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Globalisation, Territory and Strategic Alliances in Different Financial Centres

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  • Leslie Budd

    (Department of Economics, London Guildhall University, 84 Moorgate, London, EC2M 6SQ, UK)

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.

Suggested Citation

  • Leslie Budd, 1995. "Globalisation, Territory and Strategic Alliances in Different Financial Centres," Urban Studies, Urban Studies Journal Limited, vol. 32(2), pages 345-360, March.
    • Handle: RePEc:sae:urbstu:v:32:y:1995:i:2:p:345-360
    DOI: 10.1080/00420989550013121
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    References listed on IDEAS

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    1. William J. McDonough, 1993. "The global derivatives market," Quarterly Review, Federal Reserve Bank of New York, vol. 18(Aut), pages 1-5.
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    Cited by:

    1. Bas Karreman, 2009. "Financial Geographies And Emerging Markets In Europe," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 100(2), pages 260-266, April.

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