Introducing Neo-mercantile Planning Theory

Abstract

The neo-mercantile planning theory supports the spatio-physical growth theories typology, developed along the convergence hypothesis model. It introduces the ‘Time-efficient’ effect (measured with a ‘Time-coefficient’) in planning, which classifies the time efficiency of cities to move goods and services in global space. It argues that the system of commercial nodes and their distribution in space is a function of time-efficient decision-making for demand-side trade transaction. Within neo-mercantile planning process sectoral and project planning relocates to merge with plan implementation procedures where they are subject to the provisions of spatial integration mechanisms. Also, budgeting is strategically subsumed in the neo-mercantile planning framework which has inbuilt provision for investment planning and funding strategies. In practical terms, the theory functions with an innovative spatial model for urban region development to translate growth visions of urban Africa into space. It does so with spatial integration planning (SIPs) and thematic integration planning (TIPs) instruments. Three levels of planning and six categories of spatial systems shall be integrated in line with the standards of extended metropolitan region and growth triangle models for isolated market regions.