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Finance Capital, Actor-Network Theory and the Struggle Over Calculative Agencies in the Business Property Markets of Mexico City Metropolitan Region

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  • Louise David
  • Ludovic Halbert

Abstract

David L. and Halbert L. Finance capital, actor-network theory and the struggle over calculative agencies in the business property markets of Mexico City Metropolitan Region, Regional Studies . The selective spatialities of business property in the Mexico City Metropolitan Region are explained with reference to actor-network theory. Building on a conception of markets as the outcomes of the confrontation between different calculative agencies, the paper discusses how investment managers have to negotiate the integration of new buildings and spaces into their portfolios alongside pre-existing actor-networks whose power and autonomy differ across the metropolitan area. In a fragmented city-region, the longstanding urban coalition in the central part of the area may lock out the business property development market to finance capital while some peripheral areas may be more opened up.

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  • Louise David & Ludovic Halbert, 2014. "Finance Capital, Actor-Network Theory and the Struggle Over Calculative Agencies in the Business Property Markets of Mexico City Metropolitan Region," Regional Studies, Taylor & Francis Journals, vol. 48(3), pages 516-529, March.
    • Handle: RePEc:taf:regstd:v:48:y:2014:i:3:p:516-529
    DOI: 10.1080/00343404.2012.756581
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    1. Dick Bryan & Michael Rafferty, 2006. "Capitalism with Derivatives," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-50154-6, December.
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    Cited by:

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    2. Siân Butcher, 2020. "Appropriating rent from greenfield affordable housing: developer practices in Johannesburg," Environment and Planning A, , vol. 52(2), pages 337-361, March.
    3. Antoine Guironnet & Katia Attuyer & Ludovic Halbert, 2016. "Building cities on financial assets: The financialisation of property markets and its implications for city governments in the Paris city-region," Urban Studies, Urban Studies Journal Limited, vol. 53(7), pages 1442-1464, May.
    4. Hortense Rouanet & Ludovic Halbert, 2016. "Leveraging finance capital: Urban change and self-empowerment of real estate developers in India," Urban Studies, Urban Studies Journal Limited, vol. 53(7), pages 1401-1423, May.
    5. Natacha Aveline-Dubach, 2020. "The financialization of real estate in megacities and its variegated trajectories in East Asia [La financiarisation de l'immobilier dans les mégapoles d'Asie orientale et leurs trajectoires différe," Post-Print halshs-02517518, HAL.
    6. Frances Brill, 2020. "Complexity and coordination in London’s Silvertown Quays: How real estate developers (re)centred themselves in the planning process," Environment and Planning A, , vol. 52(2), pages 362-382, March.
    7. Iain White, 2020. "Rigour and rigour mortis? Planning, calculative rationality, and forces of stability and change," Urban Studies, Urban Studies Journal Limited, vol. 57(14), pages 2885-2900, November.
    8. Hanna Hilbrandt & Monika Grubbauer, 2020. "Standards and SSOs in the contested widening and deepening of financial markets: The arrival of Green Municipal Bonds in Mexico City," Environment and Planning A, , vol. 52(7), pages 1415-1433, October.
    9. Neil Crosby & John Henneberry, 2016. "Financialisation, the valuation of investment property and the urban built environment in the UK," Urban Studies, Urban Studies Journal Limited, vol. 53(7), pages 1424-1441, May.
    10. Daniel Sanfelici & Ludovic Halbert, 2016. "Financial markets, developers and the geographies of housing in Brazil: A supply-side account," Urban Studies, Urban Studies Journal Limited, vol. 53(7), pages 1465-1485, May.
    11. Richard Ballard & Philip Harrison, 2020. "Transnational urbanism interrupted: A Chinese developer’s attempts to secure approval to build the ‘New York of Africa’ at Modderfontein, Johannesburg," Environment and Planning A, , vol. 52(2), pages 383-402, March.
    12. Frances Brill & Daniel Durrant, 2021. "The emergence of a Build to Rent model: The role of narratives and discourses," Environment and Planning A, , vol. 53(5), pages 1140-1157, August.
    13. Antoine Guironnet, 2019. "Cities on the global real estate marketplace: urban development policy and the circulation of financial standards in two French localities," Post-Print halshs-02297204, HAL.
    14. Frances Brill & Veronica Conte, 2020. "Understanding project mobility: The movement of King’s Cross to Brussels and Johannesburg," Environment and Planning C, , vol. 38(1), pages 79-96, February.
    15. Mirjam Büdenbender & Manuel B. Aalbers, 2019. "How Subordinate Financialization Shapes Urban Development: The Rise and Fall of Warsaw's Służewiec Business District," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 43(4), pages 666-684, July.

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