Urbanization is a common trend in development from "summary" of Economic Development by Michael P. Todaro,Stephen C. Smith
Urbanization, or the process of population shifting from rural areas to urban areas, is a fundamental aspect of economic development. This trend is prevalent across the globe, as developing countries strive for modernization and growth. As nations progress, their economies evolve from agrarian to industrial, leading to increased urbanization. The migration of people from rural to urban areas is driven by various factors. One of the primary reasons for urbanization is the promise of better economic opportunities in cities. Urban areas often offer higher wages, more job prospects, and improved living standards compared to rural regions. As a result, individuals are drawn to cities in search of a better life for themselves and their families. Additionally, urbanization is fueled by advancements in technology and infrastructure. As cities develop, they become hubs of innovation, commerce, and industry. Improved transportation networks, communication systems, and amen...Similar Posts
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