ECON 112 Lecture Notes - Lecture 21: Eko Atlantic, Tower Block, Luxurious
Document Summary
2 of 3 people in lagos dwell in slums. Lagos has no choice but to go up . Persuaded 11 families on the land to combine their plots and stay elsewhere while the 48 flat tower block was built. Now they have 11 modern apartments to move into - and 37 extra new homes for their neighbors. But it took years to build and was very expensive - too expensive for the government to roll out across lagos. Rural to urban migration was viewed positively until recently. The current view is that this migration is greater than the urban areas" ability to. 7. 6 toward an economic theory of rural urban migration. A verbal description of the todaro model. Decision depends on expected rather than actual wage differentials. Probability of obtaining a city job is inversely related to the urban unemployment rate. High rates of migration are outcomes of rural urban imbalances.
