Shanghai Rising in a Globalizing World
In a globalizing world, cities at or near the apex of the international urban hierarchy are among the favored few--New York, London, and Tokyo--that have acquired large economic, cultural, and symbolic roles. Among a handful of regions that aspire...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2001/06/1346409/shanghai-rising-globalizing-world http://hdl.handle.net/10986/19632 |
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okr-10986-196322021-04-23T14:03:43Z Shanghai Rising in a Globalizing World Yusuf, Shahid Wu, Weiping ACCOUNTING AUCTIONS AUTONOMY BANKING REFORM BANKING SYSTEM BANKRUPTCY BANKRUPTCY PROCEDURES BONDS BORROWING BORROWING COSTS BUSINESS OPPORTUNITIES BUSINESS SERVICES CAPITALIZATION CAPITALS CITIES COLLATERAL COMMERCIAL BANKS COMMUNICATIONS INFRASTRUCTURE COMPETITIVE BIDDING CONSOLIDATION CONSUMER GOODS CONTRACTORS DATA TRANSMISSION DECENTRALIZATION DECISION- MAKING DEPOSITS DEREGULATION DISTRICT GOVERNMENTS ECONOMIC GROWTH ENTREPRENEURSHIP FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FIXED ASSET FOREIGN BANKS FOREIGN EXCHANGE HOUSING IMPORTS INCOME INCOME DISTRIBUTION INDUSTRIAL DEVELOPMENT INNOVATIONS INSURANCE LAND USE LAND USE POLICIES LAWS LEARNING LEGAL FRAMEWORK LEGISLATION MACROECONOMIC STABILITY MARKET MAKERS MARKET PRICES MEDIA MIGRATION MUNICIPAL AGENCIES MUNICIPAL GOVERNMENT MUNICIPAL GOVERNMENTS MUNICIPAL REVENUE NONPERFORMING LOANS NOW ACCOUNTS POLLUTION PRIVATE SECTOR PRIVATIZATION PRODUCTION PROCESSES PRODUCTIVITY PUBLIC AGENCIES PUBLIC SECTOR PUBLIC TRANSPORTATION REGULATORY FRAMEWORK REORGANIZATION RESOURCE MOBILIZATION RETAIL BANKING RETURN ON ASSETS REVENUE COLLECTION SAVINGS SECURITIES STATE BANKS STATE ENTERPRISES STREETS SUBNATIONAL GOVERNMENTS TAX TAX COLLECTION TECHNOLOGY TRANSFER TELECOMMUNICATIONS TELECOMMUNICATIONS COMPANIES TELECOMMUNICATIONS EQUIPMENT TELECOMS TELEPHONE SERVICE TRANSACTION COSTS TRANSPARENCY TRANSPORT URBAN DEVELOPMENT URBAN INFRASTRUCTURE URBAN TRANSPORTATION URBANIZATION USER CHARGES WASTE DISPOSAL In a globalizing world, cities at or near the apex of the international urban hierarchy are among the favored few--New York, London, and Tokyo--that have acquired large economic, cultural, and symbolic roles. Among a handful of regions that aspire to such a role--such as Hong Kong, Miami, and Sao Paulo--Shanghai has reasonable long-term prospects. If the Chinese economy can sustain its growth rate, it will rival the United States in a few decades. And if Shanghai can sustain its preeminence in China, it is the Asian city most likely to become a global center. The authors explore the makings of a world city, identify ingredients essential for that status, indicate national and municipal policies that may set Shanghai on the path to being a global city, and show how such policies are being implemented. As urbanization continues, the authors say, and as information technology and finance-related service activities take on even more importance, the number of regional and global centers could increase, but only if they satisfy some exacting requirements. Shanghai's chances, for example, depend on the extent to which China opens up and on a host of municipal policies--policies that emphasize Shanghai's industrial strength, substantially enlarge its base of information technology and producer services, ensure an adequate supply of skills, expand available housing and infrastructure enough to meet demand, and improve the quality of life. 2014-08-25T17:20:15Z 2014-08-25T17:20:15Z 2001-06 http://documents.worldbank.org/curated/en/2001/06/1346409/shanghai-rising-globalizing-world http://hdl.handle.net/10986/19632 English en_US Policy Research Working Paper;No. 2617 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research East Asia and Pacific China |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING AUCTIONS AUTONOMY BANKING REFORM BANKING SYSTEM BANKRUPTCY BANKRUPTCY PROCEDURES BONDS BORROWING BORROWING COSTS BUSINESS OPPORTUNITIES BUSINESS SERVICES CAPITALIZATION CAPITALS CITIES COLLATERAL COMMERCIAL BANKS COMMUNICATIONS INFRASTRUCTURE COMPETITIVE BIDDING CONSOLIDATION CONSUMER GOODS CONTRACTORS DATA TRANSMISSION DECENTRALIZATION DECISION- MAKING DEPOSITS DEREGULATION DISTRICT GOVERNMENTS ECONOMIC GROWTH ENTREPRENEURSHIP FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FIXED ASSET FOREIGN BANKS FOREIGN EXCHANGE HOUSING IMPORTS INCOME INCOME DISTRIBUTION INDUSTRIAL DEVELOPMENT INNOVATIONS INSURANCE LAND USE LAND USE POLICIES LAWS LEARNING LEGAL FRAMEWORK LEGISLATION MACROECONOMIC STABILITY MARKET MAKERS MARKET PRICES MEDIA MIGRATION MUNICIPAL AGENCIES MUNICIPAL GOVERNMENT MUNICIPAL GOVERNMENTS MUNICIPAL REVENUE NONPERFORMING LOANS NOW ACCOUNTS POLLUTION PRIVATE SECTOR PRIVATIZATION PRODUCTION PROCESSES PRODUCTIVITY PUBLIC AGENCIES PUBLIC SECTOR PUBLIC TRANSPORTATION REGULATORY FRAMEWORK REORGANIZATION RESOURCE MOBILIZATION RETAIL BANKING RETURN ON ASSETS REVENUE COLLECTION SAVINGS SECURITIES STATE BANKS STATE ENTERPRISES STREETS SUBNATIONAL GOVERNMENTS TAX TAX COLLECTION TECHNOLOGY TRANSFER TELECOMMUNICATIONS TELECOMMUNICATIONS COMPANIES TELECOMMUNICATIONS EQUIPMENT TELECOMS TELEPHONE SERVICE TRANSACTION COSTS TRANSPARENCY TRANSPORT URBAN DEVELOPMENT URBAN INFRASTRUCTURE URBAN TRANSPORTATION URBANIZATION USER CHARGES WASTE DISPOSAL |
| spellingShingle |
ACCOUNTING AUCTIONS AUTONOMY BANKING REFORM BANKING SYSTEM BANKRUPTCY BANKRUPTCY PROCEDURES BONDS BORROWING BORROWING COSTS BUSINESS OPPORTUNITIES BUSINESS SERVICES CAPITALIZATION CAPITALS CITIES COLLATERAL COMMERCIAL BANKS COMMUNICATIONS INFRASTRUCTURE COMPETITIVE BIDDING CONSOLIDATION CONSUMER GOODS CONTRACTORS DATA TRANSMISSION DECENTRALIZATION DECISION- MAKING DEPOSITS DEREGULATION DISTRICT GOVERNMENTS ECONOMIC GROWTH ENTREPRENEURSHIP FINANCIAL INSTITUTIONS FINANCIAL MARKETS FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FIXED ASSET FOREIGN BANKS FOREIGN EXCHANGE HOUSING IMPORTS INCOME INCOME DISTRIBUTION INDUSTRIAL DEVELOPMENT INNOVATIONS INSURANCE LAND USE LAND USE POLICIES LAWS LEARNING LEGAL FRAMEWORK LEGISLATION MACROECONOMIC STABILITY MARKET MAKERS MARKET PRICES MEDIA MIGRATION MUNICIPAL AGENCIES MUNICIPAL GOVERNMENT MUNICIPAL GOVERNMENTS MUNICIPAL REVENUE NONPERFORMING LOANS NOW ACCOUNTS POLLUTION PRIVATE SECTOR PRIVATIZATION PRODUCTION PROCESSES PRODUCTIVITY PUBLIC AGENCIES PUBLIC SECTOR PUBLIC TRANSPORTATION REGULATORY FRAMEWORK REORGANIZATION RESOURCE MOBILIZATION RETAIL BANKING RETURN ON ASSETS REVENUE COLLECTION SAVINGS SECURITIES STATE BANKS STATE ENTERPRISES STREETS SUBNATIONAL GOVERNMENTS TAX TAX COLLECTION TECHNOLOGY TRANSFER TELECOMMUNICATIONS TELECOMMUNICATIONS COMPANIES TELECOMMUNICATIONS EQUIPMENT TELECOMS TELEPHONE SERVICE TRANSACTION COSTS TRANSPARENCY TRANSPORT URBAN DEVELOPMENT URBAN INFRASTRUCTURE URBAN TRANSPORTATION URBANIZATION USER CHARGES WASTE DISPOSAL Yusuf, Shahid Wu, Weiping Shanghai Rising in a Globalizing World |
| geographic_facet |
East Asia and Pacific China |
| relation |
Policy Research Working Paper;No. 2617 |
| description |
In a globalizing world, cities at or
near the apex of the international urban hierarchy are among
the favored few--New York, London, and Tokyo--that have
acquired large economic, cultural, and symbolic roles. Among
a handful of regions that aspire to such a role--such as
Hong Kong, Miami, and Sao Paulo--Shanghai has reasonable
long-term prospects. If the Chinese economy can sustain its
growth rate, it will rival the United States in a few
decades. And if Shanghai can sustain its preeminence in
China, it is the Asian city most likely to become a global
center. The authors explore the makings of a world city,
identify ingredients essential for that status, indicate
national and municipal policies that may set Shanghai on the
path to being a global city, and show how such policies are
being implemented. As urbanization continues, the authors
say, and as information technology and finance-related
service activities take on even more importance, the number
of regional and global centers could increase, but only if
they satisfy some exacting requirements. Shanghai's
chances, for example, depend on the extent to which China
opens up and on a host of municipal policies--policies that
emphasize Shanghai's industrial strength, substantially
enlarge its base of information technology and producer
services, ensure an adequate supply of skills, expand
available housing and infrastructure enough to meet demand,
and improve the quality of life. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Yusuf, Shahid Wu, Weiping |
| author_facet |
Yusuf, Shahid Wu, Weiping |
| author_sort |
Yusuf, Shahid |
| title |
Shanghai Rising in a Globalizing World |
| title_short |
Shanghai Rising in a Globalizing World |
| title_full |
Shanghai Rising in a Globalizing World |
| title_fullStr |
Shanghai Rising in a Globalizing World |
| title_full_unstemmed |
Shanghai Rising in a Globalizing World |
| title_sort |
shanghai rising in a globalizing world |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2001/06/1346409/shanghai-rising-globalizing-world http://hdl.handle.net/10986/19632 |
| _version_ |
1764440165094260736 |