Estrutura econômica e mercado de trabalho

Emerging from the citizen movements of the early 2010s, New Municipalism merges the administrative capacity of municipal government with the organizational capacities of activists and social movements to build more equal, just and ecological local economies. In these contexts, Digital Municipal Currencies (DMCs) emerge as potent instruments of counter-hegemonic struggle, enabling cities to implement welfare policies and local economic revitalization. However, a trans-local paradox inheres to New Municipalism: how to remain local yet advance broader systemic transformation? This study compares three DMCs in Rio de Janeiro, addressing the paradox by introducing the notion of ‘standardized malleability’. It describes how cities adopt a uniform monetary infrastructure while adapting policies to local contexts, thus balancing local adaptation with trans-local scalability. The study reveals how the temporal dynamics of multi-scalar transformation shape the adoption patterns of DMCs across municipalities – from radical pioneer experiences to more pragmatic implementations – demonstrating that system change occurs through ‘repeated instances’ regardless of ideological orientation. Findings reveal DMCs as promising instruments for urban governance, enabling progressive policies amid financial constraints. However, their long-term viability depends on stable funding sources, prompting discussions on evolving DMC designs to enhance sustainability and wider adoption. The article ends with a reinterpretation of what constitutes ‘the political’ in multi-scalar transformation processes, from ‘radicalism’ to a shift of the boundaries of what is considered possible and the creation of new democratic spaces for co-governance.

Financialisation and housing are predominantly associated to mortgages for homeownership and securitisation techniques. This paper looks at how financial markets influence the development industry, its business strategies, and the nature and location of its products. Adopting a supply-side account, the paper inquires into the rising role of financial markets as a source of funding for a consolidating development industry and its influence on the geography of housing in Brazilian cities. It develops the concept of resonance by combining two yet unrelated strands of literature on the study of financial markets (cultural economy and conventionalist economics). Narratives co-authored by the stock market community and development firms management over each individual firm, and the discursively linked strategic moves of developers, are shown to resonate, at the meso-level of the industry, into shared social representations (or conventions) on how to best assess and interpret the value of development firms. Analysing the wave of Initial Public Offerings occurring in the mid 2000s, the paper highlights that narratives of quick capital gains associated with the removal of the land banking bottleneck faced by developers supported a convention giving priority to the growth in total output, and contributed to the observed changes in the forms, scales and locations of housing projects in Brazilian cities. As discrepancies between the promises of returns for shareholders and actual financial results emerged, the growth convention unravelled, making way for other narratives and strategic moves to resonate anew and possibly change again the geographies of housing.

The literature on urban financialisation has prioritised the analysis of what finance does in the context of industrialised countries. This paper contributes to an understanding of what it is, and specifically how it emerges from the entanglements between the accumulation of intergovernmental debt, pricing and valuation practices – involving state and municipal utilities, regulatory agencies and consultancies – in the gradual transformation of shared into shareholder water governance in Brazilian metropolitan areas. Moreover, we provide a first illustration of how a more articulate approach between political economics and social studies of finance might contribute to an understanding of the making of urban financialisation, with a particular relevance for a context of less developed capital markets.

This article analyses the influence of both contextual and individual urban characteristics on violence victimisation in Brazilian cities. A multilevel approach is used to capture the effects of the urban contextual variables with respect to the probability of becoming a robbery victim in Brazilian urban centres. The results demonstrate that factors associated with social context, such as proportions of cities’ recent migrants or female-headed households, affect victimisation, as do individual characteristics. Furthermore, based on an analysis of the intra-class correlation coefficients, the context produces a non-negligible amount of variability.

In this article I present the concept of the ‘peripheral condition’ in the context of theoretical discussion on planetary urbanization. Inspired by Neil Brenner and Christian Schmid's interpretation of urbanization, which draws from Lefebvre's oeuvre, I suggest taking into consideration Robert Kurz's key insights about the internal contradiction of capital. In this study I seek to integrate the ‘critique of value’ theory's crisis-centric approach into the literature on planetary urbanization, as it allows us to move beyond accounts that focus on extensive urbanization through operational landscapes and instead encompass the social relations that accompany it. Consequently, I argue that this comprehension reveals the periphery-form as a relevant idea to qualify discussions on planetary urbanization once an ever-growing population faces situations of precarity that were previously considered restricted to the peripheries. Hence, I suggest that planetary urbanization cannot be fully understood without considering its dark side, the peripheral condition.

The financialization of housing has been increasingly identified as an important driver of social and economic change in contemporary capitalism. Focusing on the Brazilian context, this article considers the extent to which recent changes in housing regulations, policies and markets confirm or challenge narratives about the financialization of housing in the international academic debate. I argue that while many of the trends stressed in the literature are apparent, more extreme processes of financialization within the Brazilian housing sector remain limited––not only because of institutional and regulatory constraints, path dependence or political resistance, but also because of fundamental structural conditions of Brazil's position as a peripheral economy. Three different but mutually reinforcing processes are scrutinized in order to evaluate the financialization of housing and its limits in Brazil: the re-regulation of the real estate financial sector initiated in the 1990s; the changing funding patterns among real estate companies since the mid-2000s; and the increasing commodification of housing induced by a large-scale and heavily subsidized housing program launched in 2009.

Cities have long been enmeshed in global economic and cultural networks, so the challenge is to differentiate what is distinctive in the current processes of globalization from long-standing trends. The major cities of Latin America have played an important role in global economic and political organization since the conquest of the Americas by Spain and Portugal. In Spanish America, cities such as Mexico City and Lima were important rodes in the organization both of transatlantic and transpacific trade. They were also essential elements in ordering the internal economies of the Spanish colonies so that these could contribute to the global economy (Morse, 1971). Other cities, such as Guanajua to in Mexico or Potosi in the viceroyalty of Peru performed specialized and subordinate roles within the urban hierarchy of the colonies as sites of mining and manufacturing. In Brazil, the cities were equally important in organizing the participation of the colony in the global economy of the day. Indeed, the unity of Brazil was, to a certain extent, maintained in the face of centrifugal forces by the trade and communication between its major coastal cities. With independence, the new countries of Latin America were configured around the major cities and around the economic and political projects of the elites that dominated those cities.