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Author: Andy Pike
Publisher: Oxford University Press
ISBN: 0192856669
Category : Business & Economics
Languages : en
Pages : 289
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Book Description
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.
Author: Andy Pike
Publisher: Oxford University Press
ISBN: 0192856669
Category : Business & Economics
Languages : en
Pages : 289
Get Book Here
Book Description
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.
Author: Andy Pike
Publisher: Oxford University Press
ISBN: 0192670638
Category : Business & Economics
Languages : en
Pages : 289
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Book Description
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.
Author: Andy Pike
Publisher: Edward Elgar Publishing
ISBN: 1788118952
Category : Business & Economics
Languages : en
Pages : 294
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Book Description
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.
Author: Edward Ludwig Glaeser
Publisher: Oxford University Press
ISBN: 019929044X
Category : Business & Economics
Languages : en
Pages : 284
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Book Description
220 million Americans crowd together in the 3% of the country that is urban. 35 million people live in the vast metropolis of Tokyo, the most productive urban area in the world. The central city of Mumbai alone has 12 million people, and Shanghai almost as many. We choose to live cheek by jowl, in a planet with vast amounts of space. Yet despite all of the land available to us, we choose to live in proximity to cities. Using economics to understand this phenomenon, the urban economist uses the tools of economic theory and empirical data to explain why cities exist and to analyze urban issues such as housing, education, crime, poverty and social interaction. Drawing on the success of his Lindahl lectures, Edward Glaeser provides a rigorous account of his research and unique thinking on cities. Using a series of simple models and economic theory, Glaeser illustrates the primary features of urban economics including the concepts of spatial equilibrium and agglomeration economies. Written for a mathematically inclined audience with an interest in urban economics and cities, the book is written to be accessible to theorists and non-theorists alike and should provide a basis for further empirical work.
Author: Sabine Kuhlmann
Publisher: Springer Nature
ISBN: 3031617908
Category :
Languages : en
Pages : 227
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Book Description
Author: Amy Horton
Publisher: UCL Press
ISBN: 180008708X
Category : Political Science
Languages : en
Pages : 188
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Book Description
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
Author: Sarah L. Quinn
Publisher: Princeton University Press
ISBN: 0691185611
Category : Political Science
Languages : en
Pages : 310
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Book Description
How the American government has long used financial credit programs to create economic opportunities Federal housing finance policy and mortgage-backed securities have gained widespread attention in recent years because of the 2008 financial crisis, but issues of government credit have been part of American life since the nation’s founding. From the 1780s, when a watershed national land credit policy was established, to the postwar foundations of our current housing finance system, American Bonds examines the evolution of securitization and federal credit programs. Sarah Quinn shows that since the Westward expansion, the U.S. government has used financial markets to manage America’s complex social divides, and politicians and officials across the political spectrum have turned to land sales, home ownership, and credit to provide economic opportunity without the appearance of market intervention or direct wealth redistribution. Highly technical systems, securitization, and credit programs have been fundamental to how Americans determined what they could and should owe one another. Over time, government officials embraced credit as a political tool that allowed them to navigate an increasingly complex and fractured political system, affirming the government’s role as a consequential and creative market participant. Neither intermittent nor marginal, credit programs supported the growth of powerful industries, from railroads and farms to housing and finance; have been used for disaster relief, foreign policy, and military efforts; and were promoters of amortized mortgages, lending abroad, venture capital investment, and mortgage securitization. Illuminating America’s market-heavy social policies, American Bonds illustrates how political institutions became involved in the nation’s lending practices.
Author: Allen J. Scott
Publisher: OUP Oxford
ISBN: 0191558001
Category : Science
Languages : en
Pages : 192
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Book Description
This book focuses on the theme of the mutually constitutive relations between geographic space and the economic order. Three principle lines of investigation are identified and explored. First, Allen J. Scott sketches out the general theory of the division of labour and the ways in which it is reflected in geographic patterns of specialization and interaction. He examines, in particular, the role of the division of labour in the formation of large-scale agglomerations of economic activity and the ways in which their internal and external relationships are played out. Second, he considers the structure of geographic space as a fountainhead of creativity, learning, and innovation. A theory of the creative field is presented, and its application to the investigation of entrepreneurship, technological change, and the dynamics of the cultural economy is considered. Third, he offers an account of the regional question in less developed parts of the world. Here, he recovers some of the arguments of high development theory and shows how they can be revitalized in the light of a specifically geographic approach. These three lines of investigation are, of course, tightly intertwined with one another. The argument in general demonstrates that geographic space is not just an inert dimension in which the economy unfolds, but plays an active role in the eventuation of economic outcomes. This state of affairs raises many difficult policy questions about growth and development in both more and less economically advanced countries. Some of the more important of these questions are also broached in the book.
Author: Christopher Hood
Publisher: Oxford University Press
ISBN: 019926967X
Category : Business & Economics
Languages : en
Pages : 235
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Book Description
The traditional understandings that structure the relationships between public servants and the wider political system are said to have undergone considerable change. But what are these formalized and implicit understandings? What are the key dimensions of such bargains? In what conditions do bargains rise and fall? And has there been a universal and uniform change in these bargains?The Politics of Public Service Bargains develops a distinct perspective to answer these questions. It develops a unique analytical perspective to account for diverse bargains within systems of executive government. Drawing on comparative experiences from different state traditions, this study examines ideas and contemporary developments along three key dimensions of any Public Service Bargain - reward, competency and loyalty and responsibility.The Politics of Public Service Bargains points to diverse and differentiated developments across national systems of executive government and suggests how different 'bargains' are prone to cheating by their constituent parties. This study explores the context in which managerial bargains - widely seen to be at the heart of contemporary administrative reform movements - are likely to catch on and considers how cheating is likely to destabilize such bargains.
Author: Philip McCann
Publisher: Oxford University Press, USA
ISBN: 0199582009
Category : Business & Economics
Languages : en
Pages : 433
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Book Description
The second edition of this accessible text provides an integrated framework of the study of urban and regional economics. It offers a concise and up-to-date introduction to the main foundational models, principles, and theories of the subject, and uses a range of international examples to illustrate ideas.
