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What Will Urban Renewal Look Like?
If I think about Ethiopia, it has more than 100 million people. Yet its second largest city is only about 400,000 people. You have some countries where the distribution of cities follows unusual patterns. Thailand has an income more or less the same as Mexico, but an urbanization rate close to that of Guatemala. Do you have a sense of what accounts for these cases? Politics. The political system which gives such an advantage to the major city. That this is where people want to go. And if you are in a secondary city, you are so much penalized and unless you change the political system, you decentralize.