Cities and Crisis

Cities and Crisis

4.11 - 1251 ratings - Source

Recognizing the deep relations between politics, finance, cities and citizens, this book argues for a rejuvenated account of urban theory. The book emphasises the need to understand the importance of the 2008 global financial crisis and how the crisis affects cities nested in a variety of political economies. Situating urban theory in the current economic climate, it powerfully illuminates the dynamic between history, theory, and practice. Stressing how catastrophic social and economic calamities under the crisis lead to reorganised city structures, city life and city policies and hence new urban experience, it calls for theoretical perspectives that can speak to these challenging changes. This groundbreaking title is a must for anyone interested in urban life and its rapid movements. It will be especially useful for students and researchers in urban sociology, planning, geography, urban and regional development and urban studiesmortgages, corporate mortgages, credit card debt, and student and car loans. It has not been demonstrated that other types of asset-based loans were any less problematic than sub-prime mortgages. ... Thus sub-primea€“based securities ( $450 billion in 2006) represented under 20 per cent of total securitized credit. Thirdly ... The expanded volume of these balances drove down interest rates which had the paradoxical effect of binding the US and Chinese governments together and soanbsp;...

Title:Cities and Crisis
Author: Kuniko Fujita
Publisher:SAGE - 2013-08-22

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