This book explores the impact of finance on urban spaces as well as cities' role in the social constitution and dissemination of financial logistics and techniques. It brings together literature from different disciplinary areas to increase our understanding of financialization.
It observes how non-financial members of society, such as public bureaucrats, urban planners, the media and so on, are actively involved in the financialization of urban areas. With an explicit focus on Brazil, a developing country in the Global South, the book demonstrates how the country has been grappling with complex and contradictory processes of neoliberalization, decentralization, re-democratization and institutional-legal strengthening of frameworks for urban and regional planning, stressing the relations between urban space and finance capital.
With a distinct view of filling a gap in the current literature on urban financialization, the book aims to focus on less developed areas in this field and link them with the literature on social studies of finance. This makes the text relevant for academics and scholars of urban studies and planning theory, geography, development studies and political economy, as well as scholars in the US and Europe interested in understanding Brazilian patterns of financialization.
Table of Contents
1 A conceptual primer on (urban) financialization
2 State spaces, financialization of cities and the urbanization of finance in the Global South
3 State spaces, urban rents and finance in the Brazilian development trajectory
4 Planning, projects and profitability: The role of financial and institutional devices in the urbanization of finance
5 On contested water governance and the making of urban financialization: Exploring the case of metropolitan
São Paulo, Brazil
6 Building within the limits? A closer look at the “My House, My Life” Program in the outskirts of metropolitan São Paulo
7 On reframing the capital market–austerity nexus and the emerging governance of urban securitization
Jeroen Klink is a Dutch economist who works as a professor of economics and urban planning at the Universidade Federal do ABC (São Paulo, Brazil). He has published several books and papers on metropolitan governance, economic restructuring in cities and the role of finance.