The causes and consequences of urban sprawl in the twentieth century that focus on lower transportation costs and self-sorting of the population are overviewed. The four issues raising clear efficiency and equity concerns of unproductive congestion on roads, high levels of metropolitan car pollution, the loss of open space amenities, and an unequal provision of public goods and services across sprawling metropolitan suburbs that give rise to residential segregation and pockets of poverty are focused.
Publication Name: Journal of Economic Perspectives
Villain of the Asian crisis: Thailand or the IMF?
The Asian financial crisis can be traced back to problems in the Thai economy. A structural adjustment program was introduced by the World Bank and International Monetary Fund during the 1980s, and this program did not manage to switch resources to the tradable sector from the non-tradable sector. Minimum wages were raised as a result of political pressures each time there was a devaluation. Infrastructure investment was squeezed for fiscal reasons, and this undermined long term growth.
Publication Name: ASEAN Economic Bulletin
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