“Global cities and developmental states: Tokyo and Seoul”

Hill, Richard; Kim, June Woo

doi:10.4324/9781315684871-33

Cited by 26 publications

(40 citation statements)

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“…As the third influencing factor, institutional factors are also regarded to be critical in the social restructuring process. These factors, including but not limited to, welfare state regimes and the developmental state, may mediate the impact of economic globalization and large-scale migration to produce divergent social outcomes (Burgers & Musterd, 2002;Esping-Andersen, 1990;Hamnett, 1996a;Hill & Kim, 2000;Musterd & Ostendorf, 1998). Furthermore, during the social restructuring process, migration should be conceptualised not merely as one of its causes, but also as an integral component (Castles, 2010), whose social structure, compared with local residents, may be changed to different degrees by the abovementioned factors.…”

Section: Introductionmentioning

confidence: 99%

How social structure changes in Chinese global cities: Synthesizing globalization, migration and institutional factors in Beijing

Shi

Liu

Musterd

et al. 2017

Cities

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Recent studies on the social structural change in global cities have recognized globalization, migration, and institutional factors as three main forces underlying this process. However, effects of these factors have rarely been synthetically examined and the social structure of emerging Chinese global cities under typical influence of all these factors has yet not been systematically scrutinized in previous literature. To fill these gaps, we firstly established an encompassing framework to incorporate the effects of these logically interconnected factors and then applied it to Beijing, the capital and an emerging global city of China. Using the economic and population census data, we investigated the social structural changes of migrants and local residents separately over the past decade. The results demonstrated a clear trend of professionalization with a considerable growth of 'the upper class' coupled with relative shrinkages of 'the middle and lower classes' in Beijing. In this case, economic globalization and the large immigration did not result in social polarization as conventional wisdom suggested because the localized welfare system successfully prevented local residents from engaging in 'the lower class' on the one hand and the developmental state intentionally upgraded the occupational structure with a selective openness regulation on the other. Beneath this overall professionalization trend, the social gap between migrants and the locals was not reduced but widened despite their

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Section: Introductionmentioning

confidence: 99%

How social structure changes in Chinese global cities: Synthesizing globalization, migration and institutional factors in Beijing

Shi

Liu

Musterd

et al. 2017

Cities

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“…Faced with these major economic and demographic challenges, after a few years of delay the Japanese government undertook a series of measures to create the conditions for a new wave of capital growth and investment in Tokyo's built environment. This began with the recognition that Tokyo was a world city and the country's only economic engine, and as such, it should be supported to promote wider national economic development (Child Hill & Kim, 2000;Leary & McCarthy, 2013;Buhnik, 2017). The consensus was that urban regeneration in particular was needed to enhance Tokyo's competitiveness against emerging Asian rivals (Tsukamoto, 2013).…”

Section: Establishing Reit Channels To Revitalize the Struggling Economymentioning

confidence: 99%

The financialization of rental housing in Tokyo

Aveline-Dubach

2022

Land Use Policy

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Over the past two decades, the private rental sector has grown significantly in Japan. Once an overlooked sector of the market, it has been seized by the financial industry to the point of becoming the second largest REIT residential market in the world. This paper explores the development of residential REITs in Japan, in a context of demographic decline and urban shrinkage. It highlights the strategies of major Japanese real estate groups to diversify their activities and strengthen their control over popular downtown Tokyo neighbourhoods, building on government initiatives to revitalize land markets and stabilize the banking system through REITs. As the paper shows, the need to secure financial investors' expectations of attractive returns has led REIT asset managers to target the vast majority of their leasing activity to Japan's young, "promising" corporate employees. By pointing to the mediation of large corporations in the landlord-tenant relationship, the paper brings these neglected actors into the framework of financialized rental housing, and puts the analysis into the broader context of employment.

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“…On a more positive note, viewed from off the (world cities) map, in its initial versions the world city hypothesis does suggest a range of criteria by which to assess the role and functions of different cities -whether they are centres of decision-making and authority in the registers of economic, cultural and political information (Friedmann and Goetz, 1982;Friedmann, 1986;see, for example, Simon, 1995;Hill and Kim, 2000;Kelly, 2000;Tyner, 2000;Olds and Yeung, 2002). This means that the distinctive role of quite a wide variety of cities can be brought into view using this approach.…”

Section: 'Filling In the Voids': 6 Off The World Cities Mapmentioning

confidence: 99%