- Elgar original reference
Edited by Ben Derudder, Michael Hoyler, Peter J. Taylor and Frank Witlox
Chapter 22: Grasping the Spatial Paradoxes of Finance: Theoretical Lessons from the Case of Amsterdam
22 Grasping the spatial paradoxes of finance: theoretical lessons from the case of Amsterdam Ewald Engelen INTRODUCTION Mapping the hierarchy of financial centers is a staid parlor game played by a small number of social scientists. While spatial to the bone, geographers have never succeeded in vesting a monopoly on this topic. In fact, the first post-war scholars interested in the dynamics of financial centers came from economic history. Kindleberger’s booklet of 1974 on the rise of financial centers is still the starting point for many scholars (Kindleberger, 1974). And even in the 21st century the most impressive work has come from economic historians such as Cassis (2006) and Michie (2006). The renewed interest in the fate of financial centers can be traced back to the ‘second wave of globalization’ that started in the mid 1970s. The effects of globalization 2.0 on the field of geography are hard to overestimate. Without exaggeration one could claim that without it there would have been no neo-Marshallian cluster theory, no rediscovery of industrial districts, no relational geography, no creative industry research as well as no ‘World City Hypothesis’ in its many manifestations. In this chapter, I zoom in on recent attempts to come to grips with the spatial dynamics of financial centers, focusing on the spatial paradoxes thrown up by those dynamics. In the next section I give a brief overview of the extant explanations for these dynamics. I end the section with highlighting some problems linked to these explanations. The subsequent section...
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.