The global crisis of 2008-09 went in hand with sharp fluctuations in capital flows. To some extent, these fluctuations may have been attributable to uncertainty-averse investors indiscriminately selling assets about which they had poor information, including those in geographically distant...

Urban areas are now home to more than half the population of OECD countries. Megacities like Tokyo with more than 35 million people and Mexico with about 18.5 million, and large agglomerations such as Montreal, Helsinki, Madrid and Stockholm are often called "engines of national growth." They...

Urban areas represent an important part of the national economy and feature higher GDP per capita and productivity levels than their country’s average. But they also harbour large pockets of unemployment and poverty and suffer from problems such as congestion, pollution and crime. This book...

OECD's comprehensive territorial review of Melbourne, Australia's second largest city, most important container port, and leading cultural and educational centre. It finds that Melbourne is poised for a major phase in its growth, but that it faces a number of challenges.

In OECD countries, metropolitan areas often enjoy above-average rates of growth; they compete for foreign direct investment, have a leading position in the knowledge-based economy, and attract a disproportionately large share of immigrants. Yet they also are burdened with many problems including...