A New Urban Poverty? The Financial Impact on the Consumption Standard in Brazilian Slums

By Kaue Lopes dos Santos.

Published by The Social Sciences Collection

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Article: Print $US10.00
Article: Electronic $US5.00

In the last fifteen years, the globalized financial system has become interested not only in the economic transactions between global corporations, but also in capitalizing on poor urban economies. In Brazil, the financial institutions have become an essential aspect to explain the economic landscape in urban areas. With the increasing availability and access to credit in Brazilian metropolises, the acquisition of modern and sophisticated goods (such as mobile phones, DVD players, plasma televisions, microwaves and computers), particularly by those who live in poorest areas (slums) of the city has risen. The contradiction of this process lies in the fact that the number of people living in slums continues to grow once income drops and unemployment increases. Despite the consumption standard changing in Brazilian slums, people still live in neighborhoods that lack investment in their public infrastructure and services. Given these contrasts in the lives of slum dwellers, this paper explores to what extent the finances are transforming urban poverty. Are we observing a new type of urban poverty?

Keywords: Globalization, Financial Capital, Poverty, Urban Space, Slums

International Journal of Interdisciplinary Social Sciences, Volume 5, Issue 2, pp.519-524. Article: Print (Spiral Bound). Article: Electronic (PDF File; 579.627KB).

Kaue Lopes dos Santos

Master Degree Student, College of Architecture and Urbanism, University of Sao Paulo, Sao Paulo, Sao Paulo, Brazil

During my undergraduate degree in Geography at the University of Sao Paulo (2004-2007) I started to study the spatial and social contradictions of the urbanization process in Brazil. The research developed in four years became articles presented and published in Sao Paulo (2006 and 2007), Bogota (2007) and Barcelona (2008). During my master degree in Urbanism (started in 2009), I aim to understand to what extent the impact of credit in Brazilian slums is changing the urban poverty. Are we facing a new urban poverty? Regarding to this question, It was necessary to ready books and articles from different areas of Social Sciences: Geography, History, Sociology, Anthropology, Urbanism and Economy.

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