The World Development Report 2009 focuses on the role of markets for land, labor, and tradable goods in reshaping economic geography, but it pays little or no attention to financial markets. While analytically convenient, this abstraction from financial markets is deeply problematic. Especially since the late 1970s, the dynamics of finance capital have played a major role in redrawing the economic map of the world and will continue to do so. In addition, this review underscores the limits of the unilinear model of rural‐urban transition that underpins the report.
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Gillian Hart (2010) studied this question.
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