![](https://assets.weforum.org/article/image/oaUsfntrnb-YNFnaRymxqSR5IrkxARJ2R4B5ccw71Fs.jpg)
Urban Transformation
Why towns could be stuck in the wrong place
There's a strong connection between location and economic stability.
Guy Michaels is an Associate Professor in the Department of Economics at the London School of Economics and Political Science (LSE) and a research associate at Centre for Economic Performance (CEP) at the LSE.
There's a strong connection between location and economic stability.
People continue to live in flood-prone locations, even in the aftermath of large floods. Why is there no widespread movement towards safer areas?