The Role of Real Estate Developers in Urban Development. An interdisciplinary inquiry into the political economy of cities around the world.
As the world is predominantly - and increasingly - urban, cities will be essential to advance global prosperity and answering the great development challenges of our times. At the same time, urban development is driven by decision-making processes that transgress sectoral and geographic confinement and involve a wide range of stakeholders. While politicians or planners may often at best set out the broad spatial and functional visions of a city, other actors are in charge of putting these into reality: cities are foremost a private enterprise (Molotch and Logan 1987).
There is an increasing interest in the forces that underlie urban development. Partly triggered by the Global Financial Crisis, the attention is currently shifting from the financialization of real estate to the local landscapes of profit and powers. Real estate developers play a fundamental role in the way cities grow and consequently their socio-spatial dynamics including inequality, segregation, and (un)sustainable development. The envisioned workshop aims at contributing to this scholarly debate by highlighting different theoretical and methodological approaches to capture these complex transformation processes.
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