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Consumption and Property Development in the CBD
Stockholm University, Faculty of Social Sciences, Department of Human Geography.
2007 (English)Conference paper (Other academic)
Abstract [en]

This paper highlights that urban consumption and property development are interrelated in multiple ways and that these intersections are important for city formation processes generally, but particularly apparent in CBD reconfigurations, as well as for the practices of the new global cultural economy. The real-estate sector is significantly dependent upon global linkages but also much entangled with local institutions and other actors such as retail firms. The public sector still play an important role in the CBD encouraging particular projects based on a certain type of politics. A global urban politics where the built environment and representations of the city are seen as essential for attracting investments and putting the city on the global map, thus much dependent on property development and the real estate sector, and underpinned by assumptions of interurban competitiveness and specific forms of urban consumption. These different types of intersections and relations are explored through examples from Stockholm, but in a global perspective with Sydney as a particular referent. The paper argues firstly that new spatial configurations of consumer service spaces emerging in and around CBDs are especially important intersections, critical for both local urban development and the global economy as well as for social everyday life in the city. Secondly, that in order to appreciate the value of these spaces it is necessary to populate city formation processes and global urban politics with people and things, i.e. with producers and consumers of the spaces and the service practices and the product transactions constituting them.

Place, publisher, year, edition, pages
URN: urn:nbn:se:su:diva-28353OAI: diva2:223874
Meeting of The AAG, April 17-21 2007, San Francisco, CA
Available from: 2009-06-15 Created: 2009-06-15 Last updated: 2012-02-01Bibliographically approved

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Smas, Lukas
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