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Cinturon de miseria - slum belt
This refers to the ring of slums around many (most?) cities in Latin America. Slum being rendered by Sebastian in the article I cited last week as ciudades misera was what helped me get this one. I don't like the term in either English or Spanish, as it seems to have a derogatory connotation. I prefer comunidades marginales or asentiamientos informales or something else more respectful.