Case study paper relating financialisation of the built environment to changing urban politics, social geographies, material flows and environmental improvement/degradation in Ankara

Aylin Topal, Ozlem Celik and Galip Yalman
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Aylin Topal: Middle East Technical University
Ozlem Celik: Middle East Technical University
Galip Yalman: Middle East Technical University

Working papers from Financialisation, Economy, Society & Sustainable Development (FESSUD) Project

Abstract: This paper examines transformation of urban development in its repercussions in urban politics in Ankara since the 1920s with particular emphasis on the post-1980 period. It focuses on management mentality and finance mechanisms of housing policy in the city. This case study paper on Ankara shows that integration of urban land and housing with financial markets has been one of the central tendencies of neoliberal political economy particularly in the 2000s. The paper also notes that the case study epitomizes changing role of the state in creating urban rent and enabling and fortifying the link between the construction and banking sectors.

Keywords: Ankara; housing; city planning; financialization; built environment; TOKI; Justice and Development Party. (search for similar items in EconPapers)
JEL-codes: E44 G21 R21 R31 (search for similar items in EconPapers)
Pages: 68 pages
Date: 2015-09-01
New Economics Papers: this item is included in nep-ara, nep-env, nep-his, nep-mac and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:fes:wpaper:wpaper116

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