Pub Date : 2023-07-16DOI: 10.1177/0308518x231187409
James W. Williams
An enduring legacy of the 2007–2009 financial crisis is the growth of “social” and “impact” investing, markets dedicated to the use of financial capital to achieve social good. This paper examines one key manifestation of these markets: the social impact bond, a financial device which uses private capital to fund social programs. While social impact bond (SIBs) have been viewed as a testament to the power of finance and the “financialization” of the social sector, the paper instead highlights the struggles and limits of the SIB enterprise. Informed by a multi-year study of SIBs in Canada, the USA, and UK, and the theoretical lens of the social studies of assetization combined with an ecological approach, these struggles are conceived in terms of the challenge of operationalizing SIBs’ financial imaginary and managing the gaps between finance and the social sector as distinct ecologies. Particular emphasis is placed on three valuation devices—liquidity, risk, and rigor—which are central to this effort. Rather than “hinges” connecting these worlds, these devices have emerged as points of conflict, revealing a distinctly spatial politics which helps to explain the limits not only of SIBs but also other forms of financialization at the frontiers of (social) finance.
{"title":"Finance interrupted: Social impact bonds, spatial politics, and the limits of financial innovation in the social sector","authors":"James W. Williams","doi":"10.1177/0308518x231187409","DOIUrl":"https://doi.org/10.1177/0308518x231187409","url":null,"abstract":"An enduring legacy of the 2007–2009 financial crisis is the growth of “social” and “impact” investing, markets dedicated to the use of financial capital to achieve social good. This paper examines one key manifestation of these markets: the social impact bond, a financial device which uses private capital to fund social programs. While social impact bond (SIBs) have been viewed as a testament to the power of finance and the “financialization” of the social sector, the paper instead highlights the struggles and limits of the SIB enterprise. Informed by a multi-year study of SIBs in Canada, the USA, and UK, and the theoretical lens of the social studies of assetization combined with an ecological approach, these struggles are conceived in terms of the challenge of operationalizing SIBs’ financial imaginary and managing the gaps between finance and the social sector as distinct ecologies. Particular emphasis is placed on three valuation devices—liquidity, risk, and rigor—which are central to this effort. Rather than “hinges” connecting these worlds, these devices have emerged as points of conflict, revealing a distinctly spatial politics which helps to explain the limits not only of SIBs but also other forms of financialization at the frontiers of (social) finance.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2023-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75352999","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-07DOI: 10.1177/0308518x231186151
J. Davies
Drawing from neo-Gramscian theory, the paper explores how urban austerity governance mediates crises of neoliberal hegemony. Focusing on the decade after the Global Economic Crisis of 2008–2009, it compares four European cities disclosing five intersecting characteristics of urban political economy that contributed to sustaining and disrupting austere neoliberalism. Austere neoliberalism was sustained through three characteristics: economic rationalism, state revanchism and weak counter-hegemony, but undermined by both weakening hegemony and the combustibility and generativity of urban struggles. Hence, although state revanchism is a prominent feature of urban politics, and novel counter-hegemonic forms are elusive, struggles for equality and solidarity remain contagious, tenacious and vibrant. Urban governance is a crucial arena for studying the interregnum, signposting multiple ways in which neoliberalism survives, mutates and dies.
{"title":"Urban governance in the age of austerity: Crises of neoliberal hegemony in comparative perspective","authors":"J. Davies","doi":"10.1177/0308518x231186151","DOIUrl":"https://doi.org/10.1177/0308518x231186151","url":null,"abstract":"Drawing from neo-Gramscian theory, the paper explores how urban austerity governance mediates crises of neoliberal hegemony. Focusing on the decade after the Global Economic Crisis of 2008–2009, it compares four European cities disclosing five intersecting characteristics of urban political economy that contributed to sustaining and disrupting austere neoliberalism. Austere neoliberalism was sustained through three characteristics: economic rationalism, state revanchism and weak counter-hegemony, but undermined by both weakening hegemony and the combustibility and generativity of urban struggles. Hence, although state revanchism is a prominent feature of urban politics, and novel counter-hegemonic forms are elusive, struggles for equality and solidarity remain contagious, tenacious and vibrant. Urban governance is a crucial arena for studying the interregnum, signposting multiple ways in which neoliberalism survives, mutates and dies.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2023-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78187058","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-05DOI: 10.1177/0308518x231184470
A. Hackl, Watfa Najdi
The global spread of a web-based digital economy raises questions about its potential as a lifeline to people affected by severe economic and humanitarian crises. As local markets crumble and unemployment rises, online freelance work offers a seemingly accessible source of income that is independent of the constraints of local markets and national regulations. This article scrutinizes this promise against the backdrop of multiple evolving crises in Lebanon, asking to what extent a transnational digital economy can serve crisis-affected populations, including refugees, as a secure source of income and work. The research is based on interviews and surveys with Syrian refugees and host community members in Lebanon, who participated in digital skills training programmes and worked as digital freelancers for Social Impact Platforms and Enterprises. Their experience shows how the impact of Lebanon's crises undermined the feasibility of web-based digital work precisely at a time when they needed it most. Syrian refugees in Lebanon are affected by particular layers of regulatory restriction, including their exclusion from digital platforms, skills training programmes, and the financial system. As these layers of exclusion intersect with the precarity of self-employed digital jobs and a severe economic crisis, Syrians’ displacement in Lebanon is reconfigured into a digital space of exile within a transnational digital economy. Viewed from this perspective, the digital economy fails to live up to its inclusive promise and fails to transcend the restrictive regulations, economic instability, and precarity that characterizes crisis-affected states and populations.
{"title":"Online work as humanitarian relief? The promise and limitations of digital livelihoods for Syrian refugees and Lebanese youth during times of crisis","authors":"A. Hackl, Watfa Najdi","doi":"10.1177/0308518x231184470","DOIUrl":"https://doi.org/10.1177/0308518x231184470","url":null,"abstract":"The global spread of a web-based digital economy raises questions about its potential as a lifeline to people affected by severe economic and humanitarian crises. As local markets crumble and unemployment rises, online freelance work offers a seemingly accessible source of income that is independent of the constraints of local markets and national regulations. This article scrutinizes this promise against the backdrop of multiple evolving crises in Lebanon, asking to what extent a transnational digital economy can serve crisis-affected populations, including refugees, as a secure source of income and work. The research is based on interviews and surveys with Syrian refugees and host community members in Lebanon, who participated in digital skills training programmes and worked as digital freelancers for Social Impact Platforms and Enterprises. Their experience shows how the impact of Lebanon's crises undermined the feasibility of web-based digital work precisely at a time when they needed it most. Syrian refugees in Lebanon are affected by particular layers of regulatory restriction, including their exclusion from digital platforms, skills training programmes, and the financial system. As these layers of exclusion intersect with the precarity of self-employed digital jobs and a severe economic crisis, Syrians’ displacement in Lebanon is reconfigured into a digital space of exile within a transnational digital economy. Viewed from this perspective, the digital economy fails to live up to its inclusive promise and fails to transcend the restrictive regulations, economic instability, and precarity that characterizes crisis-affected states and populations.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2023-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86821108","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-04DOI: 10.1177/0308518X231185587
Adam D. Dixon, J. Peck, Ilias Alami, Heather Whiteside
The theme issue “Making Space for the New State Capitalism” brings together insights from critical economic geography and heterodox political economy through a series papers published in three installments, each accompanied with an introductory essay written by the guest editors. In this, the third of these introductory commentaries, we explore the challenges and opportunities associated with thinking conjuncturally, followed by a final collection of papers.
{"title":"Making space for the new state capitalism, part III: Thinking conjuncturally","authors":"Adam D. Dixon, J. Peck, Ilias Alami, Heather Whiteside","doi":"10.1177/0308518X231185587","DOIUrl":"https://doi.org/10.1177/0308518X231185587","url":null,"abstract":"The theme issue “Making Space for the New State Capitalism” brings together insights from critical economic geography and heterodox political economy through a series papers published in three installments, each accompanied with an introductory essay written by the guest editors. In this, the third of these introductory commentaries, we explore the challenges and opportunities associated with thinking conjuncturally, followed by a final collection of papers.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2023-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76937170","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-03DOI: 10.1177/0308518x231178816
T. Hastings, A. Herod
State labour inspection has been relatively underresearched in economic and labour geography, despite its prospective role in tackling worker exploitation as part of national state regulatory strategies. This paper seeks to address this gap by critically examining state labour inspection as a government function capable of upholding labour standards within and across economic space. A key contribution of the paper is to make stronger connections between workers’ spatial strategies and their ability to shape how labour inspection and standards enforcement is carried out. Focusing upon the UK and Ireland, we examine different ways in which some labour-friendly groups have sought to contest but also to support state labour inspection efforts with a view to protecting workers.
{"title":"Labour geography and the state: Exploring labour's role in working against, with and through the state to improve labour standards","authors":"T. Hastings, A. Herod","doi":"10.1177/0308518x231178816","DOIUrl":"https://doi.org/10.1177/0308518x231178816","url":null,"abstract":"State labour inspection has been relatively underresearched in economic and labour geography, despite its prospective role in tackling worker exploitation as part of national state regulatory strategies. This paper seeks to address this gap by critically examining state labour inspection as a government function capable of upholding labour standards within and across economic space. A key contribution of the paper is to make stronger connections between workers’ spatial strategies and their ability to shape how labour inspection and standards enforcement is carried out. Focusing upon the UK and Ireland, we examine different ways in which some labour-friendly groups have sought to contest but also to support state labour inspection efforts with a view to protecting workers.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2023-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84207693","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-03DOI: 10.1177/0308518x231184876
Synneva Geithus Laastad
Rather than a surprising and illogical move to leave oil in the ground for international compensation, Ecuador's Yasuní-ITT Initiative should be understood as an outcome of ongoing struggles of interests within the state at the time. In this landmark oil moratorium attempt, launched in 2007, the Ecuadorian government offered to forego extraction of its largest oil reservoir, projected to contain 20% of the country's oil reserves, if it received international compensation totalling half the expected revenues. If successful, the initiative could have constituted a post-extractivist economic model that would have favoured indigenous and environmental interests at the expense of oil interests. However, the initiative was cancelled in 2013, after only a fraction of the requested sum had been received, and oil production is now ongoing. Most academic literature highlights how a developmentalist petro-state was willing to abstain from extracting its largest oil reserves, yet encountered a range of national and international obstacles. This article defies this ‘against all odds’ framing. It examines the initiative as a space-making process and understands the attempted internationalisation of the Yasuní oil as the state's spatial strategy to ensure continued income from oil, either in the form of compensation or by legitimising their continued existence as a petro-state and for business as usual if the attempt failed. This analysis demonstrates how understanding political economic resource governance and its space-making processes as outcomes of struggles and complex negotiation processes within the state could bring new insights into energy transition processes.
{"title":"Leaving oil in the ground: Ecuador's Yasuní-ITT initiative and spatial strategies for supply-side climate solutions","authors":"Synneva Geithus Laastad","doi":"10.1177/0308518x231184876","DOIUrl":"https://doi.org/10.1177/0308518x231184876","url":null,"abstract":"Rather than a surprising and illogical move to leave oil in the ground for international compensation, Ecuador's Yasuní-ITT Initiative should be understood as an outcome of ongoing struggles of interests within the state at the time. In this landmark oil moratorium attempt, launched in 2007, the Ecuadorian government offered to forego extraction of its largest oil reservoir, projected to contain 20% of the country's oil reserves, if it received international compensation totalling half the expected revenues. If successful, the initiative could have constituted a post-extractivist economic model that would have favoured indigenous and environmental interests at the expense of oil interests. However, the initiative was cancelled in 2013, after only a fraction of the requested sum had been received, and oil production is now ongoing. Most academic literature highlights how a developmentalist petro-state was willing to abstain from extracting its largest oil reserves, yet encountered a range of national and international obstacles. This article defies this ‘against all odds’ framing. It examines the initiative as a space-making process and understands the attempted internationalisation of the Yasuní oil as the state's spatial strategy to ensure continued income from oil, either in the form of compensation or by legitimising their continued existence as a petro-state and for business as usual if the attempt failed. This analysis demonstrates how understanding political economic resource governance and its space-making processes as outcomes of struggles and complex negotiation processes within the state could bring new insights into energy transition processes.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2023-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89857967","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-27DOI: 10.1177/0308518x231182431
K. Otsuki
This article examines how and why values are created and contested in the process of development, using an example of development-induced displacement and resettlement in Mozambique. It pays particular attention to the social-material effects of compensation, provided as cash, resettlement housing, replacement land, and basic infrastructure. Drawing from field research on an urban resettlement project of the Limpopo National Park in Massingir district, the article shows that the compensation leads to commodification of livelihoods by reducing the original, largely social and cultural meaning of the livelihood to predominantly an economic one. This is because the provided housing and land for cultivation are standardised and infrastructure incurs cash payments and new labour arrangements. At the same time, the study elucidates processes by which experiencing displacement and resettlement – and cash and in-kind compensation given in this process and commodification that ensued – led the resettled people to reshape their livelihoods in such a way as to re-establish the familiar houses and organise a collective. Outcomes of this process are ambivalent, as they may accelerate uneven development. Yet, the article expounds that recognising this ambivalence at least opens space for deliberations about addressing the contested values of development.
{"title":"Contested values of development: Experiencing commodification of livelihoods through displacement and resettlement in Mozambique","authors":"K. Otsuki","doi":"10.1177/0308518x231182431","DOIUrl":"https://doi.org/10.1177/0308518x231182431","url":null,"abstract":"This article examines how and why values are created and contested in the process of development, using an example of development-induced displacement and resettlement in Mozambique. It pays particular attention to the social-material effects of compensation, provided as cash, resettlement housing, replacement land, and basic infrastructure. Drawing from field research on an urban resettlement project of the Limpopo National Park in Massingir district, the article shows that the compensation leads to commodification of livelihoods by reducing the original, largely social and cultural meaning of the livelihood to predominantly an economic one. This is because the provided housing and land for cultivation are standardised and infrastructure incurs cash payments and new labour arrangements. At the same time, the study elucidates processes by which experiencing displacement and resettlement – and cash and in-kind compensation given in this process and commodification that ensued – led the resettled people to reshape their livelihoods in such a way as to re-establish the familiar houses and organise a collective. Outcomes of this process are ambivalent, as they may accelerate uneven development. Yet, the article expounds that recognising this ambivalence at least opens space for deliberations about addressing the contested values of development.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2023-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72805789","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-27DOI: 10.1177/0308518x231181126
Ioana Jipa-Muşat, Martha Prevezer, Liam Campling
Processes of outsourcing and offshoring have driven the changing spatial divisions of labour through foreign investment and development of peripheral regions into key offshore destinations for business services. This paper focuses on the role of elites, transnational and domestic, in the transformation of Romania into a major business services offshoring location in Central Eastern Europe (CEE) over the last two decades. The paper reveals the role of elite agency in connecting domestic resources to business services global production networks (GPNs) in order to drive domestic institutional transformation. A lot has been written about the agency of labour; yet there is a gap in our understanding of the agency of elites, specifically how transnational elites articulate with other elites at the national-, meso- and micro-level and produce institutional changes. Drawing on literature on enclave creation and dual economies, the paper illustrates how the alliance between domestic and transnational elites shaped transformation across the sector by implementing labour market flexibilisation and by crafting a ‘sound’ business environment in terms of infrastructure, investment incentives and bureaucratic framework to emulate institutional conditions of the home country. The development of the Romanian business services sector into an ‘enclave economy’ has become dependent on collaborative networks with domestic universities and intermediary organisations, which played a key role in facilitating foreign investment attraction and linking domestic resources to the needs of multinational firms.
{"title":"Elite agency in the growth of offshore business services in Romania","authors":"Ioana Jipa-Muşat, Martha Prevezer, Liam Campling","doi":"10.1177/0308518x231181126","DOIUrl":"https://doi.org/10.1177/0308518x231181126","url":null,"abstract":"Processes of outsourcing and offshoring have driven the changing spatial divisions of labour through foreign investment and development of peripheral regions into key offshore destinations for business services. This paper focuses on the role of elites, transnational and domestic, in the transformation of Romania into a major business services offshoring location in Central Eastern Europe (CEE) over the last two decades. The paper reveals the role of elite agency in connecting domestic resources to business services global production networks (GPNs) in order to drive domestic institutional transformation. A lot has been written about the agency of labour; yet there is a gap in our understanding of the agency of elites, specifically how transnational elites articulate with other elites at the national-, meso- and micro-level and produce institutional changes. Drawing on literature on enclave creation and dual economies, the paper illustrates how the alliance between domestic and transnational elites shaped transformation across the sector by implementing labour market flexibilisation and by crafting a ‘sound’ business environment in terms of infrastructure, investment incentives and bureaucratic framework to emulate institutional conditions of the home country. The development of the Romanian business services sector into an ‘enclave economy’ has become dependent on collaborative networks with domestic universities and intermediary organisations, which played a key role in facilitating foreign investment attraction and linking domestic resources to the needs of multinational firms.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2023-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75082656","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-20DOI: 10.1177/0308518x231182428
Julie T. Miao, Hyung Min Kim, N. Phelps
State entrepreneurialism in response to external market stimuli has a state intrapreneurialism counterpart – the entrepreneurialism found within public institutions. In moving beyond the case of Singapore from which the idea was proposed, this paper develops the concept of state intrapreneurialism by injecting a greater sense of the political and territorial heterogeneity of, and competition within, national states that fracture the identification of needs, the crafting of policy narratives, and the forging of domestic and international networks. With reference to the case of South Korea, this paper illustrates how state intrapreneurialism has generated domestic and international markets and reputation in the ICT-assisted city management domain despite elements of competition among public agencies. The case raises broader questions for future research on the relational geographies of politics and bureaucracy in stimulating or stifling state intrapreneurialism.
{"title":"Competition and coordination in state intrapreneurialism: The case of South Korea's export of urban expertise","authors":"Julie T. Miao, Hyung Min Kim, N. Phelps","doi":"10.1177/0308518x231182428","DOIUrl":"https://doi.org/10.1177/0308518x231182428","url":null,"abstract":"State entrepreneurialism in response to external market stimuli has a state intrapreneurialism counterpart – the entrepreneurialism found within public institutions. In moving beyond the case of Singapore from which the idea was proposed, this paper develops the concept of state intrapreneurialism by injecting a greater sense of the political and territorial heterogeneity of, and competition within, national states that fracture the identification of needs, the crafting of policy narratives, and the forging of domestic and international networks. With reference to the case of South Korea, this paper illustrates how state intrapreneurialism has generated domestic and international markets and reputation in the ICT-assisted city management domain despite elements of competition among public agencies. The case raises broader questions for future research on the relational geographies of politics and bureaucracy in stimulating or stifling state intrapreneurialism.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2023-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75790124","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-15DOI: 10.1177/0308518x231178309
Robin Wright, Keavy McFadden
Tax increment financing (TIF) is a mechanism used by municipal governments throughout the United States to fund public and private urban development projects. This paper examines the trajectories of TIF in the state of California and the City of Chicago, where the expansion of TIF as a mechanism for publicly financed development is inextricable from disinvestments in social reproduction and the transformation of public funding for K-12 education. Taking seriously the divergent paths of TIF in each case, we argue that the framework of social reproduction helps expand the scope of TIF as a “policy in place,” bringing into view other path and place-dependent factors that shape the adaptation and implementation of public finance mechanisms. Bridging the literature on urban policy and feminist political economy, we suggest that scholars must investigate the place-specific entanglements of social reproduction and public finance if we are to understand how mechanisms such as TIF are adopted, expanded, or curtailed within the broader framework of neoliberal urban governance. In making such an intervention, we expand on calls to attend to the ways public finance can heighten or mitigate economic inequality.
{"title":"Social reproduction and public finance: A comparative study of TIF in California and Chicago","authors":"Robin Wright, Keavy McFadden","doi":"10.1177/0308518x231178309","DOIUrl":"https://doi.org/10.1177/0308518x231178309","url":null,"abstract":"Tax increment financing (TIF) is a mechanism used by municipal governments throughout the United States to fund public and private urban development projects. This paper examines the trajectories of TIF in the state of California and the City of Chicago, where the expansion of TIF as a mechanism for publicly financed development is inextricable from disinvestments in social reproduction and the transformation of public funding for K-12 education. Taking seriously the divergent paths of TIF in each case, we argue that the framework of social reproduction helps expand the scope of TIF as a “policy in place,” bringing into view other path and place-dependent factors that shape the adaptation and implementation of public finance mechanisms. Bridging the literature on urban policy and feminist political economy, we suggest that scholars must investigate the place-specific entanglements of social reproduction and public finance if we are to understand how mechanisms such as TIF are adopted, expanded, or curtailed within the broader framework of neoliberal urban governance. In making such an intervention, we expand on calls to attend to the ways public finance can heighten or mitigate economic inequality.","PeriodicalId":48432,"journal":{"name":"Environment and Planning A-Economy and Space","volume":null,"pages":null},"PeriodicalIF":4.2,"publicationDate":"2023-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83185311","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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