TY - JOUR
T1 - World cities under conditions of financialized globalization: Towards an augmented world city hypothesis
AU - Bassens, D.
AU - van Meeteren, M.
PY - 2015/12
Y1 - 2015/12
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?eid=2-s2.0-84946406490&partnerID=MN8TOARS
U2 - 10.1177/0309132514558441
DO - 10.1177/0309132514558441
M3 - Article
SN - 0309-1325
VL - 39
SP - 752
EP - 775
JO - Progress in Human Geography
JF - Progress in Human Geography
IS - 6
ER -