Integrating Finance into Global Production Networks

By Neil M. Coe, Karen P. Y. Lai, Dariusz Wójcik. 2014

218 citations recorded by the source corpus.

Coe N. M., Lai K. P. Y. and Wójcik D. Integrating finance into global production networks, Regional Studies. While successful in its aim of ‘globalizing’ regional development, the global production network (GPN) approach has thus far paid less attention to the role of finance in the dynamics of the global economy and regional development. This lacuna is significant as finance is arguably even more globalized and networked than production. To address this gap the paper distils the concept of the global financial network (GFN) from financial geography and related scholarship, with advanced business services, world cities and offshore jurisdictions at the core. Interactions between the GPN and the GFN are discussed, focusing on the financing and financializing of GPNs and the co-evolution of globalization and financialization. Integrating finance into GPN research entails more than a simple extension of the approach; it would also enrich it conceptually, and enable it methodologically and empirically.

Subfields: Finance, Strategy and Management, Urban Studies

View Paper: https://www.semanticscholar.org/paper/e3498046b31834fcf393accf57163bdf4c2348b8

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Finance

1. David Bassens
2. Karen P. Y. Lai
3. M. Samers
4. Michiel van Meeteren

In Strategy and Management

1. David Bassens
2. Karen P. Y. Lai
3. M. Samers
4. Michiel van Meeteren

In Urban Studies

1. Michiel van Meeteren
2. David Bassens
3. Karen P. Y. Lai
4. M. Samers

Citations in the corpus

• World cities under conditions of financialized globalization (2015, background): “Such an augmentation blurs differences between world cities research and financial geography since the social processes and associated geographies overlap significantly (Coe et al., 2014; Sassen, 2010; Wójcik, 2013b).”
• Towards an economic geography of FinTech (2020, background): “While Coe et al. (2014) identify finance and advanced business service firms (e.g. law and accounting firms) as vital actors in GFNs, technology firms are playing increasingly important roles in these interlocking FinTech ecologies (Lai, forthcoming).”
• The political economy of technological capabilities and global production networks in South Africa’s wind and solar photovoltaic (PV) industries (2017, unknown): “We also speak to a number of gaps that have been identi fi ed within the GPN literature, including an analysis of the role of fi nance (Coe et al., 2014), considerations of competitive dynamics (Coe & Yeung, 2015), greater consideration of the political economy of trade, development and geographical…”