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The state acts through the market: “state entrepreneurialism” beyond varieties of urban entrepreneurialism

Wu, F; (2020) The state acts through the market: “state entrepreneurialism” beyond varieties of urban entrepreneurialism. Dialogues in Human Geography , 10 (3) pp. 326-329. 10.1177/2043820620921034. Green open access

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Abstract

This commentary reflects on varieties of urban entrepreneurialism and rethinks its application to China. I argue that the state is proactively using market instruments for more strategic and developmental objectives in China. Characterized by ‘planning centrality, market instruments’, state entrepreneurialism manifests a different state–market relation: the state acts through the market rather than just being market friendly. In the post-crisis West, it is claimed that urban entrepreneurialism mutates into a financialized value extraction machine. Similarly, state entrepreneurialism reveals the usefulness but also the limits of the concept of urban entrepreneurialism. State entrepreneurialism adds a new narrative to the current description of governance changes associated with financialization and market operations.

Type: Article
Title: The state acts through the market: “state entrepreneurialism” beyond varieties of urban entrepreneurialism
Open access status: An open access version is available from UCL Discovery
DOI: 10.1177/2043820620921034
Publisher version: http://doi.org/10.1177/2043820620921034
Language: English
Additional information: https://creativecommons.org/licenses/by/4.0/This article is distributed under the terms of the Creative Commons Attribution 4.0 License (https://creativecommons.org/licenses/by/4.0/) which permits any use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access pages (https://us.sagepub.com/en-us/nam/open-access-at-sage).
Keywords: China, financialization, state entrepreneurialism, urban development, urban entrepreneurialism
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/10089632
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