Urbanization has relied on land conversion and land financing, which is causing urban sprawl and, on occasion, ghost towns and waste.
Sentiment: NEGATIVE
Urbanization is not about simply increasing the number of urban residents or expanding the area of cities. More importantly, it's about a complete change from rural to urban style in terms of industry structure, employment, living environment and social security.
I think ultimately, bringing more nature back into the city is a way to deal with urban sprawl and things like that. If the cities feel a little more natural, people like to live there more rather than moving out and dividing up another piece of land that shouldn't be touched.
If managed well, urbanization can create enormous opportunities: allowing innovation and new ideas to emerge, saving energy, land and natural resources, managing climate and the risk of disasters.
When urbanity decays, civilization suffers and decays with it.
Besides infrastructure, there is a huge opportunity in housing and urbanisation of cities - not only building new ones, but also renewing the infrastructure of old cities to make them more livable. This provides tremendous scope for large investments to fuel growth.
The biggest thing growing cities need to do is minimize barriers to development so that as long as someone is doing good urbanism, they can get permitted quickly and get building quickly.
Typically, market-driven growth spawns urbanisation and leads to migration. Urban centres expand into humongous entities that thrive on an unending supply of energy.
Cities all over the world are getting bigger as more and more people move from rural to urban sites, but that has created enormous problems with respect to environmental pollution and the general quality of life.
China's urbanization supported the country's impressive growth and rapid economic transformation.
The form a city assumes as it evolves over time owes more to large-scale works of civil engineering - what we now call infrastructure - than almost any other factor save topography.
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