The uneven impact of neoliberalism on housing opportunities

Ray FORREST, Yosuke HIRAYAMA

Research output: Journal PublicationsJournal Article (refereed)

98 Citations (Scopus)

Abstract

Neoliberalism has dominated policy discourse and policy formulation for at least two decades and has been particularly influential in reshaping housing systems and housing opportunities. The timing, pace and impact of these policy developments have, however, varied between and within societies. This article explores the experiences of Japan and the UK as a way of illustrating that while there has been a shared discourse of neoliberalism, there have been important contextual differences in relation to the economic cycle, welfare systems and political complexion. These have affected the progress and development of neoliberal policy reforms in housing and in other related spheres and the extent of global financial integration. In both countries, a key social change is the striking reduction in levels of home ownership among younger age groups. The article explores the common and different causes and consequences of these trends and points to the significance of these emerging generational fissions for the neoliberal project.
Original languageEnglish
Pages (from-to)998-1013
Number of pages16
JournalInternational Journal of Urban and Regional Research
Volume33
Issue number4
DOIs
Publication statusPublished - 1 Dec 2009
Externally publishedYes

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neoliberalism
housing
economic cycle
discourse
policy reform
reform policy
social change
policy development
ownership
development policy
age group
welfare
Japan
cause
trend
society
experience
policy

Cite this

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The uneven impact of neoliberalism on housing opportunities. / FORREST, Ray; HIRAYAMA, Yosuke.

In: International Journal of Urban and Regional Research, Vol. 33, No. 4, 01.12.2009, p. 998-1013.

Research output: Journal PublicationsJournal Article (refereed)

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AB - Neoliberalism has dominated policy discourse and policy formulation for at least two decades and has been particularly influential in reshaping housing systems and housing opportunities. The timing, pace and impact of these policy developments have, however, varied between and within societies. This article explores the experiences of Japan and the UK as a way of illustrating that while there has been a shared discourse of neoliberalism, there have been important contextual differences in relation to the economic cycle, welfare systems and political complexion. These have affected the progress and development of neoliberal policy reforms in housing and in other related spheres and the extent of global financial integration. In both countries, a key social change is the striking reduction in levels of home ownership among younger age groups. The article explores the common and different causes and consequences of these trends and points to the significance of these emerging generational fissions for the neoliberal project.

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