Finanziarizzazione e mercati urbani in chiave di low geopolitics: considerazioni sul caso Milano
Abstract
Abstract
Financialization and Urban Markets through the Lens of Low Geopolitics: Reflections on the Case of Milan
The financialization of real estate has reshaped global financial geographies, clustering investments in major cities following low geopolitics strategies. This study explores the nexus between financialization and hegemony from the angle of the Milanese real estate dynamics, where sovereign and institutional funds have driven capital flows into its market, amplifying global players’ influence and highlighting the city’s dependence on global investments. Using a qualitative approach, it examines such investment trends, literature, and local-global-actor interactions. The findings show how financialization shapes low geopolitics and city diplomacy practices affecting real estate markets and call for further research on the geopolitical role of the State within such a complex phenomenon.
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