The Neoliberal City: Governance, Ideology, and Development in American UrbanismCornell University Press, 2014 M01 15 - 248 pages The shift in the ideological winds toward a "free-market" economy has brought profound effects in urban areas. The Neoliberal City presents an overview of the effect of these changes on today's cities. The term "neoliberalism" was originally used in reference to a set of practices that first-world institutions like the IMF and World Bank impose on third-world countries and cities. The support of unimpeded trade and individual freedoms and the discouragement of state regulation and social spending are the putative centerpieces of this vision. More and more, though, people have come to recognize that first-world cities are undergoing the same processes. In The Neoliberal City, Jason Hackworth argues that neoliberal policies are in fact having a profound effect on the nature and direction of urbanization in the United States and other wealthy countries, and that much can be learned from studying its effect. He explores the impact that neoliberalism has had on three aspects of urbanization in the United States: governance, urban form, and social movements. The American inner city is seen as a crucial battle zone for the wider neoliberal transition primarily because it embodies neoliberalism's antithesis, Keynesian egalitarian liberalism. Focusing on issues such as gentrification in New York City; public-housing policy in New York, Chicago, and Seattle; downtown redevelopment in Phoenix; and urban-landscape change in New Brunswick, N.J., Hackworth shows us how material and symbolic changes to institutions, neighborhoods, and entire urban regions can be traced in part to the rise of neoliberalism. |
From inside the book
Results 1-5 of 23
... debt and federal outlays for urban development Ownership of municipal debt in the United States, 1980–1999 Default rates for long-term municipal debt since 1940 Development in New Brunswick, NJ, 1975–present Three phases of real estate ...
... debt to build and repair infrastructure, offset shortfalls in cash flow, and attract business (for the most comprehensive treatment of this issue, see ibid.). Short-term debt,2 usually acquired through commercial banks, is typically ...
... debt is more often used to purchase or repair capital infrastructure. There are two types of long-term municipal debt: general obligation bonds and revenue bonds. General obligation (GO) bonds are backed with the “full faith and credit ...
... debt), its economic outlook (whether growth is going to occur), and its administrative structure and history (whether there is a history of mismanagement). The final rating is meant to be a reflection of how likely a given municipality ...
Governance, Ideology, and Development in American Urbanism Jason Hackworth. Municipal debt rating evolved indirectly from the highly volatile corporate debt markets of the mid–nineteenth century (Cantor and Packer 1995). Small rating ...
Contents
The Glocalization of Governance | |
The PublicPrivate Partnership | |
The Acceleration of Uneven Development | |
The Neoliberal Spatial | |
The Reinvested Urban Core | |
Neoliberal Gentrification | |
Bread or Circus? | |
Contesting the Neoliberal City | |
Social Struggle in a Neoliberal Policy Landscape | |
Alternative Futures at the End of History | |
References | |