'South Asia not leveraging urbanization advantage'

To better tap into the economic potential that urbanization offers, South Asia’s policymakers should consider actions at two levels – the institutional level and the policy level. At the institutional level, the region would benefit from improvements in the ways in which towns and cities are governed and financed. Specifically, the report said that reform is required to address three fundamental deficits – in empowerment, resources and accountability.

To tackle messy urbanization and bring about lasting improvements in both prosperity and livability, policies are also required to improve the ways in which cities are connected and planned, the working of land and housing markets, and cities’ resilience to natural disasters and the effects of climate change, the report said. (SH)

ALCHEMPro News Desk – India