Lhasa Building Boom Heightens Divisions In Tibet By Helen ROXBURGH
07/12/21 AT 10:46 PM
Under towering mountains, cranes and newly-built blocks of flats stretch up to blue skies around the Tibetan capital of Lhasa, as a construction boom creates a two-tier system of property wealth between state workers and everyone else.
A huge infrastructure and building drive in Tibet has brought airports, roads, railways and new flats, which Beijing says are improving life across the remote mountainous plateau.
But the boom is also changing the historic Buddhist city and pushing property prices out of reach of many residents, Tibetans say, sharpening divisions in a region well-known for discontent under Chinese control.
Building boom heightens divisions in Tibet s Buddhist capital
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Lhasa building boom heightens divisions in Tibet
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This column reports on recent work presented at the first edition of the CEPR conference series on the Political Economy of Finance, which focused on the politics of regulation and central banking. The conference, held on 12 February 2021 and co-sponsored by three Dutch universities (Erasmus University Rotterdam, Tilburg University, University of Amsterdam), kickstarted the PolEconFin initiative (www.PolEconFin.org). The PolEconFin initiative comprises a conference series and an online platform, which allows researchers to share their work with a community interested in research on the political economy of finance.
Exploring political economy topics in finance research is still relatively new. The political economy of finance looks at how the design of political institutions and the distribution of political power in society affect the development and functioning of financial systems, and vice versa (see Pagano and Volpin 2001, Perotti 2014, Lambe