Governance, Globalization and Public Policy
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Governance, Globalization and Public Policy

Edited by Patricia Kennett

Governance, Globalization and Public Policy is concerned with exploring the nature of the policy arena in the context of globalization and the reconstitution of the state. The contributors to this book seek to broaden, extend and integrate theoretical, conceptual and substantive policy debates. The book begins by exploring the concepts and perspectives associated with globalization and governance, the relationship between them and the repercussions for public policy and the state. It also considers developments at the global and regional levels and the implications of the emergence of new regulatory regimes in the context of liberalization and privatization. The focus then turns to a broad range of substantive areas of public policy such as human rights, health and health care, housing markets, poverty, security and counter-terrorism.
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Chapter 9: Globalization, Governance and the Housing Market

Ray Forrest


Ray Forrest INTRODUCTION Changes in housing provision and housing finance both reflect and require new forms of governance. Governance, for the purposes of this chapter, refers to the vertical and horizontal configuration of institutions and agencies which are directly or indirectly involved in the regulation and provision of housing finance. By ‘housing market’ we are referring in the main to the purchase of dwellings by individuals or households for home ownership or investment. Most contemporary commentaries on housing tend to be nationally oriented and to explore and analyse shifts in government policies which have encouraged particular forms and patterns of provision. For example, the decline of private renting or the growth of mortgaged home ownership may be attributed in great part to changes in national subsidy and taxation regimes as well as cultural and other factors. Cross-national studies of trends in housing provision typically explore the extent to which there has been convergence or divergence in housing policy and provision and to seek explanations in the broader literature on the nature and evolution of welfare states and welfare regimes. For example, do countries with more market-oriented housing systems display a more general pattern of market orientation? Can we understand the nature of national housing markets in terms of the more fundamental character of particular welfare states? How far do more privatized and marketized housing systems reflect and act upon a more pervasive ideology of market-based individualism? (For a summary and development of these arguments see Kurz and...

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