The economic role of urban planning
DOI:
https://doi.org/10.38140/trp.v44i0.755Keywords:
economics, urban planning, economic market sources effect, infrastructure-led development, planning control, public-private sector partnership, South African urban planningAbstract
The purpose of the article is to study the effect of economic market forces on urban planning. It is argued that urban planning without considering the market forces is a useless exercise. However, policy-makers cannot simply allow market forces to create or change the form of cities without any planning and control. During the past 50 years planning control went through cycles, ranging from periods of bureaucratic control to times when too much development was left to the forces of the free market. It is maintained that planners should follow the golden mean through which the market forces should be sent to achieve the desired result taking into account all other planning requirements. This means that planners should have a thorough knowledge of market forces.
A partnership between the private and public sectors is seen as the solution.
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