The world cities of Hong Kong and Singapore: Network hubs of global finance

The world cities of Hong Kong and Singapore, former creations of British colonialism, gained prominence as global financial centers primarily from decisions of firms headquartered in the core of Europe and North America to base their senior management in Hong Kong for Asia-Pacific and Singapore for...

Full description

Saved in:
Bibliographic Details
Published in:International journal of comparative sociology 2015-06, Vol.56 (3-4), p.198-231
Main Author: Meyer, David R
Format: Article
Language:English
Subjects:
Cities
Colonialism
Competitive advantage
Decisions
Experts
Exploitation
Finance
Financial services
Global cities
Knowledge
Management
Prominence
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The world cities of Hong Kong and Singapore, former creations of British colonialism, gained prominence as global financial centers primarily from decisions of firms headquartered in the core of Europe and North America to base their senior management in Hong Kong for Asia-Pacific and Singapore for Southeast Asia. This study uses qualitative interviews with financiers in both cities to examine how they use their networks to produce financial services from core-contending centers in a regional economy containing mostly core-contending, semiperipheral, and peripheral countries. The results reveal that Hong Kong’s and Singapore’s financiers and their firms gain competitive advantages in producing financial services from their network exploitation of their access to sophisticated information, knowledge, and expertise about Asia.
ISSN:0020-7152
1745-2554
DOI:10.1177/0020715215608230