ABSTRACT
The fifth chapter explores the latest mechanisms affecting the urban economy, including megaprojects and large-scale urban operations that are being developed as investment nodes of the global financial network. From regional infrastructure to shopping centers, business improvement districts, and tourism venues, financial instruments have been designed for the development of large operations that generate liquidity in a real estate market once characterized by a lack of flexibility. Various examples in Latin America show how real estate markets are being reconfigured to enable the accelerated circulation of capital, which is also being enticed by money laundering, resulting in the expansion of the urban construction sector.
