Suchergebnisse

Purpose The continuation of globalisation and liberalisation processes has prompted the restructuring of many national and local property markets. The research examines the evolution of Istanbul's retail property market to identify how global and local agents engage with one another to produce a unique "glocalized" outcome. Design/methodology/approach The morphogenetic approach is adapted and applied to analyse the dynamics of market change. The focus is on the character and behaviour of national and international market actors and how they interact with the wider political economy. The research uses a combination of elite interviews, document analysis and corporate case studies to obtain empirical evidence. Findings The liberalisation of the Turkish economy heralded the entry of the first international companies into Istanbul's retail property market in the 1990s. International involvement expanded rapidly after 2004, accelerating the process of market re-structuring. However, while the number of global buy-outs increased, the expansion of local property companies–and the establishment of some international/national corporate partnerships–was even more marked. This resulted in a "glocalised" market with a strong and distinctive local culture. Originality/value Istanbul has been a major centre of trade for millenia. This is the first substantive analysis of the recent restructuring of the city's retail property market. Previous research on market maturity and market evolution has paid limited attention to the dynamics of change. The paper describes the use of a process-based theoretical framework (morphogenesis) that was explicitly designed to analyse structural shifts in socio-economic conditions through an examination of the characteristics and behaviours of the actors involved.

Variations in the character, performance and impact of policies and practices to capture land value for the community are usually examined by analysing experience in different countries. Such international comparative research is cross-sectional and does not cover the evolving relations between systems of land value capture and the economies, polities and societies within which they are set. The paper examines the relations in England between the extant political economy and supporting ideologies, and the distinctive forms of land value capture that they produced. It traces the shift from a top-down, strategic approach in an era of corporatist government before 1979 to the subsequent extension and consolidation of bottom-up practice set within the context of neoliberalism. The analysis highlights the evolution of the idea of land value capture and the policies and practices associated with it, especially the contestation that informed such changes.

Over the last 50 years there has been a paradigmatic shift in the climate of ideas and governing orthodoxy from Keynesian-corporatism to neoliberalism. Such paradigms provide the philosophical goals that are pursued by policy and practice and determine what are considered to be the legitimate means of attaining those goals. We use evolving policy and practice relating to the protection and management of street trees as a vehicle for examining the relations between the competing paradigms of corporatism and neoliberalism, and the ways that they are expressed 'on the ground'. In doing so we highlight the tensions between the amenity value and the economic value of street trees and between techniques for their estimation. The legitimacy of measures of the former, such as Helliwell and CAVAT, that embody corporatist concepts are subject to continuing challenges based on their (lack of) scientific rigour or economic principle. The strengths of measures of the latter, such as i-Tree, are emphasised on the same grounds. Such is the success of these efforts that the equation of the value of a street tree with an estimation of the price that people will pay for the ecosystem services it delivers is not seen as controversial.