Housing

James Lee

Chapter 5 in Welfare Capitalism in East Asia, 2003, pp 99-127 from Palgrave Macmillan

Abstract: Abstract Rapid urbanization, a high concentration of economic activities, and severe housing shortages have been key features of most urban centres in East and South East Asia in the last four decades. In 2001, the United Nations estimated that in the foreseeable future the rate of urbanization will be highest in Asia and Africa. In 1999, 36 per cent of the Asian population lived in urban areas. By 2030, it is projected that 58 per cent of Asians will live in cities. There will then be nearly five billion people in Asia, more than three times the population of North America, Latin America and Europe combined (UN General Assembly, 2001). Across Asia, the pattern of urban growth is therefore very rapid. It is even more striking in the four East Asian tigers, since all four are highly urbanized, with financial and physical resources concentrated in their capital cities.

Keywords: House Price; Public Housing; Home Ownership; Housing Policy; Housing System (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59756-3_5

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DOI: 10.1057/9780230597563_5

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