The 21st-Century Metropolis: New Geographies of Theory

Roy, Ananya

doi:10.1080/00343400701809665

Cited by 989 publications

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“…The field of critical urban studies has been moved in recent years by a series of poststructural and postcolonial interventions that have raised searching questions about the explanatory status accorded to 'EuroAmerican' cases, about the reach and relevance of political-economic theory claims concerning entrepreneurial-cum-neoliberal modes of regulation and about the respective utility of planetary, provincial and particularised formulations of the urban (see Brenner and Schmid, 2015;Leitner and Sheppard, 2016;Parnell and Robinson, 2012;Peck, 2015a;Roy, 2009;Storper and Scott, 2016). A significant methodological response to these debates has been a renewed emphasis on comparative urbanism (see McFarlane, 2014;Robinson, 2011Robinson, , 2015Ward, 2008), with an accent on the cosmopolitan proliferation of 'more global' approaches to urban studies, on less hierarchical (or 'top down') modes of explanation, on theorising from 'elsewhere and anywhere' and on the exploration of horizontal or 'lateral' differences, divergences and discrepancies between city-cases in the service of novel interpretations and alternative theory claims.…”

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confidence: 99%

Transatlantic city, part 1: Conjunctural urbanism

2016

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As the first installment of a two-part article exploring contemporary transformations in metropolitan governance in the wake of the entrepreneurial turns of the 1980s and subsequent waves of neoliberalisation and financialisation, a case is outlined here for a 'conjunctural' approach to urban analysis. This can be considered to be complementary to, but at the same time distinct from, some of the concurrent approaches to comparative urbanism, in that it explicitly problematises the relative positioning of cities in the context of uneven development and multiscalar relations, as well as the dialogic connections between case studies, midlevel concepts and revisable theory claims. Taking as its point of departure the current financial and political crisis in Atlantic City, the New Jersey casino capital, the article historicises the concept of the entrepreneurial city, placing this in the context, successively, of the evolving 'commonsense' of neoliberal governance, the emergence of austerity urbanism and the intensification of financialised restructuring. In tracing an arc from more abstract theory claims through to the specific circumstances of contemporary urban restructuring in the United States, the article sets the stage for the more granular and concrete analysis of 'late-entrepreneurial' Atlantic City to follow in Part 2. To the extent that it is necessary to construct some of this staging, this first part of the article reflects on some of the methodological implications of a conjunctural approach to urban studies.

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Transatlantic city, part 1: Conjunctural urbanism

2016

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“…centered on the Global North while also linking "the macro-economic context of economic change with the micro-politics of context and struggle" (page 405), the latter speaking directly to the need to understand how the financialization of real estate transforms urban social life as well as the built environment. Likewise, the concern with the subaltern's positioning and participation in urban redevelopment projects found in scholarship on South Asian cities (Roy, 2009) highlights the imperative to extend our analyses to include not only financiers and developers, but also those whose spaces of existence may be strategic for the former's capital accumulation.…”

Section: Bring the Beat Backmentioning

confidence: 99%

“…Geographers taking up questions of real estate and finance might also incorporate the insights of comparative urbanism (cf Robinson, 2011;Roy, 2009) to look beyond 'the usual suspects' of postindustrial cities of the Global North and advanced Western economies (Lees, 2012) in their analyses. As Jennifer Robinson argues, "much urban theory is fairly parochial, with often quite locally-derived conclusions circulating as universal knowledge" (2011, page 10).…”

Section: Bring the Beat Backmentioning

confidence: 99%

“…And we need to understand how these markets are being repaired and reconstituted after the 2008 collapse. The composition of calculations informing and directing investment decisions in and around finance and property are changing, as are the spaces through which investment takes place.Geographers taking up questions of real estate and finance might also incorporate the insights of comparative urbanism (cf Robinson, 2011;Roy, 2009) to look beyond 'the usual suspects' of postindustrial cities of the Global North and advanced Western economies (Lees, 2012) in their analyses. As Jennifer Robinson argues, "much urban theory is fairly parochial, with often quite locally-derived conclusions circulating as universal knowledge" (2011, page 10).…”

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Rethinking Real Estate Finance in the Wake of a Boom: A Celebration of the Twentieth Anniversary of the Publication of the Double Issue on Property and Finance in Environment and Planning A

et al. 2014

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CommentaryRethinking real estate finance in the wake of a boom: a celebration of the twentieth anniversary of the publication of the double issue on property and finance in Environment and Planning A As bubbles go, the property bubble of the 1980s in the US, Great Britain, Scandinavia, Japan, and Australia was extreme, perhaps the largest commercial property bubble ever. Amid the subsequent collapse in housing and commercial real estate prices in the early 1990s, Michael Pryke organized two special issues on finance and real estate for Environment and Planning A. This year marks the twentieth anniversary of their publication. Drawing together authors from England, the United States, and Japan, the special issues were an examination of not simply the workings of real estate, but importantly the increasing role played by the financial sector in both fuelling and shaping how this sector operated. This was a period when national real estate became intertwined with international financial markets to such an extent that by the end of the 1980s "real estate and the financial markets [were] more closely linked than at any other historical period hitherto", as Jerry Coakley noted in his contribution to the second of the two issues (1994, page 711). (1) The aims of the issues were twofold: first, to bring together economists (Ball, Oizumi, Coakley), planners (Healey, Fainstein, Beauregard), and geographers interested in the intersections of real estate and finance; and, second, to encourage a theoretical and empirical exploration of the origins and implications of this particular boom and bust. (2) Reading these essays in the wake of the recent wave of overbuilding and the subsequent financial crisis of 2007/08-and seeing how prescient they remain-leaves us wondering why this line of thought was not more diligently pursued in the years following the publication of the special issues. And so we put together a panel at the 2014 AAG both to honor the work of the writers and to bring the essays once more to the attention of the field. The models and methods the authors used continue to offer a template for work that illuminates both the real estate sector and its relationship with the financial sector-a relationship that has changed but not necessarily dissipated in the light of the most recent crisis. At Pion's suggestion, we have also used this as an opportunity to bring together a number of essays on the topic that have been published over the years in Environment and Planning A. We are delighted that Pion has decided to make a virtual theme issue to be made open access for a year, which it will host on its website. The backgroundIn the Anglo-American world the mid-1980s to the early 1990s was a period marked by a remarkable surge in property prices followed by an equally dramatic collapse and a propertyled recession. In Britain this period marked the political shift to a new regulatory regime, where 'regulation' came to mean a new set of rules with less regulatory control, to free up markets. Most notable perhaps was th...

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“…Roy (2009) discusses several possible failings in the context of India. Amongst these are inadequate planning practice, failure to accurately forecast changing need and planning policy increasingly underpinned by the imposition of values based on neoliberal, capitalist-driven rationality, the latter noted repeatedly by others (Du Plessis, 2005;Fernandes, 2004;Roy, 2009). Both Shatkin (2004) and Fernandes (2004) highlight the political amnesia which seeks to disregard the existence of poverty through an apparent abandonment of place-based poverty alleviation policies.…”

Section: Planning For the Poor And Failure Of Planningmentioning

confidence: 99%

Perspectives for Integrating Housing Location Considerations and Transport Planning as a Means to Face Social Exclusion in Indian Cities

Tiwari¹

2016

International Transport Forum Discussion Papers

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The 21st-Century Metropolis: New Geographies of Theory

Cited by 989 publications

References 43 publications

Transatlantic city, part 1: Conjunctural urbanism

Transatlantic city, part 1: Conjunctural urbanism

Rethinking Real Estate Finance in the Wake of a Boom: A Celebration of the Twentieth Anniversary of the Publication of the Double Issue on Property and Finance in Environment and Planning A

Perspectives for Integrating Housing Location Considerations and Transport Planning as a Means to Face Social Exclusion in Indian Cities

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