ABSTRACT
The bonding capacity of cities is often much larger than their budgets, giving them the ability to develop long-term construction projects, and provide low interest loans for economic development purposes. A shoe factory which produces for a city of 100,000, instead of a region of 500,000, may have production costs only 5 to 10 percent higher. After returning to Europe he sought out the President the company, and asked him whether it might be feasible to design a factory to meet only the needs of the small market of Zambia, which required but one-million egg cartons a year. Although local self-reliance, recycling, small scale production, solar energy, preventive rather than treatment systems, may make more sense, the authors have to confront institutions built in another era, when resources were plentiful, growth was the objective, and affluence was a never-ending spiral.
