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Financing Urban Financing Urban

Making sense of the uneven geography of urban and regional growth in the era of financialization: financial intermediation, institutions and markets

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 position. Appraisal of the role played by financial intermediation in urban and regional growth needs to be mindful of the values and perspectives not just of elites as winners of the game but also of ordinary citizens and of the losers and victims of globalization, neoliberalization and financialization