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Spatial Policy Since the Global Financial Crisis

Lookup NU author(s): Professor Danny MacKinnonORCiD, Professor Andy Pike

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This work is licensed under a Creative Commons Attribution 4.0 International License (CC BY 4.0).


Abstract

Renewed political concern about geographical inequalities in the wake of the global financial crisis of 2008 raises questions about the ability of the prevalent pre-crisis model of development to generate more spatially balanced and inclusive economies. In this paper, we connect spatial polarisation and the ‘geography of discontent’ to the extended crisis of neoliberal capitalism after the 2008 crisis. The paper provides a conjunctural analysis of spatial policy since the crash, viewing this period as one of economic stagnation, instability and turbulence. It interprets recent reorientations of spatial policy involving the adoption of new strategies for ‘left behind places’ as part of an on-going process of regulatory experimentation seeking to address discontent and spatial polarisation as symptoms of the legitimacy crisis of late neoliberalism. Thus far, we argue, such policies tend to treat the symptoms of ‘left-behindness’, rather than addressing the wider structural causes of decline and marginalisation, meaning that they are unlikely to reduce spatial inequalities and assuage discontent.


Publication metadata

Author(s): Mackinnon D, Kinossian N, Pike A, Beal V, Lang T, Rousseau M, Tomaney J

Publication type: Article

Publication status: Published

Journal: European Urban & Regional Studies

Year: 2024

Pages: epub ahead of print

Online publication date: 22/11/2024

Acceptance date: 01/09/2024

Date deposited: 13/09/2024

ISSN (print): 0969-7764

ISSN (electronic): 1461-7145

Publisher: Sage

URL: https://doi.org/10.1177/0969776424128737

DOI: 10.1177/0969776424128737


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Funding

Funder referenceFunder name
Economic and Social Research Council (ESRC)
ES/V013696/1

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