Smart Cities in the Global System of City-Regions: The French Regulation School’s Perspective

Abstract

The study aims to analyse the rise of the smart city as part of the global trend of the rise of city-regions in late capitalist society. By using the methodology of the French Regulation School (FRS), the authors show that political and economic significance of smart city projects are based on their unique role in revamping the failing consumption characteristic of the ongoing crisis of the late capitalist, or as the FRS theorists call it, the post-Fordist regime of accumulation. Through the analysis of the smart city’s role in stimulating innovations and maintaining the consumption patterns needed for the continuing market growth, the present research postulates the hypothesis of the rise of the city-centred system of global developmental governance as a necessary move along the existing trajectory of transition toward the post-Fordist system of production and regulation. The authors argue that the worldwide rise of the smart city movement should be seen through the lens of stabilization of the late capitalist mode of development. A key shift in evolution of the existing global political and economic system is the formation of networked organizations that connect smart cities of the first, global, and the second, regional, echelon into a unified system of governance, which represents a new mode of regulation for the post-Fordist society.