Few would dispute that the modern city which first emerged in Europe in the 18th century and proliferated around the globe, is still characterized in part, by the often shocking juxtaposition of areas of affluence and beauty: poverty and dilapidation. Frederich Engels and Karl Marx noted with some relish in the 19th Century, the suborn persistence of what we still recognize today as urban
... [Show full abstract] problems. Although it may be called different things in different countries: revitalisation, renewal or renaissance — rewitalizacja, regeneración urbana, урбанская регенерация, शहरी उत्थान and 城市再生 — urban regeneration remains a high profile and important field of government intervention in a host of countries around the globe. This is despite the series of recurring economic crashes which hit many countries, particularly in the Global North, in 2006/7/8. Some opinion heralded the swingeing public spending cuts which followed the credit crunch in many of these countries as a regeneration death knell. In fact economic hardship and business uncertainty necessitate continued government intervention to fund regeneration initiatives and boost confidence.
