ABSTRACT
The evolution of urbanization and technological revolution is also a process of continuous adjustment and improvement of institutional policies and urban development strategies. The chapter first reveals that in different stages of urbanization, systems and policies show different characteristics, and the transition between stages of urbanization is usually coupled with major changes in related systems and policies. The chapter then indicates that urbanization is coupled with continuous improvement and development of the market economy. In this process, formation of a unified market, continuous improvement of market access, competition mechanism and market environment, and adjustment of the relationship between the government and the market all play an important role. The chapter also identifies the role of institutional policies in technological revolution. Finally, the chapter finds out that even under the same institutional environment, city governments vary in their governance capability, make different choice on infrastructure layout, and set different strategies for urban transformation. This largely accounts for their difference in the path and outlook of urban development.
