Shanghai Rising in a Globalizing World

Yusuf, Shahid ; Wu, Weiping

World Bank, Washington, DC

关键词: ACCOUNTING;    AUCTIONS;    AUTONOMY;    BANKING REFORM;    BANKING SYSTEM;   

DOI  :  10.1596/1813-9450-2617
RP-ID  :  WPS2617

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

In a globalizing world, cities at ornear the apex of the international urban hierarchy are amongthe favored few--New York, London, and Tokyo--that haveacquired large economic, cultural, and symbolic roles. Amonga handful of regions that aspire to such a role--such asHong Kong, Miami, and Sao Paulo--Shanghai has reasonablelong-term prospects. If the Chinese economy can sustain itsgrowth rate, it will rival the United States in a fewdecades. And if Shanghai can sustain its preeminence inChina, it is the Asian city most likely to become a globalcenter. The authors explore the makings of a world city,identify ingredients essential for that status, indicatenational and municipal policies that may set Shanghai on thepath to being a global city, and show how such policies arebeing implemented. As urbanization continues, the authorssay, and as information technology and finance-relatedservice activities take on even more importance, the numberof regional and global centers could increase, but only ifthey satisfy some exacting requirements. Shanghai'schances, for example, depend on the extent to which Chinaopens up and on a host of municipal policies--policies thatemphasize Shanghai's industrial strength, substantiallyenlarge its base of information technology and producerservices, ensure an adequate supply of skills, expandavailable housing and infrastructure enough to meet demand,and improve the quality of life.