The Importance of Urbanization in Development

Studying the evolution of cities is crucial for understanding development, especially in the context of low and middle-income countries. Economists have traditionally focused on rural economies, but as cities like Lagos and Karachi grow, the realities of urban living in poorer areas demand attention. Urbanization offers the potential for economic promise while simultaneously presenting daunting challenges, particularly for the vulnerable populations within these cities. Engaging with this topic through research can lead to better outcomes for urban dwellers, making the understanding of urban dynamics a priority for economic studies.