Edited by Loretta Lees and Martin Phillips
In this chapter an all-encompassing approach is employed to provide an updated understanding of gentrification-induced displacement. After decades of theoretical exploration, gentrification-induced displacement is no longer treated purely as a side effect of gentrification in Euro-American cities, it is now seen to be a planetary process. The chapter looks at the shared global political economy behind this controversial form of socio-spatial transformation, but also its contextual factors, including countries’ institutional and economic frameworks. In addition, the shape, scale, form, and speed of gentrification-induced displacement is discussed, plus resistance to displacement. Institutionally constraining land and housing price speculation is put forward as one way of dealing with displacement, for example, taxation on land/housing speculation through legislation or intervening in speculation on state-owned land.
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