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Amsterdam in Crisis: How the (Local) State Buffers and Suffers

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  • EWALD ENGELEN
  • SAKO MUSTERD

Abstract

The Dutch institutional configuration is unique in its hybrid character. The specific mixture of a strong welfare state and an Anglo‐American‐oriented economy, which is even more pronounced in the case of Amsterdam, creates a buffering capacity. However, this capacity is expected to be insufficient to absorb the entire impact of the current financial and economic crises. The Amsterdam economy, segments of the housing market and urban development in general will be hard hit by the crises. The state will be reasserting itself, but will soon suffer from a lack of investment capital. Résumé La configuration institutionnelle néerlandaise est unique par son caractère hybride. La combinaison singulière d’une protection sociale forte et d’une économie d’orientation anglo‐américaine – encore plus flagrante dans le cas d’Amsterdam – crée une capacité d’amortissement. Celle‐ci devrait toutefois ne pas suffire pour absorber tout l’impact des crises financière et économique actuelles. À Amsterdam, ces dernières vont gravement affecter à la fois l’économie, certains segments du marché du logement et l’urbanisme en général. L’État se rétablira, mais ne tardera pas à souffrir d’un manque de capitaux d’investissement.

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  • Ewald Engelen & Sako Musterd, 2010. "Amsterdam in Crisis: How the (Local) State Buffers and Suffers," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 34(3), pages 701-708, September.
    • Handle: RePEc:bla:ijurrs:v:34:y:2010:i:3:p:701-708
    DOI: 10.1111/j.1468-2427.2010.00986.x
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    1. Ewald Engelen & Martijn Konings & Rodrigo Fernandez, 2010. "Geographies of Financialization in Disarray: The Dutch Case in Comparative Perspective," Economic Geography, Clark University, vol. 86(1), pages 53-73, January.
    2. Ewald Engelen, 2007. "‘Amsterdamned’? The Uncertain Future of a Financial Centre," Environment and Planning A, , vol. 39(6), pages 1306-1324, June.
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    2. Ewald Engelen, 2011. "Grasping the Spatial Paradoxes of Finance: Theoretical Lessons from the Case of Amsterdam," Chapters, in: Ben Derudder & Michael Hoyler & Peter J. Taylor & Frank Witlox (ed.), International Handbook of Globalization and World Cities, chapter 22, Edward Elgar Publishing.
    3. Tuna Taşan-Kok & Sara Özogul, 2021. "Fragmented governance architectures underlying residential property production in Amsterdam," Environment and Planning A, , vol. 53(6), pages 1314-1330, September.
    4. Marco Bontje & Philip Lawton, 2013. "Mobile policies and shifting contexts: city-regional competitiveness strategies in Amsterdam and Dublin," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 104(4), pages 397-409, September.
    5. Roger Keil, 2010. "Real Estate, the City and Place: The Crisis Unfolds," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 34(3), pages 647-651, September.
    6. Ståle Holgersen, 2015. "Crisis and the Post-Industrial City: Or is Malmö Building Yesterday's City Tomorrow, Again?," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 106(3), pages 231-245, July.
    7. Ewald Engelen & Julie Froud & Sukhdev Johal & Angelo Salento & Karel Williams, 2017. "The grounded city: from competitivity to the foundational economy," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 10(3), pages 407-423.
    8. Bingqin Li & Zhonglu Zeng, 2015. "Economic Structure, Social Risks and the Challenges to Social Policy in Macau, China," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 2(2), pages 383-398, May.

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