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Este trabalho indaga nas transformações da organização e operação do Estado, e o papel deste no desenvolvimento urbano, no período posterior à crise financeira global de 2008. Argumenta-se que a crise financeira revelou a falácia da erosão do Estado Nacional na época de globalização neoliberal, no sentido de seu ressurgir manifesto como escala de regulação chave para administrar a crise: nexo vital para o resgate do sistema financeiro global e para a imposição dos ajustes consequentes nas escalas territoriais subnacionais. Depois de uma revisão de tendências na teoria do Estado nos estudos urbano-regionais, o trabalho descreve a geografia política da crise financeira e as suas consequências urbanas imediatas, para depois analisar com mais detalhamento a implementação de políticas espaciais e as mudanças institucionais que se levaram a cabo em dois casos constantes: Birmingham (Reino Unido) e Medellín (Colômbia). Em ambos os casos se proporcionam evidências para assinalar novos, e provavelmente duradouro, processos de recentralização de poderes de regulação, uma maior intervenção direta nos assuntos locais e novas formas de conflito territorial.

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