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Crisis and resilience in a finance-led city: Effects of the global financial crisis in Leeds

Author

Listed:
  • Sara Gonzalez

    (University of Leeds, UK)

  • Stijn Oosterlynck

    (University of Antwerp, Belgium)

Abstract

This paper looks at the impacts of the 2008 global financial crisis on Leeds, a medium sized city in northern England, which in the last decades has specialised in finance-related economic activities. Our aim is to understand if the largely neoliberal pre-crisis urban growth model pursued in Leeds, based significantly on real estate speculation, retail and finance, was put at risk by the crisis and whether a collective reflection by local leaders took place about the need to change direction. To do that we have conducted interviews with experts in the city and analysed policy documents in detail. We focus, in particular, on how the crisis was constructed as affecting Leeds and more specifically if the socio-economic development trajectory and associated urban governance model have changed. We conclude that there has been little reflection and questioning of the underlying principles of the urban growth and governance model in Leeds.

Suggested Citation

  • Sara Gonzalez & Stijn Oosterlynck, 2014. "Crisis and resilience in a finance-led city: Effects of the global financial crisis in Leeds," Urban Studies, Urban Studies Journal Limited, vol. 51(15), pages 3164-3179, November.
    • Handle: RePEc:sae:urbstu:v:51:y:2014:i:15:p:3164-3179
    DOI: 10.1177/0042098013519142
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    References listed on IDEAS

    as
    1. Graham Haughton & Phil Allmendinger & Stijn Oosterlynck, 2013. "Spaces of Neoliberal Experimentation: Soft Spaces, Postpolitics, and Neoliberal Governmentality," Environment and Planning A, , vol. 45(1), pages 217-234, January.
    2. Andy Pike & Stuart Dawley & John Tomaney, 2010. "Resilience, adaptation and adaptability," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 3(1), pages 59-70.
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