Key Findings and Theoretical Implications

Abstract

The chapters by Joo, Gerardo del Cerro Santamaría, and Bunnell have shown that UMPs go beyond the local scale regarding development, implementation, and consequences. In fact, as they argue the projects in South Korea, Bilbao, and Kuala Lumpur obey a logic of reterritorialization à la Brenner, whereby the regional or national state actively participates in urban development by designing urban policies and projects which, in turn, exhibit political, economic, and visual dimensions going beyond the frontiers of the urban realm. This tendency has implications for the role of local politics in UMPs. Local political conditions (e.g., a housing shortage or a desire for global visibility) play a prominent role in the implementation of UMPs, as shown by the Bundang and Ilsan new towns in South Korea as well as Bunnell´s recounting of the reimagining of Kuala Lumpur. In Korea, strong central government control over the real estate market led to addressing the housing shortage and preventing real estate speculation; the chronic housing shortage, with the increased economic power of individuals, resulted in distinctive advance-sale and dual-pricing systems for new apartment units. The huge unmet housing demand in Korea during relative economic prosperity quickly filled Bundang and Ilsan’s housing units with new residents, contributing to the new towns’ successful outcomes.

Citation

del Cerro Santamaría, G. (2013), "Key Findings and Theoretical Implications", del Cerro Santamaría, G. (Ed.) Urban Megaprojects: A Worldwide View (Research in Urban Sociology, Vol. 13), Emerald Group Publishing Limited, Leeds, pp. 317-335. https://doi.org/10.1108/S1047-0042(2013)0000013018