248 pages | 26 B/W Illus.
This book explores the impact of finance on urban spaces as well as cities' role in the social constitution and dissemination of financial logics and techniques. It brings together literatures 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, etc., 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 it 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.
Introduction; 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; Conclusion; Index
This series is published in conjunction with the School of Planning, Design, and Construction at Michigan State University, USA.
Providing cutting edge interdisciplinary research on spatial, political, cultural and economic processes and issues in urban areas across the US and the world, books in this series examine the global processes that impact and unite urban areas. The organizing theme of the book series is the reality that behavior within and between cities and urban regions must be understood in a larger domestic and international context. An explicitly comparative approach to understanding urban issues and problems allows scholars and students to consider and analyse new ways in which urban areas across different societies and within the same society interact with each other and address a common set of challenges or issues. Books in the series cover topics which are common to urban areas globally, yet illustrate the similarities and differences in conditions, approaches, and solutions across the world, such as environment/brownfields, sustainability, health, economic development, culture, governance and national security. In short, the Global Urban Studies book series takes an interdisciplinary approach to emergent urban issues using a global or comparative perspective.