Urban accumulation downturn in Brazilian cities: the state crisis in view of the market crisis

Abstract The simultaneity between the economic crisis of the Brazilian state and the crisis of the real estate market raises the hypothesis that there has been a downturn in the urban accumulation process in Brazilian cities. Both crises are situated in the broader context of the global economic crisis that has been affecting developed and peripheral capitalist countries since 2008. In Brazil, it has been associated with a political governability crisis that has had implications for governance arrangements based on public-private partnerships, and also for entrepreneurship models that have supported large urban projects conducted by strategic planning policies in states and metropolitan municipalities in recent years. This article evaluates the sustainability capacity of the urban accumulation dynamics in view of the downturn in real estate production.