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The Financialization of the Brazilian TerritoryFinancialization and Local Scale Dynamisms

The Financialization of the Brazilian Territory: Financialization and Local Scale Dynamisms [This chapter analyzes some of the specificities of the financialization of Brazilian territory in the local scale. First, the process of credit diffusion to low-income populations is highlighted, showing also the importance of public income distribution policies carried out between 2003 and 2016. The recent development of three main types of “local” financial agents is also explained: credit cooperatives, community banks, and fintechs. It should be emphasized that each of these, in different ways, operates from decentralized—or non-monopolistic—logics. Two of them—the cooperatives and community banks—are not strictly financial, and encourage the engagement of populations in different aspects of their local everyday life, constituting in concrete forms of possible structural changes in financialization as we know it nowadays. ] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

The Financialization of the Brazilian TerritoryFinancialization and Local Scale Dynamisms

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Publisher
Springer International Publishing
Copyright
© Springer Nature Switzerland AG 2020
ISBN
978-3-030-40292-1
Pages
105 –150
DOI
10.1007/978-3-030-40293-8_3
Publisher site
See Chapter on Publisher Site

Abstract

[This chapter analyzes some of the specificities of the financialization of Brazilian territory in the local scale. First, the process of credit diffusion to low-income populations is highlighted, showing also the importance of public income distribution policies carried out between 2003 and 2016. The recent development of three main types of “local” financial agents is also explained: credit cooperatives, community banks, and fintechs. It should be emphasized that each of these, in different ways, operates from decentralized—or non-monopolistic—logics. Two of them—the cooperatives and community banks—are not strictly financial, and encourage the engagement of populations in different aspects of their local everyday life, constituting in concrete forms of possible structural changes in financialization as we know it nowadays. ]

Published: Feb 21, 2020

Keywords: Place; Bancarization; Indebtedness; Credit cooperatives; Community banks; Fintechs

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