Foreign investors versus host communities: an urban political economy model for tourist cities

The Political Economy of Dominant Investors

We allow the preference of a political majority to determine both the corporate governance structure and the division of pro…ts between human and …nancial capital. In a democratic society where …nancial wealth is concentrated, a political majority may prefer to restrain governance by dispersed equity investors even if this reduces pro…ts. The reason is that labor claims are exposed to undiversi...

Political economy constraints for urban development

Urban Political Economy Beyond the ‘Global City’

This paper examines the relationship between urbanisation and globalisation beyond the so-called global cities that have been the focus of so much contemporary urban research. The paper argues that there is a problematic polarisation in urban studies between research on ‘global’ cities and work on presumably ‘non-global’ cities. The existing geographical literature on scale, place and uneven de...

Towards a Political Economy of Conflict in Cities

Cities generally ... comprise a motley of peoples and cultures, of highly differentiated modes of life between which there often is only the faintest communication, the greatest indifference, ... occasionally bitter strife, but always the sharpest contrast. (Wirth 1938: 20) As the world moves towards its so-called urban ‘tipping point’, urbanization in the global South has increasingly come to ...

Country-of-Origin and Industry FDI Agglomeration of Foreign Investors in an Emerging Economy

Foreign investors access local knowledge by co-locating with other foreign direct investment (FDI) firms. However, different aspects of local knowledge can be obtained from different local businesses. Thus, some foreign investors co-locate with FDI firms from the same country of origin, while others co-locate with foreign industry peers. We argue that, relative to industry FDI agglomeration, co...