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Panel 66. The political economy of peripheral urbanization: financialization, corporate power, extractivism and dependency.


  • Michael Janoschka, Karlsruhe Institute of Technology, Alemania
  • David Kornbluth, Universidad de Chile
  • Michael Lukas, Universidad de Chile
  • Nadine Reis, Colegio de México


This session welcomes scholarly contributions that examine the processes of urbanization within the context of  peripheral capitalism, utilizing the lens of critical political economy. For over a decade, the analysis of ‘peripheral urbanization’    has been predominantly framed within the realm of  postcolonial urban studies.  Such studies have conceptualized this phenomenon  as popular urbanization, adopting methodologies grounded in  urban anthropology and ethnography, and emphasizing  the micro-politics associated with  auto-construction-led urban development  (Caldeira 2017). 

However, in recent years, there has been a notable resurgence in the application of political economy paradigms to interpret urbanization processes in the global South. This revival  often aligns with  established Latin American traditions within  the Social Science (Reis and Lukas 2022). Through this lens, several critical issues emerge prominently, including the dynamics of subordinated financialization (Reis and Antunes 2021), infrastructure-led development strategies (Kanai and Schindler 2022), patterns of extractivist urbanization (Arboleda 2020, Bayon and Moreano 2023) and the influential role of corporate power (Kornbluth 2021) in shaping urban trajectories. These perspectives enrich our understanding of the multifaceted dimensions underpinning  urban development in the Global South and offer nuanced insights into the economic, political and social forces that contribute to the character and pace of urbanization within contexts of peripheral capitalism.

The session is particularly concerned with the elucidation and examination of theoretical and methodological approaches that facilitate a nuanced understanding of the intersection between local and regional, socio-spatial and political-economic transformation   and the evolving dynamics of global capitalism. Our objective is to bridge  the hitherto discrete dialogues on a range of topics, including the financialization of (urban) infrastructures and housing (Rufino 2023; Salinas and Janoschka 2023), the circulation of rent (Arboleda and Purcell 2021), and the super-exploitation of labor in cities of the Global South (Antunes de Oliveira 2021; Portes Virinio et al 2023). We welcome contributions that engage with neo-Marxist class analysis, dependency theory and critical perspectives on global value, wealth and poverty chains, offering fresh perspectives on their roles in shaping urbanization and regional development in the global South. By fostering an integrative discourse, we aim to unravel the intricate relationships binding urban and regional development to broader economic and political forces inherent in contemporary capitalism.

Centro de Estudios de Conflicto y Cohesión Social.

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