International Monetary Fund. External Relations Dept.
INTERNATIONAL MONETARY FUND
This paper describes problems and prospects associated with urbanization. The paper sees the rapid urbanization in the less developed world not as a crisis that can be 'dealt with' by urgent measures but as a major historical phenomenon that calls for analytical study as well as current action in the hope that it can be influenced to play a positive role in economic development. The paper also analyzes the exchange rates at the beginning of the 1970s.