Financialization of urban development in Mexico City
Financialization is a form of capital reproduction based on investments in global financial markets. The real estate market has increasingly become a highly lucrative vehicle for the reproduction of financial capitals and has acquired a colossal scale in several cities of the world. The financializa...
Guardado en:
| Autor principal: | |
|---|---|
| Formato: | Artículo publishedVersion |
| Lenguaje: | Español |
| Publicado: |
Instituto de Geografía "Romualdo Ardissone", UBA
2021
|
| Materias: | |
| Acceso en línea: | https://revistascientificas.filo.uba.ar/index.php/RPS/article/view/10404 https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=puntosur&d=10404_oai |
| Aporte de: |
| id |
I28-R145-10404_oai |
|---|---|
| record_format |
dspace |
| spelling |
I28-R145-10404_oai2025-11-17 Delgadillo, Víctor 2021-07-10 Financialization is a form of capital reproduction based on investments in global financial markets. The real estate market has increasingly become a highly lucrative vehicle for the reproduction of financial capitals and has acquired a colossal scale in several cities of the world. The financialization of urban development is contributing to the deepening of socio-spatial segregation, urban fragmentation and the construction of an urban wastefulness, since buildings are not built according to local needs, but as financial assets in international capital markets. This article investigates how the financialization of urban development occurs in Mexico City, based on the analysis of a database of 272 large real estate developments, promoted and carried out between 2010 and 2020, with financing systems articulated to international investments. The article reviews recent Latin American contributions on the topic of financialization of urban development and housing; and analyzes the financial instruments, the real estate agents involved and the neoliberal local urban policy, which allow the capture of foreign capital in the construction of colossal real estate developments. La financiarización es una forma de reproducción de capitales basada en inversiones en los mercados financieros globales. El mercado inmobiliario se ha convertido cada vez con mayor intensidad en un vehículo altamente lucrativo para la reproducción de capitales financieros y ha adquirido una escala colosal en varias ciudades del mundo. La financiarización del desarrollo urbano está contribuyendo a la profundización de la segregación socioespacial, la fragmentación urbana y la construcción de un despilfarro urbano, pues los inmuebles no se construyen en función de necesidades locales, sino como activos financieros en los mercados de capitales internacionales. Este artículo indaga en cómo ocurre la financiarización del desarrollo urbano en la Ciudad de México, a partir del análisis de una base de datos de 272 grandes desarrollos inmobiliarios, promovidos y realizados entre 2010 y 2020, con sistemas de financiamiento articulados a inversiones internacionales. El artículo revisa las aportaciones latinoamericanas recientes sobre el tema de la financiarización del desarrollo urbano y la vivienda; y analiza los instrumentos financieros, las inmobiliarias involucradas y la política urbana local neoliberal, que permiten la captura de capitales foráneos en la edificación de colosales desarrollos inmobiliarios. application/pdf text/html https://revistascientificas.filo.uba.ar/index.php/RPS/article/view/10404 10.34096/ps.n4.10404 spa Instituto de Geografía "Romualdo Ardissone", UBA https://revistascientificas.filo.uba.ar/index.php/RPS/article/view/10404/9103 https://revistascientificas.filo.uba.ar/index.php/RPS/article/view/10404/9119 Punto Sur; No. 4 (2021): Crisis global y metamorfosis metropolitana; 99-118 Punto Sur; Núm. 4 (2021): Crisis global y metamorfosis metropolitana; 99-118 2683-7404 urban policies intensive urban development financialization Mexico City políticas urbanas desarrollo urbano intensivo financiarización Ciudad de México Financialization of urban development in Mexico City Financiarización del desarrollo urbano en la Ciudad de México info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=puntosur&d=10404_oai |
| institution |
Universidad de Buenos Aires |
| institution_str |
I-28 |
| repository_str |
R-145 |
| collection |
Repositorio Digital de la Universidad de Buenos Aires (UBA) |
| language |
Español |
| orig_language_str_mv |
spa |
| topic |
urban policies intensive urban development financialization Mexico City políticas urbanas desarrollo urbano intensivo financiarización Ciudad de México |
| spellingShingle |
urban policies intensive urban development financialization Mexico City políticas urbanas desarrollo urbano intensivo financiarización Ciudad de México Delgadillo, Víctor Financialization of urban development in Mexico City |
| topic_facet |
urban policies intensive urban development financialization Mexico City políticas urbanas desarrollo urbano intensivo financiarización Ciudad de México |
| description |
Financialization is a form of capital reproduction based on investments in global financial markets. The real estate market has increasingly become a highly lucrative vehicle for the reproduction of financial capitals and has acquired a colossal scale in several cities of the world. The financialization of urban development is contributing to the deepening of socio-spatial segregation, urban fragmentation and the construction of an urban wastefulness, since buildings are not built according to local needs, but as financial assets in international capital markets. This article investigates how the financialization of urban development occurs in Mexico City, based on the analysis of a database of 272 large real estate developments, promoted and carried out between 2010 and 2020, with financing systems articulated to international investments. The article reviews recent Latin American contributions on the topic of financialization of urban development and housing; and analyzes the financial instruments, the real estate agents involved and the neoliberal local urban policy, which allow the capture of foreign capital in the construction of colossal real estate developments. |
| format |
Artículo publishedVersion |
| author |
Delgadillo, Víctor |
| author_facet |
Delgadillo, Víctor |
| author_sort |
Delgadillo, Víctor |
| title |
Financialization of urban development in Mexico City |
| title_short |
Financialization of urban development in Mexico City |
| title_full |
Financialization of urban development in Mexico City |
| title_fullStr |
Financialization of urban development in Mexico City |
| title_full_unstemmed |
Financialization of urban development in Mexico City |
| title_sort |
financialization of urban development in mexico city |
| publisher |
Instituto de Geografía "Romualdo Ardissone", UBA |
| publishDate |
2021 |
| url |
https://revistascientificas.filo.uba.ar/index.php/RPS/article/view/10404 https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=puntosur&d=10404_oai |
| work_keys_str_mv |
AT delgadillovictor financializationofurbandevelopmentinmexicocity AT delgadillovictor financiarizaciondeldesarrollourbanoenlaciudaddemexico |
| _version_ |
1851376565444673536 |