Transnational gentrification: Globalisation and neighbourhood change in Panama’s Casco Antiguo

Sigler, Thomas and Wachsmuth, David (2015) Transnational gentrification: Globalisation and neighbourhood change in Panama’s Casco Antiguo. Urban Studies, 53 4: 705-722. doi:10.1177/0042098014568070


Author Sigler, Thomas
Wachsmuth, David
Title Transnational gentrification: Globalisation and neighbourhood change in Panama’s Casco Antiguo
Journal name Urban Studies   Check publisher's open access policy
ISSN 0042-0980
1360-063X
Publication date 2015-01-29
Year available 2015
Sub-type Article (original research)
DOI 10.1177/0042098014568070
Open Access Status
Volume 53
Issue 4
Start page 705
End page 722
Total pages 18
Place of publication London, United Kingdom
Publisher Sage Publications
Collection year 2015
Language eng
Formatted abstract
Drawing upon the case of Panama’s Casco Antiguo, this paper establishes the theoretical concept of ‘transnational gentrification’: a process of neighbourhood change both enabled by and formative of a spatially embedded transnational ‘gentry’ whose locational mobility creates new possibilities for profitable housing reinvestment in geographically disparate markets where such possibilities would not have otherwise existed. Globalisation does not just create a common political-economic structure driving urban change or a common ideology for a gentrifying cohort. In this case, it creates historically and geographically specific connections between places, which themselves can become pathways along which gentrification processes propagate, connecting local capital to international consumer demand. The case of the Casco Antiguo offers a provocative inversion of a standard critical narrative of globalisation, whereby capital is freed from national constraints and able to roam globally while people largely remain place-bound. In the Casco Antiguo, residents are transnational and property developers are local.
Keyword Gentrification
Globalisation
Latin America
Panama
Urban redevelopment
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: School of Geography, Planning and Environmental Management Publications
Official 2016 Collection
 
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Created: Mon, 09 Feb 2015, 14:08:20 EST by Thomas Sigler on behalf of School of Geography, Planning & Env Management