Bernardo Furtado, Federal University of Minas Gerais UFMG Economics School FACE Regional Planning and Development Center CEDEPLAR, Belo Horizonte, Brazil
Land Price and Development, A Criticism to the Logic of Urbanization - a case study of urban space production in Timoteo, MG, Brazil (assigned to theme K2)

This quick essay aims to demonstrate the fundamental importance of the cost of producing and managing urban space from a developing country perspective. It also indicates, based upon vast literature, that the price of urban investments end up to have an expelling trend to citizens away from the benefits which they cannot afford. This paradox suggests a vice cycle in which the more the City invests the more expensive it becomes to its citizens who, helplessly, move out into unserviced neighborhoods. This paper ends with some suggestions to the problem.

submitted 2005-04-27 16:54:56.890
final paper

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