Financialization And Local Statecraft

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Financialization And Local Statecraft

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Author : Andy Pike
language : en
Publisher: Oxford University Press
Release Date : 2023

Financialization And Local Statecraft written by Andy Pike and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with Business & Economics categories.

This book explores the ways in which local governments in England reacted to the UK government's austerity measures after the 2008 crash. Andy Pike examines how local statecrafters act in a variety of realms, and questions the sustainability and resilience of the local state in the longer term.

Financialization And Local Statecraft

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Author : Andy Pike
language : en
Publisher: Oxford University Press
Release Date : 2023-08-01

Financialization And Local Statecraft written by Andy Pike and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-08-01 with Business & Economics categories.

The UK government reduced expenditure and introduced local financial self-sufficiency in pursuing austerity after the 2008 crash, forcing local governments in England to find savings and new income sources to close funding gaps. As new financial strategies and practices were devised, 'councillors at the casino' were characterized as taking risks with local taxpayers' money and jeopardizing local public service provision. Looking beyond the high-profile cases in an internationally resonant local public sector reform laboratory, Financialization and Local Statecraft examines the wider landscape across local government in England since 2010, which comprises a local tier of over 300 governments managing £100bn of revenue expenditure, employing almost 1.5 million people, and providing services to over 56 million people across the country. Andy Pike draws on a new local statecraft theory to explain how local statecrafters act in realms including financial strategies and risks, external advice, borrowing and debt management, and in and out-of-area activities. The framework reveals and accounts for their vanguard, intermediate, and long tail approaches with differing engagements with financialization. While limited within the overall landscape, such relations and UK government policy are rewiring and rescaling local statecraft and relocating risks and uncertainties onto local government and the wider local state. UK government policy and the extension and intensification of financialization expose the local state's financial sustainability and resilience in the longer term. They raise fundamental questions about what local government is for and how it should be funded. The erosion of local accountability of local statecraft in financialization risks creating a de-politicized and post-democratic local governance.

Financialising City Statecraft And Infrastructure

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Author : Andy Pike
language : en
Publisher: Edward Elgar Publishing
Release Date : 2019

Financialising City Statecraft And Infrastructure written by Andy Pike and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with Business & Economics categories.

Financialising City Statecraft and Infrastructure addresses the struggles of national and local states to fund, finance and govern urban infrastructure. It develops fresh thinking on financialisation and city statecraft to explain the socially and spatially uneven mixing of managerial, entrepreneurial and financialised city governance in austerity and limited decentralisation across England. As urban infrastructure fixes for the London global city-region risk undermining national ‘rebalancing’ efforts in the UK, city statecraft in the rest of the country is having uneasily to combine speculation, risk-taking and prospective venturing with co-ordination, planning and regulation.

Municipalities In Financial Distress

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Author : Eugenio Vaccari
language : en
Publisher: Edward Elgar Publishing
Release Date : 2025-03-12

Municipalities In Financial Distress written by Eugenio Vaccari and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-03-12 with Law categories.

This is an open access title available under the terms of a CC BY-NC-ND 4.0 License. It is free to read, download and share on Elgaronline.com. This timely book argues that long-term recovery and sustainability for municipalities in financial distress requires a modularly tailored decision-making process, incorporating environmental, social, and governance (ESG) considerations.

Embedded Autonomy

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Author : Kevin Muldoon-Smith
language : en
Publisher: Springer Nature
Release Date : 2024-12-04

Embedded Autonomy written by Kevin Muldoon-Smith and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-12-04 with Political Science categories.

This book addresses the sustained failure to properly fund local government in England. While there has been plenty of rhetoric and policy initiatives around devolution of power to local authorities in recent decades, continuing recently with the English Devolution Bill, there has been far less attention paid to how these endeavours will be practically delivered and, most importantly, funded. In this context, the motivation in this book is to consider how local government in England could be funded differently. How can the continual hand to mouth existence of local authorities, and those that work to support them, be improved? Drawing on a system-based analysis of international local government practice, the authors develop a new theory of embedded autonomy to help understand and frame how local government can be funded effectively in England.

New Perspectives On Intergovernmental Relations

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Author : Sabine Kuhlmann
language : en
Publisher: Springer Nature
Release Date : 2024-07-31

New Perspectives On Intergovernmental Relations written by Sabine Kuhlmann and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-07-31 with Political Science categories.

This open access book assesses the consequences of contemporary economic and political crises for intergovernmental relations in Europe. Focusing on the crises arising from the Covid-19 pandemic, climate change, surges in migration, and the resurgence of regional nationalist movements, it explores the shifting power balances within intergovernmental relations’ systems. The book takes a comparative analytical perspective on how intergovernmental relations are changing across Europe, and how central governments have responded to coordination challenges as recent crises have disrupted established service delivery chains and their underpinning political and bureaucratic arrangements. It also examines the relationship between recent crises and the sub-national resurgence of territorial politics in many European countries. The book will appeal to those with interests in public administration, sub-national governance and European politics.

Global Development And Environment

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Author : Joe Williams
language : en
Publisher: Policy Press
Release Date : 2025-05-19

Global Development And Environment written by Joe Williams and has been published by Policy Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-05-19 with Business & Economics categories.

Available open access digitally under CC-BY licence. Development and environmental challenges are often framed at the global or planetary scale, but in a vague or apolitical manner. This book develops a theoretically rigorous and politicized concept of the planetary to intervene in contemporary debates on global development and to enhance our critical understanding of development as we approach the second quarter of the twenty-first century. Chapters explore key themes and processes including urbanization, demographic change, health, financialization, and infrastructure development. Referencing diverse cases and examples drawn from across the world, the book argues that the futures of global development are inseparable from environmental challenges and transformations.

Disrupting The Speculative City

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Author : Amy Horton
language : en
Publisher: UCL Press
Release Date : 2024-09-24

Disrupting The Speculative City written by Amy Horton and has been published by UCL Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-09-24 with Political Science categories.

In 2011, police violence triggered an uprising in Tottenham that laid bare decades of neglect and state violence against the area’s racialised communities. In its aftermath, local leaders and corporate developers devised an aggressive redevelopment agenda that would have demolished the homes, workspaces and communities of thousands of council tenants, private renters and traders. Their plan was to transform Tottenham and surrounding areas from a diverse working-class place to a space for wealthy investors, residents and consumers. Available as a free open access download and in print, Disrupting the Speculative City tells the story of how a community coalition defeated one of the most ambitious programmes of state-led gentrification in London. Known as the ‘Haringey Development Vehicle’ (HDV), it would have been executed through an undemocratic and speculative joint venture between the local council and the notorious international developer Lendlease. Thanks to the political creativity, tactical nous and extraordinary commitment of ordinary people, the HDV was scrapped by the local council in 2018. Drawing on the accounts of those at the heart of the struggle and analysing crucial developments in property investment, local statecraft and grassroots organising, this book explores a significant and inspirational success for campaigners in London, where social cleansing has become the default outcome of redevelopment. Praise for Disrupting the Speculative City 'This book successfully combines rigorous research and political clarity. Through their chronicle of an important urban struggle in North London, the authors speak to broader issues about power, politics and development. The book will be of interest to students and scholars of urban planning, urban geography and social movements, as well as to anyone trying to understand the contradictions of urbanism today.' David Madden, LSE 'This important book narrates how a grassroots campaign successfully fought off one of the most appalling mega-gentrification schemes in London. It makes clear that the fight was not simply political – Momentum versus New Labour in Haringey – but a coming together of a broad coalition of people who used practices and tactics that will be of real value in other anti-gentrification struggles locally, nationally and globally.' Loretta Lees, Boston University 'Disrupting the Speculative City represents an inspirational major contribution to urban regeneration scholarship in relation to understanding how and why grassroots’ activists were able to successfully mount the StopHDV campaign in north London.' Paul Watt, LSE

Governing Urban Development In China

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Author : Fulong Wu
language : en
Publisher: Taylor & Francis
Release Date : 2024-12-17

Governing Urban Development In China written by Fulong Wu and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-12-17 with Science categories.

The book investigates urban development and governance in China and introduces China perspectives to the understanding of governing urban development in the 21st century. Building upon a rich and burgeoning literature on China, the book explains major changes in governance, offers a well-synthesized account of state-centered governance, and provides in-depth discussions on urban governance, city and regional planning, financing and financialization, urban redevelopment, local economic development and innovation, and environmental governance. The book bridges theoretical concepts in critical urban studies and empirical research on China and thus depicts a fuller picture of changing and variegated urban governance in the contemporary world. The book theorizes Chinese urban governance from the ground up and derives a concept of state entrepreneurialism as a framework for narrating urban governance in China. Following this framework, each chapter begins with a brief introduction to key concepts in urban geography and then depicts the urban development process on the ground in China. Then, the chapters discuss these concepts and explanations because many are derived from a different context, often in Western economies. At the end of each chapter, the phenomenal urban changes are evaluated with their theoretical implications. This book offers contextualized insights into critical geographical studies of urban governance and is the first essential complementary reading for both urban scholars and those exploring the geography of China. It will be of interest to students and researchers in Urban Geography, Urban Studies, Urban Planning, Sociology, Political Science, and China Studies. The book can also be complementary reading in China Studies, especially in governance and politics.

Adam Smith In Beijing

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Author : Giovanni Arrighi
language : en
Publisher: Verso Books
Release Date : 2020-05-05

Adam Smith In Beijing written by Giovanni Arrighi and has been published by Verso Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-05 with Political Science categories.

In the late eighteenth century, the political economist Adam Smith predicted an eventual equalization of power between the West and the territories it had conquered. In this magisterial new work, Giovanni Arrighi shows how China's extraordinary rise invites us to reassess radically the conventional reading of The Wealth of Nations. He examines how recent US attempts to create the first truly global empire were conceived to counter China's spectacular economic success Now America's disastrous failure in Iraq has made the People's Republic of China the true winner in the US War on Terror. China may soon become again the kind of noncapitalist market economy that Smith described, an event that will reconfigure world trade and the global balance of power.