Architecture,Economic Imaginaries and Urban Politics: The Office Tower as Socially Classifying Device

In recent studies on the role of architecture in urban restructuring, city marketing and the related struggles for meaning, there has been a focus on high‐profile architects and iconic architecture. In this article I wish to examine architecture and building types as ‘socially signifying devices’, in order to take more everyday buildings and their images into account as well. Using Vienna as a case study, I explore how the commercial office tower is utilized to represent the internationalization of the local economy and render new urban political‐economic strategies socially meaningful. This is done by examining recent shifts in urban policy, and the means, channels and practices of discursive and visual representation of the local office architecture. Connecting the concept of economic imaginaries from cultural political economy (CPE) with a sociological approach to building types, I argue that economic imaginaries gain in plausibility if they are discursively and visually anchored in urban space. However, it is also shown that this kind of spatialization of new economic imaginaries is constructed on a selective visual representation of buildings: the assignment of international economic activities to local office towers is revealed to be only partially true in the case of Vienna.     

Forefronts of the Sharing Economy: Uber in Cape Town

The sharing economy, often phrased as ‘platform capitalism’, enables firms such as Uber and Airbnb to monetize, through specific technologies of mediation, the networks, the assets and the precarious labour of those who are described as ‘the entrepreneurs of sharing’. This article explores the urban geographies of ride‐sharing in the marketization of Uber in Cape Town, South Africa. I use empirical evidence collected during the first phase of its operations in the city, between 2013 and 2015, to show how Uber relied upon the developmental entrepreneurialism of Cape Town to embed its ride‐sharing market locally, and how the drivers enacted multiple technical, economic and ethical regimes within and without the constraints of the software platform. The research presented in this article thus contributes to understanding how the discourses of millennial development, with its promises of entrepreneurial empowerment, are adopted by global sharing‐economy firms to enact their markets in the global South. It also reveals how a different genealogy of Uber's urban transactions offers an alternative perspective on the normative rationalities of the sharing economy and on the diverse economies that exist in relation to platform capitalism in the global South.     

How Culture and Economy Meet in South Korea: The Politics of Cultural Economy in Culture‐led Urban Regeneration

This article investigates the ways in which cultural economy is formed through negotiation and interaction between local actors in the case of culture‐led regeneration in Gwangju, South Korea. It looks at the dynamics between the bureaucrats' pursuit of economic growth in the city and the efforts of civil society to maintain a strong political spirit throughout the regeneration process. Through in‐depth interviews with various participants and archival analysis, the politics of cultural economy are examined in relation to the Gwangju Biennale and the City of Culture project. The findings show that in these two cases bureaucrats were the dominant force, a tendency that instrumentalized culture. They also illustrate that this dominance brought about resistance from civil society. However, in the process of both engaging in conflict and working with each other, the different discourses of economic growth and cultural meaning were integrated, and in the process mutual learning and adaptation took place among members of the two groups. Civil society also faced cleavages resulting from different approaches to how to collaborate with the bureaucrats and its ensuing self‐reflection on communicative value enhanced its rehabilitation. The article argues that the politics of cultural economy is dynamic, involving processes of renegotiation, adaptation and self‐realization. It also offers the possibility of a new arena for the public sphere. Civil society plays a critical role in the integration of culture and economy.     

To bail-out or to bail-in? Answers from an agent-based model

Since the beginning of the 2008 financial crisis almost half a trillion euros have been spent to financially assist EU member states in taxpayer-funded bail-outs. These crisis resolutions are often accompanied by austerity programs causing political and social friction on both domestic and international levels. The question of how to resolve failing financial institutions, and how this depends on economic preconditions, is therefore a pressing and controversial issue of vast political importance. In this work we employ an agent-based model to study the economic and financial ramifications of three highly relevant crisis resolution mechanisms. To establish the validity of the model we show that it reproduces a series of key stylized facts of the financial and real economy. The distressed institution can either be closed via a purchase & assumption transaction, it can be bailed-out using taxpayer money, or it may be bailed-in in a debt-to-equity conversion. We find that for an economy characterized by low unemployment and high productivity the optimal crisis resolution with respect to financial stability and economic productivity is to close the distressed institution. For economies in recession with high unemployment the bail-in tool provides the most efficient crisis resolution mechanism. Under no circumstances do taxpayer-funded bail-out schemes outperform bail-ins with private sector involvement.     

Neoliberal Urbanism Redux?

Neoliberalization processes have been reshaping the landscapes of urban development for more than three decades, but their forms and consequences continue to evolve through an eclectic blend of failure and crisis, regulatory experimentation, and policy transfer across places, territories and scales. The proliferation of familiar neoliberal discourses and policy formulations in the aftermath of the 2007‐09 world financial crisis masks evidence of more deeply rooted transformations of policies, institutions and spaces that continue to combatively remake terrains of urban development. Accordingly, the critical intellectual project of deciphering the problematic of neoliberal urbanism must continue to evolve. This essay outlines some of the methodological and political challenges associated with (re)constructing a ′moving map′ of post‐crisis neoliberalization processes. We affirm a form of critical urban theory that adopts a restlessly antagonistic stance towards orthodox urban formations and their dominant ideologies, institutional arrangements and societal effects, tracking their endemic policy failures and crisis tendencies while at the same time demarcating potential terrains for heterodox, radical and/or insurgent theories and practices of emancipatory social change.     

Tainted museums: ‘selling out’ cultural institutions

• This paper examines the role of museums as repositories of cultural meaning and symbolic capital. As educational and cultural institutions, museums serve to legitimise works of art within the frame of an art historical context. However, our comparative case study reveals how the taken‐for‐granted role of the museum as an allegedly unbiased platform for disseminating the arts can be usurped for economic or political ends. Using the cultural settings of the Hong Kong Museum of Art and the Venezuelan art museum circuit, we examine via our case studies how legitimation in the arts may be jeopardised or misused if and when cultural institutions succumb to commercial and political pressures. By adopting a qualitative research design, we observe the macro‐context in which institutional roles are defined and played out, and demonstrate the ideological discourses at play in the role of these cultural institutions as meaning‐makers. Although they may be presented as neutral spaces, museums inadvertently serve to circulate socio‐political views. How the institution manages these views and unavoidable macro‐level forces will in turn influence the cultural credibility of the museum framework as a legitimising force on the cultural horizon. Attention is devoted to how these pressures can affect the production and consumption of art, offering an alternative perspective on the development of museum policies.

Copyright © 2015 John Wiley & Sons, Ltd.     

Financialization,Urban Governance and the Planning System: Utilizing ‘Development Viability’ as a Policy Narrative for the Liberalization of Ireland's Post‐Crash Planning System

Drawing upon the Irish case, this article explores the interaction between the financialized economy and the urban planning system. While considerable scholarship has examined the financialization of real estate, it remains unclear how planning systems are being repurposed to facilitate a finance‐led regime of urban growth or how the ‘real estate–financial complex’ seeks to enact planning policy transformations that support its interests. This article explores how such actors have advanced the concept of ‘financial viability of development’ as a means of influencing the post‐crisis re‐regulation of Irish planning policy. This group has argued that housing construction in post‐crash Ireland is unviable given the high development finance costs, onerous planning gain contributions and the lack of development certainty in the planning process. As such, housing construction has been at an all‐time‐low, leading to a new crisis in affordable housing provision. In response, a complicit state has further liberalized the planning system, introducing an array of policies that are evermore facilitative of development interests. Empirical findings, based on interviews with developers, lobbyists and planners, emphasize the importance of informal access to policymakers, the wielding of ‘expert knowledge’ and media management to co‐opt the state into adopting financial viability within planning policymaking.     

The Financial Crisis and the Hegemony of Urban Neoliberalism: Lessons from Frankfurt am Main

In view of debates among critical urban scholars regarding the relationship between the current economic crisis and the stability of neoliberal hegemony on the urban scale, this article analyzes (1) the impact of the economic recession on the city of Frankfurt am Main, and (2) whether urban politics in the German financial center will witness a new phase of post‐neoliberalization. Statistical analyses of the local labor and property markets and of municipal budget trends reveal that the implications of the current crisis are relatively limited, especially when compared to the dot.com crisis in the early 2000s. Furthermore, a discourse analysis of the debates in the Frankfurt City Council between 2008 and 2010, supplemented by interviews with local political elites, shows that neoliberal hegemony remains stable and powerful regardless of the deep economic decline and a short period of uncertainty and intensive hegemonic struggles. In my analysis I focus on the power of neoliberal subjectivity and knowledge production in order to try and explain the deepening of the general consensus among local elites by demonstrating that a broad majority of actors from different political parties interprets the crisis within a neoliberal rationality.     

‘Totally Un‐Australian!’: Discursive and Institutional Interplay in the Melbourne Port Dispute of 1997–98*

ABSTRACT We examine how discourses are mobilized and deployed by actors in an inter‐organizational domain during a critical industrial relations event. We identify the ways that business interests and union interests in the Melbourne Port industrial dispute of 1997–98 related to each other. We weave concepts from domain theory and organizational discourse theory in deriving the concept of the discursively ordered domain. This suggests that the main processes that occur in a domain are actors’‘mapping’ texts onto discourses and discourses onto interpretive schemes which make certain courses of action rational and sensible. Methodologically, we join an institutional‐historical analysis and a text‐based discourse analysis to gain a well‐rounded understanding of the situation. We extract several discursive frameworks which the major actors mobilized to make sense of the situation, and draw linkages to the actions that those positions made possible. The main findings are that actors in the two networks performed complex mapping in different ways, the material and symbolic outcomes of the dispute are products of those mapping processes, and the material and discursive aspects of the domain interweave. We discuss the value of the concept of discursively ordered domain for mutually enriching domain theory and discourse analysis and for understanding critical events such as major industrial disputes in new ways.     

Institutionalization and Depoliticization of the Right to the City: Changing Scenarios for Radical Social Movements

The right to the city, a concept previously associated with radical social movements, has been accepted by several governments and has inspired new public policies. However, some authors see this process of institutionalization as involving a loss of a significant part of the radical origins of the concept. This article approaches this process and the new opportunities and limitations it may entail for social movement organizations with a more radical perspective on the right to the city. We explore the paradigmatic case of Brazil and the action of a particular organization, the Movimento dos Sem Teto da Bahia (MSTB, or Homeless Movement of Bahia) in the city of Salvador. We draw on the discussion of the politics of the right to the city and on an original combination of social movement theories and critical discourse analysis in order to analyse political‐institutional and discursive changes in urban reform in Brazil and Salvador. We then analyse how the MSTB moves within this new context, navigating its tensions and contradictions while advancing a radical project of transformation of urban reality within a reformist context. We also reflect on the relevance of Lefebvrian ideas for understanding and inspiring contemporary struggles for the right to the city.     

金融危机对中国城市经济的影响及其应对

文章全面分析了金融危机对我国城市经济的影响,指出中国城市经济发展已经进入到一个重要的转型时期.面对金融危机的挑战,必须把短期启动和可持续发展统一起来,从需求和供给两方面入手,着力解决制约城市经济发展的一些深层次问题.加快推动城市经济转型升级.     

Engineering the Financialization of Urban Entrpreneurialism: The JESSICA Urban Development Initiative in the European Union

Urban entrepreneurialism and neoliberal urban governance are assuming new forms under finance‐dominated accumulation. We examine and contribute to theorizing the mechanisms through which urban governance is financialized, taking as a case study JESSICA, one of the European Union's initiatives to implement an ‘urban sensitive’ policy for sustainable and integrated development. Like other initiatives promoting financialization, JESSICA deploys the logic of finance to select and fund urban social initiatives and development projects on the basis of their potential return on investment (ROI). Understanding this process requires placing questions of political economy—how urban governance is shaped by the broader political‐economic context—with questions of governmentality—how stakeholders are enrolled in and come to take for granted new governance initiatives. Following the multi‐scalar institutional infrastructure is crucial to understanding how this works. Taking a relational multi‐scalar approach, we trace how changes at the supranational scale filter down to shape urban policy selection and performance in Sofia, Bulgaria, where we document how ROI calculations conflict with social welfare priorities. Contrasts between the trajectory of financialization of urban governance in the European Union and the United States demonstrate how this is geographically variegated, shaped by the broader context/conjuncture within which such financialization is embedded.     

‘It's Not Going to be Suburban,It's Going to be All Urban’: Assembling Post‐suburbia in the Toronto and Chicago Regions

Urban and suburban politics are increasingly intertwined in regions that aspire to be global. Powerful actors in the Chicago and Toronto regions have mobilized regional space to brand rescaled images of the urban experience, but questions remain as to who constructs and who can access the benefits of these revised spatial identities. Local political interests have tended to be obfuscated in the regional milieu, most problematically in the spaces between the gentrified inner cities, privileged growth nodes, and the glamorized suburban subdivisions and exurban spaces beyond the city limits. This article analyses how socio‐spatial changes in post‐suburbanizing urban fringes contribute to the way regions are being reconfigured and reimagined. Guided by current debates at the intersection of assemblage theory and critical urban political economy, our analysis demonstrates how socio‐technical infrastructures, policy mobilities and political economic relations are spatially aligned, sustained and dissolved in splintering North American agglomerations. Particular attention is paid to issues of urban transportation and connectivity in uncovering multifaceted modes of suburbanism that now underlie the monistic imagery of the globalized region. Emergent regionalized topologies and territoriality blur conventional understandings of city–suburban dichotomies in extended urban areas that are now characterized by polycentric post‐suburban constellations. In terms of their substance and functionality, ‘real existing' regions are currently re‐territorialized as complex assemblages that are embedded in a neoliberalizing political economy whose politics and identities are only beginning to be revealed.     

From National Service to Global Player: Transforming the Organizational Logic of a Public Broadcaster

We present organizational logics as a meso‐level construct that lies between institutional theory's field‐level logics and the sense‐making activities of individual agents in organizations. We argue that an institutional logic can be operationalized empirically using the concept of a discourse – that is, a coherent symbolic system articulating what constitutes legitimate, reasonable, and effective conduct in, around, and by organizations. An organization may, moreover, be simultaneously exposed to several institutional logics that make up its broader ideational environment. Taking these three observations together enables us to consider an organizational logic as a spatially and temporally localized configuration of diverse discourses. We go on to show how organizational logics were transformed in the Australian Broadcasting Corporation between 1953 and 1999 by examining the changing discourses that appeared in the Corporation's annual reports. We argue that these discourses were modified through three main forms of discursive agency: (1) undertaking acts of ironic accommodation between competing discourses; (2) building chains of equivalence between the potentially contradictory discourses; and (3) reconciling new and old discourses through pragmatic acts of ‘bricolage’. We found that, using these forms of discursive agency, a powerful coalition of actors was able to transform the dominant organizational logic of the ABC from one where the Corporation's initial mission was to serve national interests through public service to one that was ultimately focused on participating in a globalized media market. Finally, we note that discursive resources could be used as the basis for resistance by less powerful agents, although further research is necessary to determine exactly how more powerful and less powerful agents interact around the establishment of an organizational logic.     

Struggling with Meaningfulness when Context Shifts: Volunteer Work in a German Refugee Shelter

This article draws on an ethnographic study of volunteer work in a German refugee shelter to explore how individual experiences of meaningfulness are intertwined with shifting discursive and organisational contexts. At the beginning of the so‐called refugee crisis, societal discourses portrayed this volunteer work as extraordinarily meaningful – a state we capture through the metaphor of ‘overflow’. This ‘overflow’ mobilised volunteers and was an important point of reference for framing their work experiences as meaningful. Later, shifting discursive and organisational contexts challenged their framings. Instead of letting go, however, the ‘overflow’ triggered volunteers to reframe their experience in dysfunctional ways in order to sustain their sense of meaningfulness. This paper reveals how shifting societal discourses feed into individual experiences of meaningfulness, shows how individuals may respond to such shifts in problematic ways and theorises the nature of such shifts in drawing on Swidler’s notion of settling contexts.     

虚拟经济与金融危机防范

随着经济的发展,逐渐出现了虚拟经济,全球经济虚拟化程度也不断加深。虚拟经济不但是社会经济发展的产物,也对社会经济增长做出了巨大的贡献。但是,虚拟经济不健康发展也对社会经济产生了负面影响——频繁爆发的金融危机日益危害着全球经济。本文试图从虚拟经济的本质方面阐明金融危机爆发的根源,以及如何防范金融危机。     

The Political Economy of Urban Ruins: Redeveloping Shanghai

This essay analyzes the political economy of the urban ruins captured in Greg Girard's photo album Phantom Shanghai. Rather than being marginal, irrelevant or merely objects for nostalgia, the ruins of buildings produced by real estate speculation offer crucial insights into the workings of the urban political economy and reflect wider trends of urban governance. Examining how building ruins come about in the first place and how they are represented in visual media can help us better understand the processes of urbanization and place making, and the central role of destruction in contemporary Chinese urbanism. This essay illustrates this point by analyzing the economic function, political legitimation and cultural significance of demolitions and ruins in urban China.     

全球金融危机对中国物流行业的影响及对策研究

由2007年美国次贷危机导致的全球性金融危机,并逐步向实体经济渗透,引发了全球性的经济危机。这次全球金融危机对我国快速发展的物流业的影响很大,由于现在金融危机致使全球经济不景气而对物流产业产生的负面影响和从这次金融危机的产生原因来总结出我国物流产业应怎样避免类似的问题,对将来物流业的发展敲响了警钟。文中根据官方及行业协会提供的大量资料,结合深入的市场调查,分析了当前金融危机对物流行业的影响,并对未来中国物流行业发展的整体环境及发展趋势进行探讨和研究,在分析、预测的基础上,制定了物流行业今后的发展策略。     

Adoption and Coverage of Performance‐Related Pay during Institutional Change: An Integration of Institutional and Agency Theories

Whether or not to adopt and how extensively to use a newly legitimized practice are discrete decisions made by firms undergoing institutional change. The aim of this paper is to identify the distinct effects of economic, social, and political factors on the adoption of performance‐related pay practices and their coverage (i.e. the proportion of employees covered by the practices) by integrating institutional and agency theories. An empirical analysis is performed with a unique sample of Korean firms that experienced the East Asian financial crisis of 1997. The results show that while performance‐related pay adoption was influenced by economic and social factors, performance‐related pay coverage was related to political factors as well as economic and social factors. This finding suggests that while firms adopt performance‐related pay practices in search of legitimacy, they do not blindly imitate such practices but rather proactively adapt them based on economic efficiency considerations. This study makes valuable contributions to research on institutionalism and remuneration by empirically identifying the conditions under which a pay practice adopted for social legitimacy fits or fails to fit the economic needs of the adopters.     

DO CRISES INDUCE REFORM? A CRITICAL REVIEW OF CONCEPTION,METHODOLOGY AND EMPIRICAL EVIDENCE OF THE ‘CRISIS HYPOTHESIS’

The notion that economic crises induce the adoption of reform ranks among the most widely accepted concepts in the political economics literature. However, the underlying mechanism of the so‐called ‘crisis hypothesis’ has yet to be fully understood. This paper provides a comprehensive survey of the relevant empirical evidence to date, and scrutinizes the operationalization of the hypothesis’ key concepts: crisis, reform and the political mediation of reform during crises. We argue that the social perception of both crises and the subsequent cost of reform requires consideration of how these concepts are operationalized. As a product of the broader economic and institutional environment, social perceptions largely determine the manner in which the political mediation of reform during crises works. Present‐day methodological approaches fail to adequately reflect social perceptions and consequently compromise the determination of what constitutes both crisis and the cost of reform in the context of the crisis hypothesis. Most notably, the identification of crises by fixed thresholds constructed around macroeconomic variables impedes the interpretation of the hypothesis’ underlying mechanism. A fuller treatment of social perception within the operationalization of the hypothesis’ key concepts can enhance our understanding of how economic crises influence political dynamics in bringing about reform.