The Suburb as a Space of Capital Accumulation: The Development of New Towns in Shanghai, China
158 citations recorded by the source corpus.
Drawing attention to the governing role of capital accumulation and its interaction with the state, this study examines the dynamics of the new wave of suburbanization in China, which is characterized by the development of new towns. New towns essentially function as a spatial fix in China’s contemporary accumulation regime. Rather than resulting from capital switching from the primary to the secondary circuits, new towns help to collect funds for the leverage of industrial capital and thus simultaneously sustain both circuits. Meanwhile, the development of new towns is also a process of territorial development, in which municipal governments expand the space of accumulation under strengthened fiscal and land controls and develop a metropolitan structure. Underlying the specific form and dynamics, however, is the worldwide trend of capital switching from declining manufacturing industries in developed countries to the new investment frontier in developing countries.
Subfields: Political Science and International Relations, Urban Studies
View Paper: https://www.semanticscholar.org/paper/cbe05ced9bfac9875af05d1caecfee8f35fc1b6d
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In Political Science and International Relations
In Urban Studies
Citations in the corpus
- From cities to super mega city regions in China in a new wave of urbanisation and economic transition: Issues and challenges (2020, background): “The increasing autonomy of local governments in land management launched a new wave of development of sub-central areas since the late 1990s (Shen and Wu, 2016), partly through administrative annexation (Zhang and Wu, 2006).”
- Planning centrality, market instruments: Governing Chinese urban transformation under state entrepreneurialism (2018, background): “Their development also represents a financialised approach to urban development (Theurillat, 2017), which facilitates capital accumulation (Shen and Wu, 2017).”
- Land financialisation and the financing of urban development in China (2019, background): “Instead of seeking urban sprawl as in the earlier stage, new land development often takes a compact form through transit-oriented development (TOD) and new towns (Shen & Wu, 2017; Shen and Wu, 2019).”