The Global Pattern of Urbanization and Economic Growth: Evidence from the Last Three Decades
Figure 5
Typical countries demonstrating no significant correlation between speed of urbanization and economic performance.
Plotting the annual economic growth rate on the X-axis and speed of urbanization on the Y-axis, different countries form a set of scatter points on a quadrant map. (a) shows the countries with high urbanization speed and low economic performance, and (b) shows the countries with low urbanization speed and high economic performance. Names of countries are abbreviated to three-digit letters according to the ISO criterion. The full names of the countries are seen in Appendix S3. The results highlight the fact that speed of urbanization has no significant correlation with the economic growth rate of observed common phenomena throughout the world.