debating progressive politics in Europe and beyond
During the nineteenth century London grew from a city of one million people to six million, a rate of expansion commensurate with the rapid urbanization currently underway in Africa. Further, per capita income in London in the mid-nineteenth century was roughly comparable with that in Africa today. But unlike modern Africa, nineteenth century London and [...]
Earth´s population has recently passed 7 billion, a clear reminder that we need to re-evaluate how earth´s resources are divided amongst its inhabitants. In 2008 for the first time in human history, about as many people lived in urban areas as in rural settings. Predictions show that in 2050 as much as 70% of the [...]
I have just held an annual Roundtable for African central bankers. One of our themes was housing finance. Africa’s future is urban: cities facilitate productivity. But cities require huge investment, of which the largest component is the housing stock. In a developed economy such as Britain, the value of the housing stock constitutes over half [...]
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