By Saskia Sassen
ISBN-10: 0691078661
ISBN-13: 9780691078663
Gigantic and parallel adjustments have happened in long island urban because the past due Nineteen Seventies and in London and Tokyo because the early Nineteen Eighties. What reworked those city facilities, with their diversified histories, into "global cities" that proportion related fiscal and social buildings? Saskia Sassen argues that their extraordinary similarity arises from their place as command posts in foreign finance and complicated prone for company. mammoth and parallel alterations have happened in manhattan urban because the past due Nineteen Seventies and in London and Tokyo because the early Eighties. What reworked those city facilities, with their various histories, into "global cities" that percentage similar fiscal and social buildings? Saskia Sassen argues that their awesome similarity arises from their place as command posts in foreign finance and complicated prone for company.
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Extra info for The Global City: New York, London, Tokyo
Example text
On the other hand, the dispersion of economic activity has contributed to the reproduction of structurally differentiated labor supplies and labor markets in this otherwise homogenized economic space. The spatial and social reorganization of production associated with dispersion makes possible access to peripheralized labor markets, whether abroad or at home, without undermining that peripheral condition. Such labor markets remain peripheralized even when the jobs are in leading industries producing for the world market, for example, electronics production in Third World export processing zones.
Japanese ,. 3% of the total in 1966 but 44% by 1978. Most directly illustrative is the development of export processing zones, which began to be developed in the mid-1960s and represent an expansion of this strategy rather than its inception. How successful, or attractive, this strategy was is suggested by the fact that by the end of the 1970s there were about eighty such zones, mostly concentrated in Mexico, the Caribbean Basin, and Southeast Asia. 24 GEOGRAPHY AND COMPOSITION in manufacturing, services, and finance in the 1970s and 1980s should allow us to begin addressing the question of how the world economy is organized.
The most obvious and familiar image of the increased mobility of capital is the "runaway" shop, or the movement of manufacturing jobs from highly developed areas to less developed, low-wage areas. Perhaps as common an image is the instant transfer of money from one country to another. But capital mobility, both as a process and as a theoretical category, incorporates a number of other components of importance to the analysis in this book. Capital mobility is constituted not only in locational terms but also in technical terms, both through the technologies that render T DISPERSAL AND CENTRALIZATION 25 The decentralization of manufacturing is constituted in technical and social terms.
The Global City: New York, London, Tokyo by Saskia Sassen
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