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Download Globalization and Local Clustering in Financial Services (Economic Geography Series) ePub

by Pierre Agnes

Download Globalization and Local Clustering in Financial Services (Economic Geography Series) ePub
  • ISBN 075463468X
  • ISBN13 978-0754634683
  • Language English
  • Author Pierre Agnes
  • Publisher Routledge (October 7, 2016)
  • Pages 180
  • Formats lrf doc txt lrf
  • Category Social Science
  • Subcategory Politics and Government
  • Size ePub 1121 kb
  • Size Fb2 1860 kb
  • Rating: 4.9
  • Votes: 161

Globalization has had a profound effect on the world of finance and banking over the past two decades. This book explores the interrelationships between factors contributing to the globalization of corporate financial services and the local geographical clustering of multinational banks within world financial centres. While globalization is said to have increased the hypermobility of financial flows, lessening the importance of place and space, banks have nevertheless remained spatially-clustered within discrete financial districts within the world's financial centres. Using Porter's framework on business clusters and embellishing it with concepts drawn from a range of disciplines, financial clustering is examined through a series of detailed financial case studies, to illustrate how global and local forces interact to create unique patterns of financial clustering. From a public policy perspective, this globalization-local clustering theme ties into broader issues concerning how national and urban governments can attract and retain foreign direct investment to sustain local economic growth and development in the face of global competition. It concludes by arguing that geography still matters despite globalization tendencies of financial services, and that governments can influence the business environment to facilitate the development of a successful financial services sector.

Globalization has had a profound effect on the world of finance and banking over the past two decades

Globalization has had a profound effect on the world of finance and banking over the past two decades. This book explores the interrelationships between factors contributing to the globalization of corporate financial services and the local geographical clustering of multinational banks within world financial centres. While globalization is said to have increased the hypermobility of financial flows, lessening the importance of place and space, banks have nevertheless remained spatially-clustered within discrete financial districts within the world's financial centres.

Financial Services Industry. Globalization and Local Clustering in Financial Services. Ashgate Economic Geography Series. By (author) Agnes Pierre-Louis. Globalization has had a profound effect on the world of finance and banking over the past two decades. From a public policy perspective, this globalization-local clustering theme ties into broader issues concerning how national and urban governments can attract and retain foreign direct investment to sustain local economic growth and development in the face of global competition.

Within these cities, banks cluster in close spatial proximity to each other, forming 'financial districts'.

Despite the globalization of financial services, multinational banks (and the production of financial services) remains highly concentrated among a network of world financial centers. Within these cities, banks cluster in close spatial proximity to each other, forming 'financial districts'. The paper begins by explaining the drivers that have contributed to the globalization of financial services during the past two decades. Part two of the paper explains 'financial districts' using Porter's framework of clusters, embellished by related literature. This conceptual framework is illustrated by case studies of two global financial service industries based on interview data.

Martin R (2011) The local geographies of the financial crisis: from the housing bubble to economic recession . Rychen F, Zimmermann JB (2008) Clusters in the global knowledge-based economy: knowledge gatekeepers and temporary proximity.

Martin R (2011) The local geographies of the financial crisis: from the housing bubble to economic recession and beyond. J Econ Geogr 11(4):587–618CrossRefGoogle Scholar. Massey D, Amin A, Thrift N (2003) Decentering the nation: a radical approach to the regions. Reg Stud 42(6):767–776CrossRefGoogle Scholar. Sassen S (2007) Globalization or denationalization?

Economic geography is the subfield of human geography which studies economic activity. It can also be considered a subfield or method in economics

Economic geography is the subfield of human geography which studies economic activity. It can also be considered a subfield or method in economics.

An Introduction to Economic Geography is an essential textbook for undergraduate students taking courses in Economic Geography, Globalisation Studies and more broadly in Human Geography. It will also be of key interest to those in Planning, Business and Management Studies and Economics.

His academic interests are connected with the analysis of problems of globalization and modernization.

Keywords: Specialization, Firm location, Geography, Innovation process, Economic policies, Economic development, Social networks, Productivity growth, Institutional alliances, Regional economies, Clusters, Market competition, Competitive advantages, Geographic distribution.

Keywords: Specialization, Firm location, Geography, Innovation process, Economic policies, Economic development, Social networks, Productivity growth, Institutional alliances, Regional economies, Clusters, Market competition, Competitive advantages, Geographic distribution, Cultural attitudes. Porter, Michael . Location, Competition, and Economic Development: Local Clusters in a Global Economy (2000). Economic Development Quarterly, Vol. 14, Issue 1, p. 15-34 2000. com/abstract 1506365.

Innovative and stimulating, this series enlivens the field of economic geography and regional development, providing key volumes for academic use across a variety of disciplines

Innovative and stimulating, this series enlivens the field of economic geography and regional development, providing key volumes for academic use across a variety of disciplines. Exploring a broad range of interrelated topics, the series enhances our understanding of the dynamics of modern economies in developed and developing countries, as well as the dynamics of transition economies.

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