Guilhem Fabre (2013), The Lion’s Share. What’s behind China’s economic slowdown N°53 | octobre
Following the global crisis, the stimulus package of 2009-2010, with its huge expansion of credit, marked the end of ” Cheap China “, with the underpricing of labor, capital, land, energy and currency, and disproportionally shifted growth in favor of the public sector and real estate, the lion’s share of the State-Party system. The present process of deleveraging must adress the unprecedented inequities which stem from distortions in the allocations of resources and the respective functions of the central and local governments.
Full text of the article available in ont the French openarchive HAL-EHESS
Storper, Michael (2013) Keys to the city : how economics, institutions, social interaction, and politics shape development. Princeton University Press. 288 p. ISBN: 9781400846269
Why do some cities grow economically while others decline? Why do some show sustained economic performance while others cycle up and down? In Keys to the City, Michael Storper, one of the world’s leading economic geographers, looks at why we should consider economic development issues within a regional context–at the level of the city-region–and why urban economies develop unequally. Storper identifies four contexts that shape urban economic development: economic, institutional, innovational, interactional, and political. The book explores how these contexts operate and how they interact, leading to developmental success in some regions and failure in others. Demonstrating that the global economy is increasingly driven by its major cities, the keys to the city are the keys to global development. In his conclusion, Storper specifies eight rules of economic development targeted at policymakers. Keys to the City explains why economists, sociologists, and political scientists should take geography seriously.