Alternative-substitute business models and the Provision of Local Infrastructure: Alterity as a Solution to Financialization and Public-Sector Failure
Research output: Contribution to journal › Article › peer-review
- The University of Hong Kong
- Newcastle University
- Cardiff University
Everyday living is supported by an array of services provided by a complex local infrastructure nexus that is financed and funded by the public, private and third sectors. The on-going debate on the financialization of infrastructure has neglected to explore the provision of local infrastructure in places experiencing infrastructural exclusion. This paper seeks to contribute toward filling this gap by exploring local infrastructure in the UK that has been provided by blending non-capitalist with capitalist activities. In other words, the provision of local infrastructure using an ‘alternative’ approach that attempts to address infrastructure exclusion by filling gaps in the provision of local infrastructure. The question is: how is infrastructure provided when it does not meet either a value for money calculation undertaken by the state or does not meet the investment profile required by capital markets? The paper is the first to develop a dialogue between three unrelated literatures - financialization, business models and alterity – by developing a conceptual framework for exploring local infrastructure that is provided by alternative-substitute business models. The paper explores this approach through the analysis of two alternative infrastructure projects – Broadband 4 the Rural North and Malvern’s heritage gas lamps.
This is an interdisciplinary publication that includes authors from transport planing (Lee), Civil Engineering (Dawson and Rogers), applied economics (Song), a practitioner (Mulhall) and Bryson (Economic Geography).
|Pages (from-to)||25 - 34|
|Early online date||6 Jul 2018|
|Publication status||E-pub ahead of print - 6 Jul 2018|
- local infrastructure, alterity, business models, alternatives, non-monetized inputs, finacialization, finance, funding, broadband, street lighting