SOC 470 Lecture Notes - Lecture 5: Urban Renewal, Global Exchange, Global City

• School: Ryerson University
• Department: Sociology
• Course: SOC 470
• Professor: cherylteelucksingh

Document Summary

1a) urban growth machines theory: cities as growth machines (logan and molotch, 1987) Urban developments fueled by a powerful elite or influential actors who are eagar to promote their own interests. This should seem like a positive thing, but urban political economy says that this is growth dictated by these elite players, and it is growth that may not be in the best interest of cities. Urban growth ofte(cid:374) leads to te(cid:374)sio(cid:374)s (cid:271)et(cid:449)ee(cid:374) (cid:272)o(cid:373)(cid:373)u(cid:374)ity groups, a(cid:374)d ofte(cid:374) does(cid:374)"t take i(cid:374)to account homeless people, people who are renting, etc. Ex: 1970s/1980s, toronto urban reform create mixed income housing in downtown toronto. 1b) globalization and cities: globalization broadly characterized as: Internationalization of the market economy = global exchange of capital. This was facilitated started in the 80s and 90s, and was normalized through technology. Capital moves easily, it is very simple to send money around the world. Removal of trade barriers to facilitate export markets.