IDEAS home Printed from https://ideas.repec.org/a/sae/urbstu/v39y2002i7p1213-1240.html
   My bibliography  Save this article

Pathways to a World City: Shanghai Rising in an Era of Globalisation

Author

Listed:
  • Shahid Yusuf

    (Development Economics at The World Bank, 1818 H Street, NW, Washington, DC 20433, USA, syusuf@worldbank.org)

  • Weiping Wu

    (Department of Urban Studies and Planning, Virginia Commonwealth University, 812 West Franklin Street, Richmond, VA23284-2008, USA, wwu@vcu.edu)

Abstract

In a globalising world, cities at or near the apex of the international urban hierarchy are among the favoured few—New York, London and Tokyo—that have acquired large economic, cultural and symbolic roles. Among a handful of regional aspirants, such as Hong Kong, Miami and Sao Paulo, Shanghai has reasonable long-term prospects. If the Chinese economy can sustain its growth rate, it will rival the US in a few decades. And if Shanghai is able to retain its pre-eminence in the Chinese context, then it is likely to be the East Asian city with the best prospect of becoming a global centre. This paper briefly explores the makings of a world city, identifies certain necessary ingredients, examines Shanghai's recent development, indicates national and municipal policies that may determine Shanghai's pathway to a global city and shows how such policies are being implemented.

Suggested Citation

  • Shahid Yusuf & Weiping Wu, 2002. "Pathways to a World City: Shanghai Rising in an Era of Globalisation," Urban Studies, Urban Studies Journal Limited, vol. 39(7), pages 1213-1240, June.
    • Handle: RePEc:sae:urbstu:v:39:y:2002:i:7:p:1213-1240
    DOI: 10.1080/00420980220135572
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1080/00420980220135572
    Download Restriction: no
    File URL: https://libkey.io/10.1080/00420980220135572?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Bloom, David E & Williamson, Jeffrey G, 1998. "Demographic Transitions and Economic Miracles in Emerging Asia," The World Bank Economic Review, World Bank, vol. 12(3), pages 419-455, September.
    2. Jeffrey D. Sachs & Andrew Warner, 1995. "Economic Reform and the Process of Global Integration," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1, 25th A), pages 1-118.
    3. Sebastian Edwards, 1999. "How Effective Are Capital Controls?," Journal of Economic Perspectives, American Economic Association, vol. 13(4), pages 65-84, Fall.
    4. Sachs, Jeffrey D & Warner, Andrew M, 1997. "Fundamental Sources of Long-Run Growth," American Economic Review, American Economic Association, vol. 87(2), pages 184-188, May.
    5. Ross Levine, 1997. "Financial Development and Economic Growth: Views and Agenda," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 688-726, June.
    6. Anne Haila, 1999. "Why is Shanghai Building a Giant Speculative Property Bubble?," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 23(3), pages 583-588, September.
    7. Enright, Michael J. & Scott, Edith E. & Dodwell, David, 1997. "The Hong Kong Advantage," OUP Catalogue, Oxford University Press, number 9780195903225.
    8. Richard N. Cooper, 1999. "Should Capital Controls be Banished?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 30(1), pages 89-142.
    9. Yue‐Man Yeung & Xiaojian Li, 1999. "Bargaining with Transnational Corporations: The Case of Shanghai," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 23(3), pages 513-533, September.
    10. Yu, Qiao, 1998. "Capital investment, international trade and economic growth in China: Evidence in the 1980-1990s," China Economic Review, Elsevier, vol. 9(1), pages 73-84.
    11. Weiping Wu, 1999. "Reforming China's Institutional Environment for Urban Infrastructure Provision," Urban Studies, Urban Studies Journal Limited, vol. 36(13), pages 2263-2282, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Karen P.Y. Lai, 2011. "Shanghai, Beijing and Hong Kong Within a Financial Centre Network," Chapters, in: Ben Derudder & Michael Hoyler & Peter J. Taylor & Frank Witlox (ed.), International Handbook of Globalization and World Cities, chapter 39, Edward Elgar Publishing.
    2. Zeyun Li & Shaohua Yang & Sharifah Rohayah Sheikh Dawood, 2017. "Global Urban Development in China: A Case Study of Shanghai in the Context of Globalization," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 7(12), pages 1008-1017, December.
    3. Wei Li & Desheng Xue & Xu Huang, 2018. "The Role of Manufacturing in Sustainable Economic Development: A Case of Guangzhou, China," Sustainability, MDPI, vol. 10(9), pages 1-17, August.
    4. Karen Lai, 2012. "Differentiated Markets: Shanghai, Beijing and Hong Kong in China’s Financial Centre Network," Urban Studies, Urban Studies Journal Limited, vol. 49(6), pages 1275-1296, May.
    5. Xia Hua & Kah-Wee Lee, 2023. "Architecture, tactics and mobility – Appropriating space at a transport hub in Shanghai," Environment and Planning C, , vol. 41(3), pages 466-484, May.
    6. Sung Li & Long Zhao, 2015. "The competitiveness and development strategies of provinces in China: a data envelopment analysis approach," Journal of Productivity Analysis, Springer, vol. 44(3), pages 293-307, December.
    7. Matsumoto, Hidenobu & Domae, Koji, 2018. "The effects of new international airports and air-freight integrator's hubs on the mobility of cities in urban hierarchies: A case study in East and Southeast Asia," Journal of Air Transport Management, Elsevier, vol. 71(C), pages 160-166.
    8. Wang, Chengjin & Ducruet, César, 2012. "New port development and global city making: emergence of the Shanghai–Yangshan multilayered gateway hub," Journal of Transport Geography, Elsevier, vol. 25(C), pages 58-69.
    9. Shenjing He & Junxi Qian, 2017. "From an emerging market to a multifaceted urban society: Urban China studies," Urban Studies, Urban Studies Journal Limited, vol. 54(4), pages 827-846, March.
    10. Peter Taylor & Ben Derudder & Michael Hoyler & Pengfei Ni & Frank Witlox, 2014. "City-Dyad Analyses of China’s Integration into the World City Network," Urban Studies, Urban Studies Journal Limited, vol. 51(5), pages 868-882, April.
    11. Horace Yeung, 2015. "A tale of two cities -- the development and reform experiences of Shenzhen and Shanghai," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 13(4), pages 369-396, November.
    12. Yonggeng Xiong & Min Xu & Yan Zhao, 2024. "Resident Preferences for Urban Green Spaces in Response to Pandemic Public Health Emergency: A Case Study of Shanghai," Sustainability, MDPI, vol. 16(9), pages 1-25, April.
    13. Weiping Wu, 2007. "State Policies, Enterprise Dynamism, and Innovation System in Shanghai, China," Growth and Change, Wiley Blackwell, vol. 38(4), pages 544-566, December.
    14. George C. S. Lin, 2007. "Reproducing Spaces of Chinese Urbanisation: New City-based and Land-centred Urban Transformation," Urban Studies, Urban Studies Journal Limited, vol. 44(9), pages 1827-1855, August.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yusuf, Shahid & Weiping Wu, 2001. "Shanghai rising in a globalizing world," Policy Research Working Paper Series 2617, The World Bank.
    2. Diaz-Bautista, Alejandro, 2002. "The role of telecommunications infrastructure and human capital: Mexico´s economic growth and convergence," ERSA conference papers ersa02p102, European Regional Science Association.
    3. George Furstenberg, 1998. "From Worldwide Capital Mobility to International Financial Integration: A Review Essay," Open Economies Review, Springer, vol. 9(1), pages 53-84, January.
    4. Yan, Han, 2024. "Financial development, violence, and resource curse: How mineral resources are contributing towards growth of resource-rich countries," Resources Policy, Elsevier, vol. 89(C).
    5. Ndikumana, Leonce & Boyce, James K., 2003. "Public Debts and Private Assets: Explaining Capital Flight from Sub-Saharan African Countries," World Development, Elsevier, vol. 31(1), pages 107-130, January.
    6. K. Navaneetham, 2002. "Age structural transition and economic growth: Evidence from South and Southeast Asia," Centre for Development Studies, Trivendrum Working Papers 337, Centre for Development Studies, Trivendrum, India.
    7. Yongfu Huang, 2005. "What determines financial development?," Bristol Economics Discussion Papers 05/580, School of Economics, University of Bristol, UK.
    8. Melanie Lührmann, 2003. "Demographic Change, Foresight and International Capital Flows," MEA discussion paper series 03038, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
    9. Jarita Duasa & Paul Mosley, 2006. "Capital Controls Re‐examined: The Case for ‘Smart’ Controls," The World Economy, Wiley Blackwell, vol. 29(9), pages 1203-1226, September.
    10. Vieira, Flávio & MacDonald, Ronald & Damasceno, Aderbal, 2012. "The role of institutions in cross-section income and panel data growth models: A deeper investigation on the weakness and proliferation of instruments," Journal of Comparative Economics, Elsevier, vol. 40(1), pages 127-140.
    11. Diego Comin & Ramana Nanda, 2019. "Financial Development and Technology Diffusion," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(2), pages 395-419, June.
    12. Kevin S. Nell & A.P. Thirlwall, 2017. "Why does the productivity of investment vary across countries?," PSL Quarterly Review, Economia civile, vol. 70(282), pages 213-245.
    13. Rogers, Mark Llewellyn, 2008. "Directly unproductive schooling: How country characteristics affect the impact of schooling on growth," European Economic Review, Elsevier, vol. 52(2), pages 356-385, February.
    14. Jamison, Eliot A. & Jamison, Dean T. & Hanushek, Eric A., 2007. "The effects of education quality on income growth and mortality decline," Economics of Education Review, Elsevier, vol. 26(6), pages 771-788, December.
    15. Smaoui, Houcem & Nechi, Salem, 2017. "Does sukuk market development spur economic growth?," Research in International Business and Finance, Elsevier, vol. 41(C), pages 136-147.
    16. Neely, Christopher J. & Rapach, David E., 2011. "International comovements in inflation rates and country characteristics," Journal of International Money and Finance, Elsevier, vol. 30(7), pages 1471-1490.
    17. Bloom, David E. & Canning, David & Kotschy, Rainer & Prettner, Klaus & Schünemann, Johannes, 2024. "Health and economic growth: Reconciling the micro and macro evidence," World Development, Elsevier, vol. 178(C).
    18. Prskawetz, A. & Kogel, T. & Sanderson, W.C. & Scherbov, S., 2007. "The effects of age structure on economic growth: An application of probabilistic forecasting to India," International Journal of Forecasting, Elsevier, vol. 23(4), pages 587-602.
    19. Kose, M. Ayhan & Prasad, Eswar S. & Terrones, Marco E., 2006. "How do trade and financial integration affect the relationship between growth and volatility?," Journal of International Economics, Elsevier, vol. 69(1), pages 176-202, June.
    20. Assaf Razin & Yona Rubinstein, 2006. "Evaluation of currency regimes: the unique role of sudden stops [‘Gravity with gravitas: A solution to the border puzzle’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 21(45), pages 120-152.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:urbstu:v:39:y:2002:i:7:p:1213-1240. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.gla.ac.uk/departments/urbanstudiesjournal .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.