Urbanization and Rural-Urban Migration: Theory and Policy
Urbanization and Rural-Urban Migration: Theory and Policy
Urbanization and Rural-Urban Migration: Theory and Policy
Urbanization and
Rural-Urban
Migration: Theory
and Policy
2000 2025
World 3.2 5.1
MDCs 1.0 (31%) 1.1 (22%)
LDCs 2.2 (69%) 4.0 (78%)
• Decision criterion:
– Migration will take place if the present value
of “expected” benefits exceed costs
Costs of migration:
• Transportation cost
W**A M’
A’
OA LA L*A=L*M LM OM