{"title":"A role for housing in development: Using housing as a catalyst for development in South Africa","authors":"A. Gunter, Kenneth Manuel","doi":"10.1177/0269094215624352","DOIUrl":null,"url":null,"abstract":"In many parts of the world, housing is as an economic commodity, with the property acting as an asset that accumulates passive wealth for the owner. This trend stems from housing markets in the Global North, yet many formal housing markets in the Global South demonstrate similar characteristics. However, in the Global South, there is a prolific shortage of housing at every level; this has pushed many individuals to seek shelter in the informal housing sector. This situation has meant that the informal housing sector and any associated economic activities are lost to the official development agenda, and housing does not contribute fully to local economic development. This article explores the role of housing in development in South Africa and how a ‘developmental state’, with a housing-driven development strategy, can accelerate development at the local level.","PeriodicalId":47006,"journal":{"name":"Local Economy","volume":null,"pages":null},"PeriodicalIF":1.8000,"publicationDate":"2016-01-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/0269094215624352","citationCount":"15","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Local Economy","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1177/0269094215624352","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 15
Abstract
In many parts of the world, housing is as an economic commodity, with the property acting as an asset that accumulates passive wealth for the owner. This trend stems from housing markets in the Global North, yet many formal housing markets in the Global South demonstrate similar characteristics. However, in the Global South, there is a prolific shortage of housing at every level; this has pushed many individuals to seek shelter in the informal housing sector. This situation has meant that the informal housing sector and any associated economic activities are lost to the official development agenda, and housing does not contribute fully to local economic development. This article explores the role of housing in development in South Africa and how a ‘developmental state’, with a housing-driven development strategy, can accelerate development at the local level.
期刊介绍:
Local Economy is a peer-reviewed journal operating as an interdisciplinary forum for the critical review of policy developments in the broad area of local economic development and urban regeneration. It seeks not only to publish analysis and critique but also to disseminate innovative practice. One particular concern is with grassroots community economic development strategies and the work of voluntary organisations, considered within the context of wider social, political and economic change.