by: Souleymane Coulibaly, Uwe Deichmann, William R. Dillinger, Marcel Ionescu-Heroiu, Ioannis N. Kessides, Charles Kunaka, Daniel Saslavsky
Faced with changing economic circumstances and a reorientation of
trade toward Europe and Asia, will Eurasia’s cities be able to
adjust? Will some cities be granted the flexible regulations and
supportive policies necessary for growth? And will some be permitted to
shrink and their people assisted in finding prosperity elsewhere in the
region? This report responds to these pressing questions for
policymakers in Eurasian cities and national governments.
Even as Eurasian cities diverge, they face shared challenges.
Policymakers have a key role in assisting spatial restructuring,
particularly in addressing imperfect information and coordination
failures. They can do so by rethinking cities, better planning them,
better connecting them, greening them and finding new ways to finance
these changes. Eurasian cities will also have to find the right balance
between markets and institutions to become sustainable.
As the World Development Report 2009: Reshaping Economic
Geography illustrates, Eurasia (excluding Russia) is a 3D region -
a region with low density, long distance, and many divisions. Securing
accessibility to leading regional markets such as China, India, and
Russia is thus critical. This will require key institutions to be
developed to unite the countries, key connective infrastructures to be
established between domestic and regional markets, and targeted
interventions to be undertaken to compensate countries for short-term
losses from this deepened economic integration. Policymakers at the
highest levels in these countries should put accessibility at the top
of their agendas.
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