Shen, J;
Wu, F;
(2017)
The suburb as a space of capital accumulation: the development of new towns in Shanghai, China.
Antipode
, 49
(3)
pp. 761-780.
10.1111/anti.12302.
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Abstract
Drawing attention to the governing role of capital accumulation and its interaction with the state, this study examines the dynamics of the new wave of suburbanization in China, which is characterized by the development of new towns. New towns essentially function as a spatial fix in China’s contemporary accumulation regime. Rather than resulting from capital switching from the primary to the secondary circuits, new towns help to collect funds for the leverage of industrial capital and thus simultaneously sustain both circuits. Meanwhile, the development of new towns is also a process of territorial development, in which municipal governments expand the space of accumulation under strengthened fiscal and land controls and develop a metropolitan structure. Underlying the specific form and dynamics, however, is the worldwide trend of capital switching from declining manufacturing industries in developed countries to the new investment frontier in developing countries.
| Type: | Article |
|---|---|
| Title: | The suburb as a space of capital accumulation: the development of new towns in Shanghai, China |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1111/anti.12302 |
| Publisher version: | http://dx.doi.org/10.1111/anti.12302 |
| Language: | English |
| Additional information: | © 2016 The Authors. Antipode published by John Wiley & Sons Ltd on behalf of Antipode Foundation Ltd. This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited. |
| Keywords: | Suburbanization, suburban governance, capital accumulation, new towns, Chinese cities, Shanghai |
| 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 |
| URI: | https://discovery.ucl.ac.uk/id/eprint/1517366 |
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