Alternative-substitute business models and the Provision of Local Infrastructure: Alterity as a Solution to Financialization and Public-Sector Failure

Research output: Contribution to journalArticlepeer-review

Authors

External organisations

  • The University of Hong Kong
  • Newcastle University
  • Cardiff University

Abstract

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.

Bibliographic note

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).

Details

Original languageEnglish
Pages (from-to)25 - 34
JournalGeoforum
Volume95
Early online date6 Jul 2018
Publication statusE-pub ahead of print - 6 Jul 2018

Keywords

  • local infrastructure, alterity, business models, alternatives, non-monetized inputs, finacialization, finance, funding, broadband, street lighting