The Open UniversitySkip to content
 

Globalisation, territory and strategic alliances in different financial centres

Budd, Leslie (1995). Globalisation, territory and strategic alliances in different financial centres. Urban Studies, 32(2) pp. 345–360.

DOI (Digital Object Identifier) Link: http://dx.doi.org/10.1080/00420989550013121
Google Scholar: Look up in Google Scholar

Abstract

The debates about globalisation, global finance and global cities appear to confuse global and international changes and seem a-historical. This paper begins with a sceptical assessment of globalisation and asks whether a globalised economy is really an internationalised one. The paper then addresses an aspect of global finance—the national impetus given to alliances between markets in major cities. The financial derivatives markets, particularly in Europe, are used to exemplify this trend and to question the degree to which electronic trading poses a threat to the economic welfare of the urban territories in which they are located. In conclusion, the prospect of major players in large financial centres becoming incorporated into the governance of urban policy is raised.


Item Type: Journal Article
ISSN: 0042-0980
Academic Unit/Department: Open University Business School
Interdisciplinary Research Centre: Innovation, Knowledge & Development research centre (IKD)
Item ID: 15018
Depositing User: Users 2400 not found.
Date Deposited: 01 Apr 2009 15:04
Last Modified: 02 Dec 2010 20:23
URI: http://oro.open.ac.uk/id/eprint/15018
Share this page:

Altmetrics

Scopus Citations

Actions (login may be required)

View Item
Report issue / request change

Policies | Disclaimer

© The Open University   + 44 (0)870 333 4340   general-enquiries@open.ac.uk