Extracting Value from the City: Neoliberalism and Urban Redevelopment

By Rachel Weber. 2002

617 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Urban Studies

View Paper: https://www.semanticscholar.org/paper/865bc53c8e97c6bee52f952185a8d77f728c644d

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Citations in the corpus

Neoliberal Urban Policy and New Paths of Neighborhood Change in the American Inner City (2004, background): “Weber (2002) argues that cities in the USA are increasingly entrepreneurial in the context of globalization and the dismantling of the welfare state.”
The developmental state, speculative urbanisation and the politics of displacement in gentrifying Seoul (2016, background): “Speculation also becomes rampant as obsolescence becomes ‘a neoliberal alibi for creative destruction’, which concentrates on areas with the highest returns on investment in a market that has been increasingly entwined with the global financial capital (Weber, 2002: 532).”
Contesting the Financialization of Urban Space: Community Organizations and the Struggle to Preserve Affordable Rental Housing in New York City (2015, background): “With market liberalization deregulating the banking and finance industries and opening up global capital flows, financial markets and actors have become increasingly central to the workings of capitalism itself (Fine, 2009; Krippner, 2005; Stockhammer, 2010), and thus to the production of urban spac”
China's Emerging Neoliberal Urbanism: Perspectives from Urban Redevelopment (2009, background): “Increasingly neoliberalized urban redevelopment eagerly pursues private investment and value extraction, and thus has a preference for seeking short-term returns from subsidized real estate investment (Smith 2002; Weber 2002).”
Gentrification by Ground Rent Dispossession: The Shadows Cast by Large-Scale Urban Renewal in Santiago de Chile. (2010, background): “Meanwhile, the physical structure must remain and cannot be demolished until the invested capital has returned all its value, as the ‘accumulation process experiences uncomfortable friction when capital (i.e. “value in motion”) is trapped in steel beams and concrete’ (Weber, 2002: 519).”
Speculating on London's housing future (2016, background): “This ability to trade investments in property on global markets in the form of securities, derivatives and loan portfolios (Weber 2002; Gotham 2006) combined with the neo-liberal state’s marketisation mission that removed borders to capital mobility, withdrew from playing a strong direct or…”
Residential Redevelopment and the Entrepreneurial Local State: The Implications of Beijing’s Shifting Emphasis on Urban Redevelopment Policies (2009, background): “…that the property-led characteristic of urban regeneration has been strengthened due to the deepening process of globalisation as cities are driven to compete with each other to bid successfully for intergovernmental funding or “pin down increasingly fleetfooted capital” (Weber, 2002, p. 531).”
Municipal statecraft (2018, background): “…in ‘municipal capitalism’ (Chapin, 2002), such that ‘just as flexible accumulation looks more to finance capital than the Fordist firm did, entrepreneurial states rely more heavily on the markets in public debt and private equities in real estate than did the Keynesian state’ (Weber, 2002: 536).”
The financialisation of rental housing: A comparative analysis of New York City and Berlin (2016, background): “…City and Berlin In the 1980s, the rise of financial services, an expanded real estate industry, and state redevelopment of city centers began making urban real estate more amenable to capital flows, leading to theorizations of ‘land as a financial asset’ (Harvey, 1982; Haila, 1988; Weber, 2002).”