Global funding and shopping centers in Buenos Aires: A study of IRSA

Authors

  • Ivana Socoloff Universidad de Buenos Aires

Abstract

At social science level, studies focused on shopping centers criticize the type of sociability and urbanity generated by these spaces. It is also possible to find studies that refer to them as a mere expression of globalization and fixed financial capital. However there is little research focused on explaining how capital is fixed through the analysis of local actors involved in production and funding activities. In this way, we propose to analyze the process of economic concentration which shopping centers have been subject to in Buenos Aires, most notably in the case of Inversiones y Representaciones SA (IRSA) —the main owner of shopping centers in Buenos Aires. This paper discusses the fact that the concentration experienced by this sector is the result of the local mediation pursued by IRSA as an investment manager of global funds targeting the real estate market in emergent economies.

Author Biography

Ivana Socoloff, Universidad de Buenos Aires

BA in Sociology, UBA. MSc in Social Sciences, EHESS (Paris). PhD in Social Sciences, Faculty of Social Sciences at UBA. CONICET Postdoctoral fellow at the Institute of Latin American and Caribbean Studies (IEALC) (Faculty of Social Sciences, University of Buenos Aires)