How does economic globalization change cities? Specifically, how do new spatial patterns emerge in rapidly developing cities at the periphery of the advanced capitalist world? The ongoing process of economic transformation linking three cities – Budapest, Istanbul, and Warsaw – to the global economy has an enormous impact on their spatial structures. While their new spatial elements are similar, the local conditions shaping recent changes are not. This study examines the differences in institutional settings and looks beneath the surface of the new urban landscape. It explains how traditions, values, and power structures shape the social, economic, and political deregulation in these cities. Three local effects are highlighted here: the shift from municipal government to governance; the relaxation of urban planning regimes; and the deregulation of financial systems. These institutional changes are viewed in relation to their impact on urban property markets.
Eburon Publishers
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