Abstract
The driving force of super-gentrification shapes a complex system in which multiple dynamic factors interact with each other. This paper takes the dynamic factor system of super-gentrification as the research object and uses the Interpretative Structure Modeling (ISM) to analyze these dynamic factors. The levels of these dynamic factors and the interaction between them are determined. The Cross Impact Matrix Multiplication Applied to a Classification (MICMAC) analysis is also conducted to determine the dependence power and driving power of these dynamic factors. Through analysis, it is concluded that the dynamic factors of super-gentrification are distributed on six levels. Among these dynamic factors, Transformation of Industrial Structure and Occupational Structure in Urban Central Areas, Housing Needs of Overseas Elites, Investment Needs, Development of the Real Estate Market, and Unique Areas and Lifestyle Preferences are the fundamental dynamic factors affecting super-gentrification. The findings of this paper can enrich the existing theoretical research on the driving force of super-gentrification and can provide a reference for policy makers to promote urban landscape sustainability to some extent.
Highlights
The term ‘gentrification’ was coined by Ruth (1964) based on her London research [1]
From the Interpretative Structure Model, it can be seen that the dynamic factors of super-gentrification are distributed on six levels, and the dynamic factors of each level are closely related
Each dynamic factor affects the super-gentrification through different paths and patterns
Summary
The term ‘gentrification’ was coined by Ruth (1964) based on her London research [1] She provided a long-term unified definition of gentrification, describing the phenomenon that the middle-class residents come to the city center of London, enter the declining working-class communities and transform their living environment. Super-gentrification is the conversion process of prosperous, already gentrified and solid upper-middle-class neighborhoods into much more expensive and exclusive enclaves. This type of intensified re-gentrification is happening in some specific areas of megacities, such as New York and London, which have become the focus of conspicuous consumption and intense investment by a new generation of super-rich ‘financifiers’ who are fed by fortunes from the corporate service industries and global finance [5].
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