Cities for Profit: The Real Estate Turn in Asia's Urban Politics
Gavin Shatkin
Abstract
In the past three decades, urban real estate megaprojects—massive, master planned, for profit urban developments—have captured the imagination of politicians and policy-makers across Asia. This book argues that state actors have been major drivers of these transformative projects, and have realized them through increasingly aggressive efforts to reclaim or acquire land, and to transfer land rights to corporate developers. State actors have specifically sought to monetize land as a strategy of state empowerment, a means to generate budget revenue, distribute patronage, and drive economic growth ... More
In the past three decades, urban real estate megaprojects—massive, master planned, for profit urban developments—have captured the imagination of politicians and policy-makers across Asia. This book argues that state actors have been major drivers of these transformative projects, and have realized them through increasingly aggressive efforts to reclaim or acquire land, and to transfer land rights to corporate developers. State actors have specifically sought to monetize land as a strategy of state empowerment, a means to generate budget revenue, distribute patronage, and drive economic growth. This newly assertive state role in land markets constitutes the real estate turn in urban politics in the subtitle of the book. This real estate turn has significant implications for social, political, and ecological change in these societies. The book explores the varied spatial impacts of this real estate turn in three cities—Jakarta, Kolkata, and Chongqing—that differ in their systems of property rights and urban governance.
Keywords:
Asian cities,
Urban politics,
Real estate,
Megaprojects,
Financialization,
Urban planning
Bibliographic Information
| Print publication date: 2017 |
Print ISBN-13: 9781501709906 |
| Published to Cornell Scholarship Online: May 2018 |
DOI:10.7591/cornell/9781501709906.001.0001 |
