IDEAS home Printed from https://ideas.repec.org/a/sae/envira/v47y2015i9p1842-1858.html
   My bibliography  Save this article

Emerging market city

Author

Listed:
  • Joshua Akers

Abstract

The increasing orientation of urban governance toward managing territory as a collection of real estate markets is an internalization of neoliberal reason, particularly its entrepreneurial logics, which results in an emerging market city, a city restructured in the service of markets and governed as a series of micro-market geographies. This reconfiguration of urban governance in US cities is a transition to the management for markets rather than population. This paper offers a case in which the rendering of the city as a series of markets underpins a multi-million dollar foundation-led planning project in Detroit that reimagines and restructures the role of urban governance in seeking a spatial fix for investment.

Suggested Citation

  • Joshua Akers, 2015. "Emerging market city," Environment and Planning A, , vol. 47(9), pages 1842-1858, September.
    • Handle: RePEc:sae:envira:v:47:y:2015:i:9:p:1842-1858
    DOI: 10.1177/0308518X15604969
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0308518X15604969
    Download Restriction: no
    File URL: https://libkey.io/10.1177/0308518X15604969?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Jamie Peck & Nik Theodore, 2012. "Follow the Policy: A Distended Case Approach," Environment and Planning A, , vol. 44(1), pages 21-30, January.
    2. Rachel Weber, 2010. "Selling City Futures: The Financialization of Urban Redevelopment Policy," Economic Geography, Clark University, vol. 86(3), pages 251-274, July.
    3. Jason Hackworth & Joshua Akers, 2011. "Faith In The Neoliberalisation Of Post‐Katrina New Orleans," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 102(1), pages 39-54, February.
    4. Stephen Hall & Andrew E. G. Jonas, 2014. "Urban fiscal austerity, infrastructure provision and the struggle for regional transit in ‘Motor City’," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 7(1), pages 189-206.
    5. Gordon Macleod & Craig Johnstone, 2012. "Stretching Urban Renaissance: Privatizing Space, Civilizing Place, Summoning ‘Community’," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 36(1), pages 1-28, January.
    6. Rachel Weber, 2010. "Selling City Futures: The Financialization of Urban Redevelopment Policy," Economic Geography, Taylor & Francis Journals, vol. 86(3), pages 251-274, July.
    7. Fran Tonkiss, 2013. "Austerity urbanism and the makeshift city," City, Taylor & Francis Journals, vol. 17(3), pages 312-324, June.
    8. Kathe Newman & Philip Ashton, 2004. "Neoliberal Urban Policy and New Paths of Neighborhood Change in the American Inner City," Environment and Planning A, , vol. 36(7), pages 1151-1172, July.
    9. Greig Charnock & Thomas F. Purcell & Ramon Ribera-Fumaz, 2014. "City of Rents: The limits to the Barcelona model of urban competitiveness," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 38(1), pages 198-217, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kummitha, Rama Krishna Reddy, 2018. "Entrepreneurial urbanism and technological panacea: Why Smart City planning needs to go beyond corporate visioning?," Technological Forecasting and Social Change, Elsevier, vol. 137(C), pages 330-339.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Antoine Guironnet, 2019. "Cities on the global real estate marketplace: urban development policy and the circulation of financial standards in two French localities," Post-Print halshs-02297204, HAL.
    2. Paul Langley, 2018. "Frontier financialization: Urban infrastructure in the United Kingdom," Economic Anthropology, Wiley Blackwell, vol. 5(2), pages 172-184, June.
    3. Peter O’Brien & Andy Pike, 2019. "‘Deal or no deal?’ Governing urban infrastructure funding and financing in the UK City Deals," Urban Studies, Urban Studies Journal Limited, vol. 56(7), pages 1448-1476, May.
    4. Klink, Jeroen & Stroher, Laisa Eleonora Maróstica, 2017. "The making of urban financialization? An exploration of brazilian urban partnership operations with building certificates," Land Use Policy, Elsevier, vol. 69(C), pages 519-528.
    5. Keavy McFadden & Robin Wright, 2023. "Social reproduction and public finance: A comparative study of TIF in California and Chicago," Environment and Planning A, , vol. 55(8), pages 2108-2127, November.
    6. Steven R. Henderson, 2021. "Policy mobility, advocacy and problem–potential bridging practices: A review of Scottish city council tax incremental financing business cases," Urban Studies, Urban Studies Journal Limited, vol. 58(9), pages 1811-1830, July.
    7. Antoine Guironnet & Katia Attuyer & Ludovic Halbert, 2016. "Building cities on financial assets: The financialisation of property markets and its implications for city governments in the Paris city-region," Urban Studies, Urban Studies Journal Limited, vol. 53(7), pages 1442-1464, May.
    8. Jeroen Klink & Vanessa Lucena Empinotti & Marcelo Aversa, 2020. "On contested water governance and the making of urban financialisation: Exploring the case of metropolitan São Paulo, Brazil," Urban Studies, Urban Studies Journal Limited, vol. 57(8), pages 1676-1695, June.
    9. Hanna Hilbrandt & Monika Grubbauer, 2020. "Standards and SSOs in the contested widening and deepening of financial markets: The arrival of Green Municipal Bonds in Mexico City," Environment and Planning A, , vol. 52(7), pages 1415-1433, October.
    10. Kate Gasparro & Ashby Monk, 2020. "Demystifying “localness†of infrastructure assets: Crowdfunders as local intermediaries for global investors," Environment and Planning A, , vol. 52(5), pages 878-897, August.
    11. Stephanie Farmer & Chris D Poulos, 2019. "The financialising local growth machine in Chicago," Urban Studies, Urban Studies Journal Limited, vol. 56(7), pages 1404-1425, May.
    12. Philip Ashton & Marc Doussard & Rachel Weber, 2016. "Reconstituting the state: City powers and exposures in Chicago’s infrastructure leases," Urban Studies, Urban Studies Journal Limited, vol. 53(7), pages 1384-1400, May.
    13. Frances Brill, 2020. "Complexity and coordination in London’s Silvertown Quays: How real estate developers (re)centred themselves in the planning process," Environment and Planning A, , vol. 52(2), pages 362-382, March.
    14. Peter O’Brien & Phil O’Neill & Andy Pike, 2019. "Funding, financing and governing urban infrastructures," Urban Studies, Urban Studies Journal Limited, vol. 56(7), pages 1291-1303, May.
    15. Kevin Fox Gotham, 2016. "Re-anchoring capital in disaster-devastated spaces: Financialisation and the Gulf Opportunity (GO) Zone programme," Urban Studies, Urban Studies Journal Limited, vol. 53(7), pages 1362-1383, May.
    16. Desiree Fields & Sabina Uffer, 2016. "The financialisation of rental housing: A comparative analysis of New York City and Berlin," Urban Studies, Urban Studies Journal Limited, vol. 53(7), pages 1486-1502, May.
    17. Erica Pani & Nancy Holman, 2014. "A Fetish and Fiction of Finance: Unraveling the Subprime Crisis," Economic Geography, Taylor & Francis Journals, vol. 90(2), pages 213-235, April.
    18. Matthias Bernt & Laura Colini & Daniel Förste, 2017. "Privatization, Financialization and State Restructuring in Eastern Germany: The case of Am südpark," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 41(4), pages 555-571, July.
    19. Zhenfa Li & Fulong Wu & Fangzhu Zhang, 2023. "Adaptable state-controlled market actors: Underwriters and investors in the market of local government bonds in China," Environment and Planning A, , vol. 55(8), pages 2088-2107, November.
    20. Ludovic Halbert & Katia Attuyer, 2016. "Introduction: The financialisation of urban production: Conditions, mediations and transformations," Urban Studies, Urban Studies Journal Limited, vol. 53(7), pages 1347-1361, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:envira:v:47:y:2015:i:9:p:1842-1858. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.