Re-examines the proposition of a declining signficance of the state in the global economy. Argues that this proposition has been fed by an over-emphasis on the hypermobility of capital and a conceptual background that posits a mutually exclusive relation between the national and the global. Shows that a) the state itself has been transformed by its participation in the design and implementation of global economic systems; and b) even the most global and hypermobile industries, such as finance and the advanced corporate services, are ultimately embedded in a global grid of linkages and sites with great concentrations of material facilities and work processes, many of them strategic to the operation of hypermobile capital. Because of its strategic character and the density of resources and linkages it concentrates, this global grid could be a space for focused regulatory activity by an inter-state system that has itself become more internationalized. But it would require considerable innovation in the frameworks for and objects of regulation.
Get full access to this article
View all access options for this article.
References
1.
Abu-LughodJanet Lippman (1995) “Comparing Chicago, New York and Los Angeles: Testing some world cities hypotheses” In KnoxPaul L.TaylorPeter J. (eds) World Cities in a World-System. Cambridge, UK: Cambridge University Press, pp. 171–191.
2.
AmanAlfred C.Jr. (1995) “A Global Perspective on Current Regulatory Reform: Rejection, Relocation, or Reinvention?”Indiana Journal of Global Legal Studies. Vol 2, pp. 429–464
3.
BonacichEdnaChengLucieChinchillaNormaHamiltonNoraOngPaul (eds) (1994) Global Production: The Apparel Industry in the Pacific Rim. Philadelphia: Temple University Press.
4.
CoombeRosemary J.“The Properties of Culture and the Politics of Possessing Identity: Native Claims in the Cultural Appropriation Controversy.”The Canadian Journal of Law and Jurisprudence, Vol. VI, No. 2, July 1993, pp. 249–85.
5.
CorbridgeS.MartinR.ThriftN. (eds) Money, Power and Space. (Forthcoming).
6.
CordierJean (1992) “Paris, place financiere et bancaire.” In BergerM.RheinC. (eds), L'Ile de France et la recherche urbaine. STRATES-CNRS Univ. Paris 1, et Plan Urbain-DATAR.
7.
DalyM.T.StimsonR. (1992) “Sydney: Australia's Gateway and Financial Capital” Chap. 18. In BlakelyE.StimpsonT.J. (eds) New Cities of the Pacific RimInstitute for Urban & Regional Development, University of California, Berkeley.
8.
DanielsPeter W. (1985) Service Industries: A Geographical Appraisal. London and New York: Methuen.
9.
DanielsPeter W.MoulaertFrank (eds) (1991) The Changing Geography of Advanced Producer Services. London and New York: Belhaven Press.
10.
DelauneyJean ClaudeGadreyJean (1987) Les Enjeux de la Societe de Service. Paris: Presses de la Fondation des Sciences Politiques.
11.
DracheD.GertlerM. (eds) (1991) The New Era of Global Competition: State Policy and Market Power. Montreal: McGill-Queen's University Press.
12.
DrennanMathew P. (1992) “Gateway Cities: The Metropolitan Sources of US Producer Service Exports.”Urban Studies, 29(2), 217–235.
13.
FainsteinSusan (1994) The City Builders: Property, Politics, and Planning in London and New York. Cambridge, Mass.: Blackwell.
14.
FainsteinS.GordonI.HarloeM. (1993) Divided Cities: Economic Restructuring and Social Change in London and New York. New York: Blackwell.
15.
FriedmannJohn (1986) “The World City Hypothesis.”Development and Change, 17, 69–84.
16.
FrostMartinSpenceNigel (1992) “Global City Characteristics and Central London's Employment.”Urban Studies, 30(3), 547–558.
GereffiGary (1996) “The Elusive Last Lap in the Quest for Developed Country Status.” In MittelmanJames H. (ed) International Political Economy Yearbook, Vol 9, Lynne Rienner Publishers.
19.
HitzHansruedi (eds) (1995) Financial Metropoles in Restructuring: Zurich and Frankfurt En Route to Postfordism. Zurich: Rootpunkt.
20.
JessopRobert (1990) State Theory: Putting Capitalist States in Their Place. University Park: Pennsylvania State University Press.
21.
KnoxPaulTaylorPeter J. (eds) (1995) World Cities in a World-System. Cambridge: Cambridge University Press.
22.
KooimanJanvan VlietMartin (1993) “Governance and Public Management.” In EliassenK.A.KooimanJ. (eds) Managing Public Organizations: Lessons from Contemporary European Experience. London: Sage, pp. 58–72.
23.
LeftwichA. (1994) “Governance, the State, and the Politics of Development”Development and Change, 24(4), 363–386.
24.
LevineMarc. (1993) Montreal. Philadelphia: Temple University Press.
25.
LongcoreT.R.“Information Technology and World City Restructuring: The Case of New York City's Financial District.” (Unpublished thesis, Department of Geography, University of Delaware). 1993.
26.
LyonsDonaldSalmonScott (1995) “World cities, multinational corporations and urban hierarchy: The case of the United States.” In KnoxTaylor (eds) op.cit. pp. 98–114.
27.
MachimuraTakashi (1992) “The Urban Restructuring Process in the 1980s: Transforming Tokyo into a World City,”International Journal of Urban and Regional Research, 16–1, 114–128.
28.
MarkusenA.GwiasdaV.“Multipolarity and the Layering of Functions in the World Cities: New York City's Struggle to Stay on Top.”International Journal of Urban and Regional Research. MarshallJ.N., Uneven Development in the Service Economy: Understanding the Location and Role of Producer Services. Report of the Producer Services Working Party, Institute of British Geographers and the ESRC, August 1986.
29.
MitchelsonRonald L.WheelerJames O. (1994) “The Flow of Information in a Global Economy: The Role of the American Urban System in 1990.”Annals of the Association of American Geographers, 84(1), 87–107.
30.
MittelmanJames (ed) International Political Economy Yearbook, Vol. 9, 1996.
31.
MoralesRebecca (1994) Flexible Production: Restructuring of the International Automobile Industry. Cambridge, UK: Polity press.
32.
MossMitchell (1991) “New Fibers of Urban Economic Development. Portfolio: A Quarterly Review of Trade and Transportation, 4(1), 11–18.
33.
NegriToni (1995) “A quoi sert encore l'Etat.”Pouvoirs Pouvoir, Vol. 25–26 of Futur Anterieur, pp. 135–152. (Paris: L'Harmattan).
34.
NoyelleT.DutkaA.B. (1988) International Trade in Business Services: Accounting, Advertising, Law and Management Consulting. Cambridge, MA: Ballinger Publishing.
35.
von PetzUrsula, und SchmalsKlaus M. (eds) (1992) Metropole, Weltstadt. Global City: Neue Formen der Urbanisierung. Dortmund: Dortmunder Beitrage zur Raumplanung, Vol. 60, Universitat Dortmund.
36.
PanitchLeo (1996) “Rethinking the Role of the State in an Era of Globalization.” In Mittelman (ed) op.cit.
37.
RodriguezNestor P.FeaginJ.R. (1986) “Urban Specialization in the World System.”Urban Affairs Quarterly, 22(2), 187–220.
38.
RosenauJ.N. (1992) “Governance, order, and change in world politics,” In RosenauE.O. Czempiel (eds) Governance without Government: Order and Change in World Politics. Cambridge: Cambridge University Press, pp. 1–29.
39.
SassenSaskia (Forthcoming) On Governing the Global Economy. The Leonard Hastings Memorial Schoff Lectures delivered at Columbia University, to be published by Columbia University Press.
40.
SassenSaskia (1994) Cities in a World Economy. Thousand Oaks, California: Pine Forge/Sage Press.
41.
SassenSaskia (1991) The Global City: New York, London, Tokyo. Princeton University Press.
42.
SassenSaskia (1982) “Recomposition and Peripheralization at the Core.” In Immigration and Changes in the New International Division of Labor. San Francisco: Synthesis Publications, pp. 88–100.
43.
SassenSaskiaOrlowBradley J. (1995) “The Growing Service Intensity in Economic Organization: Evidence from the Input-Output Tables.” (Department of Urban Planning, Columbia University, New York City).
44.
SmithDavid A.TimberlakeMichael (1995) “Cities in global matrices: Toward mapping the world system's city system.” In KnoxTaylor (eds) op.cit., pp. 79–97.
45.
SchwartzAlex (1992) “The geography of corporate services: A case study of the New York urban region.”Urban Geography, 13(1), 1–24.
46.
StimsonRobert J.“Process of Globalisation and Economic Restructuring and the Emergence of a New Space Economy of Cities and Regions in Australia.” Presented at the Fourth International Workshop on Technological Change and Urban Form: Productive and Sustainable Cities, Berkeley, California, USA. April 14–16, 1993.
47.
ToddGraham (1995) “‘Going Global’ in the semi-periphery: World cities as political projects. The case of Toronto.” In KnoxTaylor (eds) op.cit 192–214.
48.
TrubekDavid M.DezalayYvesBuchananRuthDavisJohn R., “Global Restructuring and the Law: The Internationalization of Legal Fields and Creation of Transnational Arenas.” Working Paper Series on the Political Economy of Legal Change. N. 1. Madison, Wisconsin: Global Studies Research Program, University of Wisconsin.
49.
United Nations Conference on Trade and Development, Programme on Transnational Corporations (1993) World Investment Report 1993: Transnational Corporations and Integrated International Production. New York: United Nations.
50.
United Nations (1992) World Investment Report 1992: Transnational Corporations as Engines of Growth. New York.
51.
WheelerJames O. (1986) “Corporate Spatial Links with Financial Institutions: The Role of the Metropolitan Hierarchy.”Annals of the Association of American Geographers, 76(2), 262–274.
52.
YoungO.R. (1989) International Cooperation: Building Regimes for Natural Resources and the Environment. Ithaca: Cornell University Press.
