Question

In: Economics

5. What are the costs of “Big Cities”? What is the Urban Giantism Problem?

5. What are the costs of “Big Cities”? What is the Urban Giantism Problem?

Solutions

Expert Solution

The Cost of living of major big countries and cities like America, Paris,etc being few of them is already high and only getting worse over a period of time. Th cost of living comfortably now a days has increased a lot. A majority part of the income that is earned by people is usually spent on necessities first and then on the luxury good and services so as to maintain the high standard of living that people are used to now. A very less portion of the income earned is actually saved by many.

One major factor that affects the cost of living in Big Cities is the cost of housing. Prime destinations and greater demand for them has contributed to the increase in prices. It is very important that the cost of living is checked and worked upon or else it will have really bad effect on the people with lower income creating a lot of inequality and disparity. Increasing cost of living reduces people’s ability to put more money towards opportunities.

Urban Giantism-  Urban Giantism is the phenomenon of urban settlements growing disproportionately large in size due to rapid migration of people from other areas to these urban settlements. People generally migrate to urban areas because of the perceived better income, infrastructure, etc

The problems due to Urban Giantism are as follows:

1. Concentration is in a single city largely to avoid transportation costs.

2. Overcrowding in particular areas that eventually make the cost of living very expensive.

3. Huge informal sectors in shantytowns. Many workers outside formal sector.

4. There may be general urban bias favouring large cities.


Related Solutions

Urban Economics/Sociology: Eds, Meds and Urban Revival 1. How is the economy of big cities like...
Urban Economics/Sociology: Eds, Meds and Urban Revival 1. How is the economy of big cities like Birmingham and Philadelphia quite different today than a half century ago? 2. Why have cities turned their attention to "Eds and Meds"? How does the growth of Eds and Meds represent a shift in city economic development strategies, from the "smokestack" chasing of old to more contemporary "smart cities" policies? 3. Are all cities capable of attracting Eds and Meds?
So the article; The Origin and Evolution of cities refers to a giant urban banana, what...
So the article; The Origin and Evolution of cities refers to a giant urban banana, what is this about?
Given the urban hierarchy that developed across the US, what can second or third tier cities...
Given the urban hierarchy that developed across the US, what can second or third tier cities do to promote growth? Can they ever advance?
What are some of the costs and benefits to living in cities, the countryside, and suburbs?...
What are some of the costs and benefits to living in cities, the countryside, and suburbs? How do each impact each other? Be specific by using Sociological concepts and your own experience in the places you have lived.
Topic is Big O Problem 5 Invent a faster solution to the ThreeSum problem. Then determine...
Topic is Big O Problem 5 Invent a faster solution to the ThreeSum problem. Then determine the number of triples of integers that sum to zero in 8ints.txt. Hint 1:Sort the array first (use Java’s built-inArrays.sort(int[] a))method to sort the array first. Hint 2:A pair a[i] and a[j] is part of a triple that sums to zero if and only if the value-(a[i]+ a[j])is in the array (but not a[i] or a[j] ). ----------------- ThreeSum.java import java.util.Arrays; public class ThreeSum...
What are the costs and benefits of too-big-to-fail policy?
What are the costs and benefits of too-big-to-fail policy?
How and why do big cities attract big companies? After reading "New Geography of Jobs" Forces...
How and why do big cities attract big companies? After reading "New Geography of Jobs" Forces of Attraction, it is very interesting as to why big cities like New York, Boston, San Francisco attract so many big companies to set their bases there. I share the confusion with the author, most companies in big cities have to pay higher wages to their employees because the expenditures for living is higher. It's not like you're going to get any information about...
Many worldwide cities are in locations where extreme weather conditions can damage critical urban infrastructures.
Many worldwide cities are in locations where extreme weather conditions can damage critical urban infrastructures. Select a representative at-risk city and design a structural system to shield the city. Develop a set of requirements and at least two different design concepts. Estimate the worst-case loading conditions for two of your design concepts, and draw a free body diagram for them. Which concept do you think is better in the worst-case conditions?
what is the difference between normal cities and smart cities
what is the difference between normal cities and smart cities
What are the key sources of urban congestions and their effects on urban lives in the...
What are the key sources of urban congestions and their effects on urban lives in the context of health and sustainability? As a part of solution suggested by many economists and policy experts suggested to significantly reduced the cars driving to cities. Why do you think the limiting the card to metropolitian and cosmoplotian cities would ve extremely difficult by city authorities in near future?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT