Table of Contents
Urban Studies Research
Volume 2011, Article ID 989676, 13 pages
http://dx.doi.org/10.1155/2011/989676
Research Article

Producing a “Successful City”: Neoliberal Urbanism and Gentrification in the Tourist City—The Case of Palma (Majorca)

Research Group for Sustainability and Territory (GIST), Department of Earth Sciences, University of the Balearic Islands, 07122 Palma, Spain

Received 1 December 2010; Revised 29 April 2011; Accepted 5 July 2011

Academic Editor: Mike Raco

Copyright © 2011 Sònia Vives Miró. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

Since the 1990s, the intensification of capital accumulation, especially in its financial dimension, has been one of the keystones for the triumph of neoliberalism. Spanish neoliberal policies have focused on the flexibilization of the real estate sector, leading to the specialization in the secondary circuit of accumulation. This has generated a third real estate boom which has been accompanied with an outstanding housing bubble. The Balearic Islands are a paradigmatic case within these logics, tourist specialization being the main trigger of the process. In Palma, the region's capital, neoliberal urban planning policies have been implemented in order to convert it into a “successful city” within the global urban network competition. These policies have led to Palma's uneven geographical development through processes like gentrification, as is the case of the Gerreria, a neighborhood of Palma's city center.