The great wager: crisis and mega-project reform in 21st-century Paris

Theresa Enright

Cambridge Journal of Regions, Economy and Society, 2014, vol. 7, issue 1, 155-170

Abstract: This article explores the dialectics of austerity and growth through contemporary urban mega-projects. In particular it considers the relationship of the Grand Paris regional development initiative to a climate of crisis. The argument put forth is that in times of fiscal stress, the state is incentivised to invest in urban services like transportation with a potential to impel economic growth. The most recent global financial crisis of 2008 brings to light contradictions within this model of austerity-growth, but the imperative of urban mega-projects reform arises out of more permanent shifts in global urbanisation from the 1970s onward.

Date: 2014
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Cambridge Journal of Regions, Economy and Society is currently edited by Judith Clifton, Anna Davies, Betsy Donald, Emil Evenhuis, Stefania Fiorentino (Associate Editor), Harry Garretsen, Meric Gertler, Amy Glasmeier, Mia Gray, Robert Hassink, Dieter Kogler, Michael Kitson, Linda Lobao, Charles van Marrewijk, Ron Martin, Peter Sunley, Peter Tyler and Chun Yang

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