Cities in a world economy volume 4 (sociology for a new century series)

FOURTH EDITION CITIES IN A WORLD ECONOMY Sociology for a New Century Series Global Inequalities, Second Edition, York W Bradshaw and Michael Wallace Economy/Society, Bruce Carruthers and Sarah Babb How Societies Change, Daniel Chirot Ethnicity and Race: Making Identities in a Changing World, Stephen Cornell and Douglas Hartmann The Sociology of Childhood, Second Edition, William A Corsaro Cultures and Societies in a Changing World, Second Edition, Wendy Griswold Crime and Disrepute, John Hagan Gods in the Global Village: The World’s Religions in Sociological Perspective, Second Edition, Lester R Kurtz Waves of Democracy: Social Movements and Political Change, John Markoff Development and Social Change: A Global Perspective, Third Edition, Philip McMichael Work in the Old and New Economies, Peter Meiksins and Stephen Sweet Aging, Social Inequality, and Public Policy, Fred C Pampel Women, Politics, and Power, Pamela Paxton and Melanie Hughes Constructing Social Research, Charles C Ragin Theories in Globalization, William Robinson Women and Men at Work, Second Edition, Barbara Reskin and Irene Padavic Gender, Family, and Social Movements, Suzanne Staggenborg SOCIOLOGY FOR A NEW CENTURY SERIES FOURTH EDITION CITIES IN A WORLD ECONOMY SASKIA SASSEN Columbia University FOR INFORMATION: Pine Forge Press An Imprint of SAGE Publications, Inc 2455 Teller Road Thousand Oaks, California 91320 E-mail: order@sagepub.com SAGE Publications Ltd Oliver’s Yard 55 City Road London EC1Y 1SP United Kingdom SAGE Publications India Pvt Ltd B 1/I Mohan Cooperative Industrial Area Mathura Road, New Delhi 110 044 India SAGE Publications Asia-Pacific Pte Ltd 33 Pekin Street #02-01 Far East Square Singapore 048763 Acquisitions Editor: David Repetto Editorial Assistant: Maggie Stanley Production Editor: Karen Wiley Copy Editor: Kim Husband Typesetter: C & M Digitals (P) Ltd Proofreader: Jennifer Gritt Indexer: William Ragsdale Cover Designer: Candice Harman Marketing Manager: Erica DeLuca Permissions Editor: Karen Ehrmann Cover Image: Hilary Koob-Sassen, Still from “Transcalar Investment Vehicles” Film London, FlAMIN Productions 2011 Copyright © 2012 by Pine Forge Press, an Imprint of SAGE Publications, Inc All rights reserved No part of this book may be reproduced or utilized in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without permission in writing from the publisher Printed in the United States of America Library of Congress Cataloging-in-Publication Data Sassen, Saskia Cities in a world economy / Saskia Sassen — 4th ed p cm — (Sociology for a new century series) Includes bibliographical references and index ISBN 978-1-4129-8803-2 (pbk.) Urban economics Metropolitan areas—Cross-cultural studies Cities and towns—Cross-cultural studies Sociology, Urban I Title HT321.S28 2012 330.9173′2—dc23 2011027766 This book is printed on acid-free paper 11 12 13 14 15 10 Brief Contents Preface to the Fourth Edition Preface to the Third Edition Preface to the Second Edition Preface to the First Edition List of Exhibits Chapter Place and Production in the Global Economy Chapter The Urban Impact of Economic Globalization Chapter Appendix Chapter National and Transnational Urban Systems Chapter Appendix Chapter The New Urban Economy: The Intersection of Global Processes and Place Chapter Appendix Chapter Issues and Case Studies in the New Urban Economy Chapter Appendix Chapter The New Inequalities Within Cities Chapter Global Cities and Global Survival Circuits Chapter The Urbanizing of Global Governance Challenges Chapter A New Geography of Centers and Margins References and Suggested Reading Index About the Author Detailed Contents Preface to the Fourth Edition Preface to the Third Edition Preface to the Second Edition Preface to the First Edition List of Exhibits Chapter Place and Production in the Global Economy Chapter The Urban Impact of Economic Globalization The Global Economy Today Strategic Places Conclusion: After the Pax Americana Notes Chapter Appendix Chapter National and Transnational Urban Systems Global Patterns of Urbanization Urbanization in Africa Today Urbanization in Asia Today Impacts on Primate Systems: The Case of Latin America and the Caribbean Impacts on Balanced Urban Systems: The Case of Europe Transnational Urban Systems Global Cities and Immigration Global Cities and Diasporic Networks A Politics of Places on Global Circuits Conclusion: Urban Growth and Its Multiple Meanings Notes Chapter Appendix Chapter The New Urban Economy: The Intersection of Global Processes and Place From the Keynesian City to the Global City The Multiple Circuits of the Global Economy The Specialized Differences of Cities Matter: There Is No Perfect Global City The Global City as a Postindustrial Production Site The Formation of a New Production Complex Corporate Headquarters and Cities An Emerging Global Labor Market Growing Segmentation in the Global Labor Market Conclusion: Cities as Postindustrial Production Sites Notes Chapter Appendix Chapter Issues and Case Studies in the New Urban Economy The Development of Global City Functions: The Case of Miami The Growing Density and Specialization of Functions in Financial Districts: Toronto The Concentration of Functions and Geographic Scale: Sydney Competition or Specialized Differences: The Financial Centers of Hong Kong and Shanghai Making New Global Circuits in Energy and Finance: The Gulf States An Old Imperial City in Today’s New East–West Geopolitics: Istanbul Globalization and Concentration: The Case of Leading Financial Centers Why Do Financial Centers Still Exist in the Global Digital Era? In the Digital Era: More Concentration than Dispersal The Space Economy of Centrality Towards Novel Spatial Formats: Global Cities and Megaregions Notes Chapter Appendix ... Urbanization in Africa Today Urbanization in Asia Today Impacts on Primate Systems: The Case of Latin America and the Caribbean Impacts on Balanced Urban Systems: The Case of Europe Transnational... EDITION CITIES IN A WORLD ECONOMY SASKIA SASSEN Columbia University FOR INFORMATION: Pine Forge Press An Imprint of SAGE Publications, Inc 245 5 Teller Road Thousand Oaks, California 91320 E-mail:... services—legal, accounting, insurance—that are key inputs for any firm managing a global network of factories, offices, and service outlets, and for any financial market operating globally The mobility