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Cities in Contemporary Capitalism

Bibliographic Data

ID4383000
AuthorsStefan Krätke (Economic and Social Geography European University Viadrina Große Scharrnstraße 59 15230 Frankfurt (Oder) Germany, corresponding author)
Year2014
Volume38
Issue5
Pages1660-1677
Publication date2014-09-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueInternational Journal of Urban and Regional Research (JOURNAL)
Journal identifiersISSN: 0309-1317 • E-ISSN: 1468-2427
PublisherWiley (PUBLISHER • GB)
DOI10.1111/1468-2427.12165
OpenAlexW2127257564
LanguageEN
Citations received30
References cited30

This article outlines essential concepts of the political economy approach of urban research and offers critical modifications and clarifications to some of its contentions concerning the functioning of cities as 'strategic places' of capital accumulation. The interrelations between contemporary capitalism and urban economic development are discussed at the scale of a transnationally extended urban system. Based on the general context of the global economic downturn, I focus on the role of cities in distinct circuits of capital, the switching of capital flows within the urban system and the different functional roles of cities within the world city network that interconnects cities both in the global North and South. I call into question the established focus of urban economic research on the role of cities as financial and service centres, arguing that cities might redirect their economic development trajectories towards 'real economy' activities, in contrast to relying on the disastrous development model of finance-dominated capitalism

Capital accumulation · Capitalism · Economic geography · Economic growth · Economic system · Economics · Economy · Financial capital · Geography · Human capital · Political science · Politics · Recession · Sociology · Urban economics · Urban planning · Global Urban Networks and Dynamics · Housing, Finance, and Neoliberalism · Law · Urban Planning and Governance

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Unique citing works30
Citations per year2,5
Citation span2014 - 2026 (13)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 28
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