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 Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call