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On contested water governance and the making of urban financialisation: Exploring the case of metropolitan São Paulo, Brazil

Author

Listed:
  • Jeroen Klink

    (Universidade Federal do ABC, Brazil)

  • Vanessa Lucena Empinotti

    (Universidade Federal do ABC, Brazil)

  • Marcelo Aversa

    (Universidade Federal do ABC, Brazil)

Abstract

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.

Suggested Citation

  • Jeroen Klink & Vanessa Lucena Empinotti & Marcelo Aversa, 2020. "On contested water governance and the making of urban financialisation: Exploring the case of metropolitan São Paulo, Brazil," Urban Studies, Urban Studies Journal Limited, vol. 57(8), pages 1676-1695, June.
    • Handle: RePEc:sae:urbstu:v:57:y:2020:i:8:p:1676-1695
    DOI: 10.1177/0042098019844390
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    References listed on IDEAS

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    2. Almeida, Renan P. & Hungaro, Lucas, 2021. "Water and sanitation governance between austerity and financialization," Utilities Policy, Elsevier, vol. 71(C).

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