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The global politics of an urban age: creating 'cities for all' in the age of financialisation

Robin, EM; Brill, FN; (2018) The global politics of an urban age: creating 'cities for all' in the age of financialisation. Palgrave Communications , 4 , Article 3. 10.1057/s41599-017-0056-6. Green open access

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Abstract

Our globalised and increasingly urban world demands an understanding of how ideas about how to build cities travel to become embedded in places. In this context, private actors operating across borders such as investors, real estate developers, international consultants, global construction companies and engineering firms appear as key agents of change in cities. However, real estate developers’ interactions with local stakeholders and their role in territorialising global financial strategies have been relatively under-explored in urban studies and global discussions about our 'urban future', especially within discussions on the implementation of the New Urban Agenda (NUA). This paper aims to initiate future research on this topic, providing some preliminary reflections on the role of developers as key transfer agents in the global movement of capital and its anchoring in places through the transformation of the urban built environment. In this way, we hope to offer some clarity on the transnational movement of financial capital to new places and markets, asking how real estate developers contribute to the dissemination of a global capitalist logic across cities, and what challenges this poses to the implementation of the NUA? To do so, the piece brings together insights from policy mobility literature and recent work on the financialisation of urban developments with the aim of critically assessing whether and how some of the key objectives of the NUA can be achieved in a context characterised by heavy involvement by real estate actors in city-making.

Type: Article
Title: The global politics of an urban age: creating 'cities for all' in the age of financialisation
Open access status: An open access version is available from UCL Discovery
DOI: 10.1057/s41599-017-0056-6
Publisher version: http://dx.doi.org/10.1057/s41599-017-0056-6
Language: English
Additional information: © The Author(s) 2018. This work is licensed under a Creative Commons Attribution 4.0 International License. The images or other third party material in this article are included in the article’s Creative Commons license, unless indicated otherwise in the credit line; if the material is not included under the Creative Commons license, users will need to obtain permission from the license holder to reproduce the material. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > The Bartlett School of Planning
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Geography
URI: https://discovery.ucl.ac.uk/id/eprint/10042646
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