CITIES TYPOLOGY UNDER THE INFLUENCE OF FINANCIALIZATION: PHENOMENON OF GHOST TOWNS
DOI:
https://doi.org/10.35120/sciencej0301013sKeywords:
financialization, financialised city, ghost towns, socio-economic phenomenon, urbanizationAbstract
Financialization is a global phenomenon. This paper studies how this phenomenon has reflected upon the urban areas and the emergence of accelerated “production of space”. These relationships are considered for the period from the beginning of the 21st century till present. Also, research is aimed to identification of one of characteristic urban typologies - “ghosts towns”, which are subject of the comparative analysis. Analyzed examples are developed at various locations within approximate time context, while social, economic, political, cultural, and many other contexts are different. However, the phenomenon of financialization also occurs in developed and underdeveloped countries. Meaning, impact and consequences of the described process, and thus the identification of the causes, present possibilities to prevent possible negative consequences or to point them out in order to improve quality of urban life.
Downloads
References
Augé, M. (1995). Non-Places Introduction to an Anthropology of Supermodernity. Verso.
Clark, E. (2014). Financialization, sustainability and the right to the island: A critique of acronym models of island development.
Journal of Marine and Island Cultures, 2(2), 1-9. https://doi.org/10.1016/j.imic.2013.10.001 DOI: https://doi.org/10.1016/j.imic.2013.10.001
Crosby, N., & Henneberry, J. (2016). Financialisation, the valuation of investment property and the urban built environment in
the UK. Urban Studies, 53(7), 1424-1441. https://doi.org/10.1177/0042098015583229 DOI: https://doi.org/10.1177/0042098015583229
Dalla Longa, R. (2023). The Financialization of Urban Infrastructure. In: Urban Infrastructure. Springer, Cham. https://doi. DOI: https://doi.org/10.1007/978-3-031-23785-0
org/10.1007/978-3-031-23785-0_6
Feng, Y., Wu, F., & Zhang, F. (2022). Changing roles of the state in the financialization of urban development through chengtou
in China. Regional Studies, 56(8), 1259-1270. https://doi.org/10.1080/00343404.2021.1900558 DOI: https://doi.org/10.1080/00343404.2021.1900558
Fields, D. (2015). Contesting the Financialization of Urban Space: Community Organizations and the Struggle to Preserve
Affordable Rental Housing in New York City. Journal of Urban Affairs, 37(2), 144–165. https://doi.org/10.1111/juaf.12098 DOI: https://doi.org/10.1111/juaf.12098
Fields, D., & Uffer, S. (2016). The financialisation of rental housing: A comparative analysis of New York City and Berlin. Urban
Studies, 53(7), 1486-1502. https://doi.org/10.1177/0042098014543704 DOI: https://doi.org/10.1177/0042098014543704
French, S., Leyshon, A., & Wainwright, T. (2011). Financializing space, spacing financialization. Progress in Human Geography,
(6), 798-819. https://doi.org/10.1177/0309132510396749 DOI: https://doi.org/10.1177/0309132510396749
Guironnet, A., Attuyer, K., & Ludovic, H. (2016). Building cities on financial assets: The financialisation of property markets
and its implications for city governments in the Paris city-region. Urban Studies, 53(7), 1442-1464. https://doi.
org/10.1177/0042098015576474
Harvi, D. (2013). Pobunjeni gradovi. Mediterran publishing. Novi Sad.
Hirt, S. (2009). Belgrade, Serbia. Cities, 26(5), 293-303. https://doi.org/10.1016/j.cities.2009.04.001 DOI: https://doi.org/10.1016/j.cities.2009.04.001
Jiang, Y., & Waley, P. (2022). Financialization of urban development in China: fantasy, fact or somewhere in between?, Regional
Studies. 56(8), 1271-1281. https://doi.org/10.1080/00343404.2021.1932792 DOI: https://doi.org/10.1080/00343404.2021.1932792
Ludovic, H., & Attuyer, K. (2016). Introduction: The financialisation of urban production: Conditions, mediations and
transformations. Urban Studies 53(7), 1347-1361. https://doi.org/10.1177/0042098016635420 DOI: https://doi.org/10.1177/0042098016635420
Marcinkoski, C. (2016). The City That Never Was. Princeton Architectural Press.
Reis, N., & Sánchez Trujillo, S. (2024). Landscapes of debt: Urban water supply and the production of space underNperipheral DOI: https://doi.org/10.1016/j.geoforum.2023.103935
financialization. Geoforum, 148, 103935.
Rutland, T. (2010). The Financialization of Urban Redevelopment. Geography Compass 4, 1167–1178. https://doi.org/10.1111/ DOI: https://doi.org/10.1111/j.1749-8198.2010.00348.x
j.1749-8198.2010.00348.x
Soules, M. (2014). Asset Urbanism: Ghosts, Zombies, and the Simultaneity of Amplified Growth and Decay. 102nd ACSA
Annual Meeting Proceedings. Globalizing Architecture/ Flows and Disruptions.
Theurillat, T. (2022). Urban growth, from manufacturing to consumption and financialization: the case of China’s contemporary
urban development. Regional Studies, 56(8), 1244-1258. https://doi.org/10.1080/00343404.2021.1901871 DOI: https://doi.org/10.1080/00343404.2021.1901871
Theurillat, T., Vera-Büchel, N., & Crevoisier, O. (2016). Commentary: From capital landing to urban anchoring: The negotiated
city. Urban Studies, 53(7), 1509-1518. https://doi.org/10.1177/0042098016630482 DOI: https://doi.org/10.1177/0042098016630482
Tong, L., Hu, S., Frazier, A. E., & Liu, Y. (2017). Multi-order urban development model and sprawl patterns: An analysis in
China, 2000–2010. Landscape and Urban Planning, 167, 386–398. https://doi.org/10.1016/j.landurbplan.2017.07.001 DOI: https://doi.org/10.1016/j.landurbplan.2017.07.001
Waley, P. (2013). Cities in transcontinental context: A comparison of mega urban projects in Shanghai and Belgrade. Spatium,
, 7-11. https://doi.org/10.2298/SPAT1330007W DOI: https://doi.org/10.2298/SPAT1330007W