Making sense of the uneven geography of urban and regional growth in the era of financialization: financial intermediation, institutions and markets
Abstract
This critical engagement with Gordon Clark’s inspirational (re)interpretation of uneven urban and regional growth in the era of financialization calls for a wider concept of financial intermediation that embraces not just the linking of savers and investors but more importantly the development of securitized products. Special attention is drawn to the economic, social and political conditions enabling financial intermediation and investment in urban infrastructure to assume a prominent...