Amsterdam in Crisis: How the (Local) State Buffers and Suffers

Ewald Engelen and Sako Musterd

International Journal of Urban and Regional Research, 2010, vol. 34, issue 3, 701-708

Abstract: Abstract The Dutch institutional configuration is unique in its hybrid character. The specific mixture of a strong welfare state and an Anglo‐American‐oriented economy, which is even more pronounced in the case of Amsterdam, creates a buffering capacity. However, this capacity is expected to be insufficient to absorb the entire impact of the current financial and economic crises. The Amsterdam economy, segments of the housing market and urban development in general will be hard hit by the crises. The state will be reasserting itself, but will soon suffer from a lack of investment capital. Résumé La configuration institutionnelle néerlandaise est unique par son caractère hybride. La combinaison singulière d’une protection sociale forte et d’une économie d’orientation anglo‐américaine – encore plus flagrante dans le cas d’Amsterdam – crée une capacité d’amortissement. Celle‐ci devrait toutefois ne pas suffire pour absorber tout l’impact des crises financière et économique actuelles. À Amsterdam, ces dernières vont gravement affecter à la fois l’économie, certains segments du marché du logement et l’urbanisme en général. L’État se rétablira, mais ne tardera pas à souffrir d’un manque de capitaux d’investissement.

Date: 2010
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