Environment and Planning A-Economy and Space

Into the zone
Peck J
In conversation with Quinn Slobodian's , the commentary explores the book's innovative but for the most part implicit methodological and expositional strategy, reflecting on some of the implications for the geographical analysis of ideas and ideation. Ideation certainly matters, but never mechanically or predictably, so the challenging questions concern how to specify, and to assign explanatory weight to, particular ideas in particular situations.
Urban intensification and land value capture in Toronto: Conjunctural analysis, critical junctures, and developmental pathways in urban planning
Sorensen A
Toronto has for 70 years been one of the fastest growing city-regions in North America, and over the last two decades has seen booming high-rise intensification. A distinctive land value capture (LVC) system and practice has emerged. This paper traces the contested evolution of Toronto LVC since 1946, including recent major changes to the rules, and makes three main contributions: First is the suggestion that at its core, LVC is an attempt to purposefully alter the distribution of the costs and benefits of urban property development between public and private actors, and should be considered a key metric to evaluate the social equity of property development processes. Second, conjunctural analysis has recently emerged as an approach to reading the intersection of political, economic, social, and ideological processes that come together to produce historical changes in specific cases. I argue that Historical Institutionalism (HI) is a valuable complement to the conjunctural analysis approach in its focus on the genesis of and contestation over specific sets of institutions. HI provides a set of midlevel conceptual frameworks and research methods to identify major institutions, the actors involved, and institutional change mechanisms, processes, and patterns. I bring together two hitherto separate traditions of thought about conjunctures, that arising from Gramsci through Stuart Hall, and that developed in HI, arguing that HI brings analytical clarity to the comparative analysis of conjunctures. Third, the Toronto case is revealing of processes of institutional change, mechanisms supporting path dependence, and the urban impacts of globally hegemonic ideological conjunctures.
A place to start?
Peck J
How do economic geographers determine where to begin their research projects, where to locate and delimit their case studies, where and how to "cut in" to problems? In the absence of self-evident or pregiven answers to these questions, the problem-cum-choice of where and how to start is inescapably tangled up with issues of preliminary conceptualization and indeed theorization, since cases are not so much found as made, being in various ways coproduced with different "theory-method packages." There is (and can be) no singular or universal answer to these questions. Instead, this brief intervention outlines one rationale for getting "started," founded as such rationales should be with reference a particular approach or mode of theorization. The approach here centers on the problematic of recombinant development, on the role of extended case-study designs, and on the still sparsely realized potential of conjunctural modes of analysis.
Any Time, Any Place, Any Way, Any Pace: Markets, EdTech, and the spaces of schooling
Cohen D
For decades investors have sought to find ways of profiting off the billions of public dollars spent annually on systems of public schooling across the world. This interest has coincided with the growing marketization of systems of public schooling, especially in the United States, as well as the increased use of educational technologies (or EdTech). This study examines the implications of the growing use of profit-driven educational technologies for the politics and spatial practices of schooling. Specifically, it examines past experiences with market-oriented EdTech systems in Oregon and Michigan to highlight how the combination of market systems of governance and profit-driven EdTech practices depend on the deconstruction of links between schools, communities, and students in order to roll out aspatial and apolitical educational practices that maximize profits. The placeless vision for education embedded in profit-driven EdTech helps promote the reproduction of dominant orders and stifles place-based struggles over educational justice.
Inclusive growth, public transit infrastructure investments and neighbourhood trajectories of inequality in Montreal
Breau S, Wylie M, Manaugh K and Carr S
Investing in accessible, affordable and sustainable modes of transportation is increasingly seen as an important policy tool for fostering the development of more inclusive cities and combating the rise in inequality. In this article, we review how the concept of inclusive growth has gained traction at the local level framed within a discourse of building more equitable and sustainable cities with a particular emphasis on transportation infrastructure projects as a way of operationalizing the concept as a policy tool. Using Montreal as a case study, we then proceed to evaluate two competing proposals for major public transit infrastructure projects (the Pink line and the REM Phase II) to see if one may potentially offer more inclusive outcomes in terms of transit access and mobility. We do so by first examining changes in the spatial configurations of neighbourhood income disparities in the city between 1981 and 2016. After identifying a pattern of growing spatial polarization between higher- and lower-income neighbourhoods, we use a buffer analysis of transit stations to assess which of the two proposed transit infrastructure projects is best positioned to curb the growth of neighbourhood disparities. Our results suggest the proposed Pink line project provides more coverage in terms of accessibility and connecting economically disadvantaged neighbourhoods from Montreal Nord to Lachine with the downtown core.
Doing economics differently
Peck J
The article introduces a book forum on Isabella Weber's book, "." The book is notable not only for the way that it reinterprets, substantively and theoretically, the story of China's world-altering economic transformation, but also for the truly original kind of book that it is.
Beyond crisis? Using rent theory to understand the restructuring of publicly funded seniors' care in British Columbia, Canada
Strauss K
Crises of seniors' care in countries like the UK and Canada, further highlighted by the COVID-19 pandemic, have been connected to processes of privatization and financialization. In this paper I argue that rent theory is important for disaggregating mechanisms, including of accumulation by dispossession, the devaluation of labour, and assetization, that underpin the process of financialization in the sector. Work on rents often divides between critical approaches, especially to land rent, and mainstream institutionalist and public choice approaches to rent-seeking. Critical rent theory is evolving beyond this divide to understand a broader range of types of rent. Yet, despite attention to the increasing importance of economic rents and forms of rentierism, labour and social reproduction are often excluded from the analysis of how rent relations arise. This paper demonstrates the problems with these exclusions. The argument is illustrated through an analysis of the restructuring of eldercare in British Columbia, Canada, in the last two decades, and employs a feminist political economy approach to examine the social production of rent relations.
The economic geographies of mergers and acquisitions (M&As)
Keenan L and Wójcik D
Mergers and acquisitions (M&As) are on the rise. Interlocking processes of globalization and financialization have increased their attractiveness and incentivized an upward spiral of M&A activity in recent years. This rise is profoundly spatial, as M&As reshape the geographies of production, consumption and finance, while aggravating uneven power-geometries through the concentration of corporate control. Despite this growth and inherent spatiality, economic geography research into M&As has waned. The aim this article is to demonstrate the value of M&As to economic geographers and highlight avenues for future research. This is achieved by explaining how qualitative and quantitative research into the motivations, outcomes and geographies of M&A activity can provide fresh empirical and conceptual insights surrounding wider geographical debates.
State capitalism as Lazarus meets Loch Ness: Insights from the Asiatic mode of production
Whiteside H
This paper comments on the unexamined bifurcation of new state capitalism studies into two camps: changes in liberal capitalism and analyses of illiberal state forms. I characterize these aspects as Lazarus meets Loch Ness: Lazarus-like when focused on the ever-reborn market interventions of the liberal capitalist state, and Loch Ness-like in its rediscovery of the resurfaced 'other.'
A very British state capitalism: Variegation, political connections and bailouts during the COVID-19 crisis
Wood GT, Onali E, Grosman A and Haider ZA
The COVID-19 pandemic has resulted in governments playing increasingly prominent roles as active economic agents. However, state capitalism does not necessarily serve broad developmental purposes, and rather can be directed to supporting sectional and private interests. As the literature on variegated capitalism alerts us, governments and other actors regularly devise fixes in response to a systemic crisis, but the focus, scale, and scope of the interventions vary considerably, according to the constellation of interests. Rapid progress with vaccines notwithstanding, the UK government's response to COVID-19 has been associated with much controversy, not only because of an extraordinarily high death rate, but also because of allegations of cronyism around the granting of government contracts and bailouts. We focus on the latter, investigating more closely who got bailed out. We find that badly affected sectors (e.g. hospitality, transportation) and larger employers were more likely to get bailouts. However, the latter also favored the politically influential and those who had run up debt profligately. Although, as with state capitalism, crony capitalism is most often associated with emerging markets, we conclude that the two have coalesced into a peculiarly British variety, but one that has some common features with other major liberal markets. This might suggest that the eco-systemic dominance of the latter is coming to an end, or, at the least, that this model is drifting towards one that assumes many of the features commonly associated with developing nations.
Making space for the new state capitalism, part II: Relationality, spatiotemporality and uneven development
Alami I, Whiteside H, Dixon AD and Peck J
The theme issue 'Making Space for the New State Capitalism' brings together insights from critical economic geography and heterodox political economy through a series of papers published in three installments, each accompanied by an introductory essay written by the guest editors. In this, the second of these introductory commentaries, we explore the consequences of embracing relationality, spatiotemporality and uneven development, together with the second group of papers. Introducing a final group of papers, the third installment will address the challenges and opportunities of thinking conjuncturally.
Unbuilding the city: Deconstruction and the circular economy in Vancouver
Lynch N
Globally, the construction, renovation, and demolition sectors are increasingly responsible for growing resource demand and structural waste, even given progress in energy efficient technologies, 'green' building design, and local planning regulations. In response, the Circular Economy has become a popular agenda in the construction, renovation, and demolition sector as it offers a new model that not only maximizes materials reuse and recovery but also reframes urban systems and the built environment in a closed-loop (cradle-to-cradle) paradigm. In particular, popular visions of the Circular Economy promote, among other actions, 'optimizing' the end-of-the-life of buildings and their materials. Deconstruction (i.e. piece-by-piece demolition) is one key optimization strategy that has received increasing, yet limited, attention by researchers. This paper traces the development of an incipient deconstruction sector in Vancouver, focusing on the possibilities and challenges of deconstruction and material recovery practices as viable strategies for a transformative Circular Economy. I investigate two related aspects: first, the emerging policy landscape surrounding green demolition, and second, the development of 'unbuilding' practices and more formal 'Deconstruction Hubs'. Overall, the paper finds that while these developments represent fundamental steps towards a more sustainable built environment, there remain a number of significant social, political and economic limitations that must be confronted if we are to meet the growing demands for more radical sustainability and 'circularity' not only in Canadian construction, renovation, and demolition sectors, but across Canadian cities and beyond.
Immaterial animals and financialized forests: Asset manager capitalism, ESG integration and the politics of livestock
Brice J, Cusworth G, Lorimer J and Garnett T
This article uses interviews with responsible investment professionals to examine the extent to which institutional equity investors, and specifically 'universal owners' with highly diversified shareholdings, engage with public issues associated with livestock agriculture. As share ownership becomes increasingly concentrated, and the market for Environmental, Social and Governance investment products grows, these investors are increasingly involved in governing the activities of publicly traded corporations (including leading agribusinesses). This paper brings together political economy and marketization studies research to explore how universal owners become concerned about particular environmental and ethical problems, why they overlook other public concerns, and in what ways their selective engagement with ethico-political issues might be altering the content of food politics. Comparing universal owners' engagements with farm animal welfare issues and with tropical deforestation within animal feed supply chains, we argue that these institutions engage with tropical deforestation because it presents a financially material risk to firms across multiple industries. By contrast, the specificity of farm animal welfare issues to agribusinesses means that they do not pose a material risk to the overall performance of universal owners' highly diversified asset portfolios. Efforts to concern universal owners about livestock agriculture's social, environmental and health impacts thus generate a food politics which focuses primarily on risks to global economic systems and renders animals themselves distinctly immaterial.
The structural deficit of the Olympics and the World Cup: Comparing costs against revenues over time
Müller M, Gogishvili D and Wolfe SD
The Olympic Games and the Football World Cups are among the most expensive projects in the world. While available theoretical explanations suggest that the revenues of mega-events are overestimated and the costs underestimated, there is no comprehensive empirical study on whether costs exceed revenues. Based on a custom-built database from public sources, this article compares the revenues and costs of the Olympic Games and World Cups between 1964 and 2018 ( = 43), together totalling close to USD 70 billion in revenues and more than USD 120 billion in costs. It finds that costs exceeded revenues in most cases: more than four out of five Olympics and World Cups ran a deficit. The average return-on-investment for an event was negative (- 38%), with mean costs of USD 2.8 billion exceeding mean revenues of USD 1.7 billion per event. The 1976 Summer Olympics in Montréal, the 2014 Winter Olympics in Sochi and the 2002 World Cup in Japan/South Korea recorded the highest absolute deficits. The Summer Olympics 1984 in Los Angeles, the Winter Olympics 2010 in Vancouver and the 2018 World Cup in Russia are among the few events that posted a surplus. The article concludes that the Olympic Games and the Football World Cup suffer from a structural deficit and could not exist without external subsidies. This finding urges a re-evaluation of these events as loss-making ventures that lack financial sustainability.
Waiting for the market? Microinsurance and development as anticipatory marketization
Bernards N
This article traces experiments aimed at promoting wider adoption of 'microinsurance' - small, simplified insurance policies targeting the poorest. Microinsurance is a central element of a wider turn towards the promotion of 'resilience' in global development. The development of commercial markets for microinsurance, however, has failed to meet the expectations of promoters. This article traces the ways that the diverse donor agencies, professional organizations and philanthropic organizations involved in the promotion of microinsurance have responded to these failures, primarily by seeking to articulate basic data infrastructures that might make possible profitable insurance operations. These activities are described as a kind of 'anticipatory marketization' - experiments seeking to prepare the ground for the emergence of markets for risk management, thus far without much success. Where microinsurance has often been described in terms of 'financialization', this article suggests that there are important political dynamics at play that have been overlooked. Efforts to develop markets for microinsurance, and the persistent focus on troubleshooting and re-engineering those markets in the face of failure, are not driven directly by finance capital. Rather, they reflect fraught efforts to articulate modes of social protection not requiring substantial redistribution.
Remittances, development and financialisation beyond the Global North
Kunz R, Maisenbacher J and Paudel LN
In the context of the global financial crisis and the crunch in development financing, remittances have become linked to the financial inclusion agenda in what has been termed as 'financialization of remittances' (FOR). This special issue brings together seven articles that analyze the socioculturally specific histories and the everyday manifestations of the FOR in the Caribbean, Central America, Colombia, Ghana, Mexico, Nepal and Senegal. The contributors engage in a transdisciplinary conversation, mobilizing insights from feminist, postcolonial, poststructural and political geography theories. They propose two majors shifts for financialisation analysis: towards an investigation beyond the global North and towards taking seriously failures, contradictions and contestations of financialisation processes. By doing so, the special issue contributes to financialization research in five major ways: to expose colonial legacies of remittances and their financialization; to challenge the supposedly neutral character of the FOR by revealing the caste, gendered and racialized power relations in financialization processes; to destabilizes the notion of the universal individual financial subject and show how multiple financial subjectivities are constituted in constellations; to document the complexities, ambiguities, contradictions and failures of financialization processes and the (everyday) contestations they face; and to show how remittances and their financialization are implicated in reconfiguring authorities, citizenship and social dynamics. The contributions propose relational understandings of financialization that conceptualize the co-constitution of economic, political and sociocultural dimensions of financialization across and beyond the North-South divide.
'Cambiando el chip': The gendered constellation of subjectivities of the financialisation of remittances in Mexico
Kunz R and Ramírez B
In the wake of the global financial crisis and a context of stagnating development aid, the international community now promotes linking remittances to finance as a development strategy, in what has been termed the 'financialisation of remittances' (FOR). This article analyses the ways in which the financialisation of remittance manifests in Mexico in gendered ways, and what this tells us about financialisation and financial subjectivation processes beyond the global North. We find that the financialisation of remittance represents a shift from earlier remittance-based development models whereby remittances become linked to financial inclusion and social welfare agendas and the focus is broadened beyond migrant income to diaspora wealth. Focusing on the governing arrangements of the financialisation of remittance, we propose the concept of 'constellation of subjectivities' in order to analyse the interrelated and interacting programmatic subjectivities through which the financialisation of remittance manifests in Mexico. Combining this conceptualisation with interdisciplinary feminist insights on financialisation, we analyse the various intersecting social dynamics that weave through such constellations. The analysis - based on document, interview and observation material - finds that the financialisation of remittance in Mexico creates and governs a gendered constellation of financial subjectivities with three dimensions: migrant men, remittance-receiving women and the constitutive outside of the non-transnational family. While most studies tend to focus on transnational families, we demonstrate that non-transnational families are an integral part of the financialisation of remittance. Our analysis destabilises the notion of the universal financial subject and highlights the importance of broadening our analysis of financialisation to constitutive outsides that often fall off the radar.
Mining liquid gold: The lively, contested terrain of human milk valuations
Prouse C
As global health organizations and national governments tout "breast is best," the value of human milk is being calculated - and profited from - in increasingly diverse forms. In this paper I chart three of the major ways in which human milk is being economically valued: calculating breastfeeding as a contribution to a country's GDP; buying and selling human milk to hospitals for profit; and manufacturing key components of human milk and the infant gut. In exploring these bioeconomies, I draw together two approaches to biocapital not often put into conversation with one another: a focus on the micrological generative capacities of biological material, and attention to the macrological biopolitical governance of populations. I argue that juxtaposing these bioeconomies demonstrates key features of human milk biocapital: the multi-scalar workings of reproductive biopolitical valuation and governance; the human and more-than-human ecologies (and labours) on which biocapital depends; and the feminist geographical contestations that shape, and sometimes undermine, these valuations.
Cities reshaped by Airbnb: A case study in New York City, Chicago, and Los Angeles
Jiao J and Bai S
In the last 10 years, Airbnb has rapidly grown from a simple, online bed and breakfast operation to a leading global hospitality service provider. Scholars have been using different spatial analysis tools to study its potential impacts on cities. To better understand Airbnb's impact this featured graphic applied a cartogram processing tool to reshape census tracts based on Airbnb listing intensity in three major US cities (New York City, Chicago, and Los Angeles). Results showed that different cities have different patterns of Airbnb listings. Census tracts in New York City became completely unrecognizable after the analysis, which indicted a highly skewed Airbnb distribution in the city. Compared with New York City, we saw less and least deformation in Chicago and Los Angeles, respectively, where Airbnb was more evenly distributed. The results showed that Airbnb listings were very evenly distributed in the large US cities. Airbnb would impose completely different impacts on different neighborhoods based on their locations.
Spatio-Temporal Dimensions of Child Poverty in America, 1990-2010
Call MA and Voss PR
The persistence of childhood poverty in the United States, a wealthy and developed country, continues to pose both an analytical dilemma and public policy challenge, despite many decades of research and remedial policy implementation. In this paper, our goals are twofold, though our primary focus is methodological. We attempt both to examine the relationship between space, time, and previously established factors correlated with childhood poverty at the county level in the continental United States as well as to provide an empirical case study to demonstrate an underutilized methodological approach. We analyze a spatially consistent dataset built from the 1990 and 2000 U.S. Censuses, and the 2006-2010 American Community Survey. Our analytic approach includes cross-sectional spatial models to estimate the reproduction of poverty for each of the reference years as well as a fixed effects panel data model, to analyze change in child poverty over time. In addition, we estimate a full space-time interaction model, which adjusts for spatial and temporal variation in these data. These models reinforce our understanding of the strong regional persistence of childhood poverty in the U.S. over time and suggest that the factors impacting childhood poverty remain much the same today as they have in past decades.
Does Specification Matter? Experiments with Simple Multiregional Probabilistic Population Projections
Raymer J, Abel GJ and Rogers A
Population projection models that introduce uncertainty are a growing subset of projection models in general. In this paper, we focus on the importance of decisions made with regard to the model specifications adopted. We compare the forecasts and prediction intervals associated with four simple regional population projection models: an overall growth rate model, a component model with net migration, a component model with in-migration and out-migration rates, and a multiregional model with destination-specific out-migration rates. Vector autoregressive models are used to forecast future rates of growth, birth, death, net migration, in-migration and out-migration, and destination-specific out-migration for the North, Midlands and South regions in England. They are also used to forecast different international migration measures. The base data represent a time series of annual data provided by the Office for National Statistics from 1976 to 2008. The results illustrate how both the forecasted subpopulation totals and the corresponding prediction intervals differ for the multiregional model in comparison to other simpler models, as well as for different assumptions about international migration. The paper ends end with a discussion of our results and possible directions for future research.