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Africa's Pulse, No.13, April 2016

URBAN TRANSPORT SANITATION RAIL INFRASTRUCTURE DYNAMIC EMERGING MARKETS FINANCE INFRASTRUCTURE GROWTH RATES PUBLIC SAVINGS REAL ECONOMIC ACTIVITY PUBLIC TRANSIT TRAFFIC CONGESTION COMMODITY EXPORT URBANIZATION CARBON DIOXIDE FISCAL DEFICITS GREENHOUSE GAS EMISSIONS DISPOSABLE INCOME INCOME INTEREST TRANSPORT INFRASTRUCTURE VEHICLES URBAN ROAD URBAN CONGESTION RAPID TRANSIT PROPERTY RIGHTS EXCHANGE CENTRAL BUSINESS DISTRICT EMISSIONS ELASTICITY GASOLINE CONSUMPTION GASOLINE AGGLOMERATION BENEFITS PROXIMITY OF INFRASTRUCTURE JOURNEY CARBON DIOXIDE EMISSIONS NEIGHBORHOODS TRAFFIC ROAD INFRASTRUCTURE PRICE TAX WEALTH SAVING GREENHOUSE GAS LAND USE PATTERNS TRANSPORT SERVICES TRANSPORT INVESTMENT CASH FLOWS PROPERTY OWNERS LIQUID MARKETS VEHICLE FOREIGN TRADE SAVINGS ROAD GLOBAL ECONOMY COSTS COMMUTERS CURRENCY TRANSPORT SYSTEMS GROSS DEBT TRANSPORT POPULATION GROWTH EXCHANGE RATES MOBILITY INTEREST RATES EMERGING MARKET DEBT PRIVATE INVESTMENT DRAINAGE FLOOR AREA TRAVEL TIMES GAS EMISSIONS CAPITAL INVESTMENTS GROSS DOMESTIC PRODUCT ROUTE EXPORT MARKET SUBSIDIES COMMODITY PRICE INFRASTRUCTURE TAXES LAND USE PRICE CHANGE FISCAL DEFICIT BUSES INFRASTRUCTURE INVESTMENT EMERGING MARKETS BUS ENERGY CONSUMPTION COMMODITY EXPORTS DRIVING CONGESTION STREET CARS TRAVEL TRANSPORTATION TRANSIT ECONOMIC PERFORMANCE AFFORDABLE TRANSPORT CLIMATE CHANGE GLOBAL MARKET POLICIES INTERNATIONAL TRADE BARRIERS PROPERTY TAXES INFRASTRUCTURE COSTS FINANCIAL CRISIS CARS FUTURE INFRASTRUCTURE FINANCING CURRENT ACCOUNT BALANCE WORLD ECONOMY PURCHASING POWER ACCESSIBILITY EXCHANGES POPULATION DENSITY PRICE CHANGES JOB CREATION URBAN MOBILITY SHARES HOUSEHOLD BUDGETS INFRASTRUCTURE PROJECTS MODAL CHOICES MACROECONOMIC SIMULATIONS STREETS PUBLIC DEBT BRIDGE AFFORDABLE HOUSING OUTPUT ROADS CAR EXPOSURE INFRASTRUCTURE INVESTMENTS WALKING CURRENCIES HIGHWAY TRADE RAILWAYS CRUDE OIL PRICE PRICE RISKS INVESTMENT DOMESTIC COMPETITION SHARE AGGLOMERATION ECONOMIES RAIL HIGH TRANSPORT FUEL INVESTMENTS ROAD INVESTMENT COMMODITIES ROAD CONDITIONS EXCHANGE RATE TRANSPORT COSTS CAPITAL INVESTMENT COMMODITY PRICES COMMODITY INTERNATIONAL MARKETS PRICES URBAN TRANSPORTATION FINANCIAL INCENTIVES TRANSIT SYSTEM COMPETITION
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World Bank, Washington, DC
Africa | Sub-Saharan Africa
2016-04-11T16:23:10Z | 2016-04-11T16:23:10Z | 2016-04-11

Urbanization is a source of dynamism that can enhance productivity and increase economic integration, a principle evident from the experience of today’s high-income countries and rapidly emerging economies. Indeed, during the Industrial Age, no country has achieved sustained increases in national income without urbanization. If well managed, cities can help countries accelerate growth and “open the doors” to global markets in two ways: by creating productive environments that attract international investment and increase economic efficiency; and by creating livable environments that prevent urban costs from rising excessively with increased densification. By generating agglomeration economies, cities can enhance productivity and spur innovation and national economic diversification. The underlying reason for this is economic density. This report includes the following highlights: growth will remain lackluster in Sub-Saharan Africa in 2016, weighed down by low and volatile commodity prices; addressing growing economic vulnerabilities and developing new sources of sustainable, inclusive growth are key priorities for the region; and Africa’s rapid urbanization offers a potential springboard for economic diversification. But building cities that work will require reforming land markets and urban regulations, and coordinating early infrastructure investments.

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