Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 7-Day Trial for You or Your Team.

Learn More →

World cities under conditions of financialized globalization

World cities under conditions of financialized globalization This paper interrogates the enduring yet changing role of world cities as centers of capitalist ‘command and control’ amidst deepening uneven development. By incorporating financialization processes in Friedmann’s (1986) world city hypothesis, we hypothesize that the world city archipelago remains an obligatory passage point for the relatively assured realization of capital. The advanced producer services complex appropriates superprofits as producers of co-constitutive knowledge on operational and financial firm restructuring, the creation of new circuits of value, and capital switching. Geographically, beyond the international financial center shortlist, the wider world city archipelago inserts finance capital (logics) in contemporary economies and societies. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Progress in Human Geography SAGE

World cities under conditions of financialized globalization

Loading next page...
 
/lp/sage/world-cities-under-conditions-of-financialized-globalization-UaVnhGcWv1

References (176)

Publisher
SAGE
Copyright
© The Author(s) 2014
ISSN
0309-1325
eISSN
1477-0288
DOI
10.1177/0309132514558441
Publisher site
See Article on Publisher Site

Abstract

This paper interrogates the enduring yet changing role of world cities as centers of capitalist ‘command and control’ amidst deepening uneven development. By incorporating financialization processes in Friedmann’s (1986) world city hypothesis, we hypothesize that the world city archipelago remains an obligatory passage point for the relatively assured realization of capital. The advanced producer services complex appropriates superprofits as producers of co-constitutive knowledge on operational and financial firm restructuring, the creation of new circuits of value, and capital switching. Geographically, beyond the international financial center shortlist, the wider world city archipelago inserts finance capital (logics) in contemporary economies and societies.

Journal

Progress in Human GeographySAGE

Published: Dec 1, 2015

There are no references for this article.