Show Less
You do not have access to this content

Financialising City Statecraft and Infrastructure

Andy Pike, Peter O’Brien, Tom Strickland, Graham Thrower and John Tomaney

Financialising City Statecraft and Infrastructure addresses the struggles of national and local states to fund, finance and govern urban infrastructure. It develops fresh thinking on financialisation and city statecraft to explain the socially and spatially uneven mixing of managerial, entrepreneurial and financialised city governance in austerity and limited decentralisation across England. As urban infrastructure fixes for the London global city-region risk undermining national ‘rebalancing’ efforts in the UK, city statecraft in the rest of the country is having uneasily to combine speculation, risk-taking and prospective venturing with co-ordination, planning and regulation.
Show Summary Details
You do not have access to this content

Chapter 4: City infrastructure provision and geographical inequalities in the UK’s centralised state

Andy Pike, Peter O’Brien, Tom Strickland, Graham Thrower and John Tomaney


The construction of the UK’s distinctive “modern infrastructural ideal” is outlined marked by its highly centralised, top-down and national framework of urban managerialism, Keynesian welfarism and spatial Keynesianism. The fragmentation of city infrastructure provision under “splintering urbanism” is explained in relation to urban entrepreneurialism, liberalisation, privatisation and financialisation. Focusing upon the aftermath of the 2008 financial crisis, the national and city prioritisation of infrastructure as a focus for economic recovery, growth and modernisation is set out. National and local statecraft and restructuring is being driven by austerity, limited decentralisation and the new informal governance of deal-making and deals. The financialising process is being shaped by the city statecraft of national and local government alongside financial actors and mediated by the UK’s highly centralised and risk-averse governance structures. The geographies of recent infrastructure investment are detailed, marked by a spatially skewed national and London global city-region orientation and uneven patchwork of collective provision.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.