"Quasi-Neoliberalism" Urban Development In China

ABSTRACT: The concept of ‘Neoliberliasm’ origins from economic politics which believes in the ethics of market in maximizing wealth and efficiency. Under the banner of ‘Reform and Open Policy’, a shift from planned economy to market economy can be identified in China during the 1990s. Shanghai saw the establishment of a land market with former state-owned land permitted to lease via legal procedures. The goal is to optimize land value and facilitate urban development. With the study of the urban redevelopment project in Moganshan district, Shanghai, I will argue because local government still assumes strong underlying political power with indirect interventions, the land market failed to meet its goals.

KEYWORDS: Shanghai, Moganshan, governance, Neoliberalism, urban studies

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