Inter-American Development Bank IADB/BID, 2011
Available online at: http://bit.ly/qMmbks
“…………Latin America and the Caribbean (LAC) has the highest rate of urbanization in the developing world. The proportion of the region’s population living in cities almost doubled between 1950 (41%) and 2010 (80%).
Likewise, economic activity in the region is significantly concentrated in its cities. Between 60% and 70% of the regional gross domestic product (GDP) is currently produced in urban areas. Despite this generation of wealth, two out of every three people in Latin American and Caribbean cities live in poverty. These circumstances, together with the growing importance of cities’ impact on the environment and the high vulnerability of Latin American and Caribbean cities to climate change, natural disasters, and financial limitations, create a need for reflection on the concepts of sustainability and urban development in LAC.