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Integrating Finance into Global Production Networks

Author

Listed:
  • Neil M. Coe
  • Karen P. Y. Lai
  • Dariusz Wójcik

Abstract

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.

Suggested Citation

  • Neil M. Coe & Karen P. Y. Lai & Dariusz Wójcik, 2014. "Integrating Finance into Global Production Networks," Regional Studies, Taylor & Francis Journals, vol. 48(5), pages 761-777, May.
  • Handle: RePEc:taf:regstd:v:48:y:2014:i:5:p:761-777
    DOI: 10.1080/00343404.2014.886772
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    Citations

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    Cited by:

    1. Alex Cobham & Petr Janský & Markus Meinzer, 2015. "The Financial Secrecy Index: Shedding New Light on the Geography of Secrecy," Economic Geography, Clark University, vol. 91(3), pages 281-303, July.
    2. Gordon L. Clark, 2016. "The Components of Talent: Company Size and Financial Centres in the European Investment Management Industry," Regional Studies, Taylor & Francis Journals, vol. 50(1), pages 168-181, January.
    3. repec:oup:jecgeo:v:18:y:2018:i:1:p:1-33. is not listed on IDEAS
    4. Michiel Van Meeteren & David Bassens, 2016. "World Cities and the Uneven Geographies of Financialization: Unveiling Stratification and Hierarchy in the World City Archipelago," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 40(1), pages 62-81, January.
    5. Cornelia Staritz & Susan Newman & Bernhard Tröster & Leonhard Plank, 2015. "Financialisation, price risks, and global commodity chains: Distributional implications on Cotton Sectors in Sub-Saharan Africa," Working Papers 2015/04, Maastricht School of Management.
    6. repec:eee:rensus:v:74:y:2017:i:c:p:860-872 is not listed on IDEAS
    7. Staritz, Cornelia & Newman, Susan & Tröster, Bernhard & Plank, Leonhard, 2015. "Financialization, price risks, and global commodity chains: Distributional implications on cotton sectors in Sub-Saharan Africa," Working Papers 55, Österreichische Forschungsstiftung für Internationale Entwicklung (ÖFSE) / Austrian Foundation for Development Research.
    8. Svetlana Ledyaeva & Päivi Karhunen & Riitta Kosonen & John Whalley, 2015. "Offshore Foreign Direct Investment, Capital Round-Tripping, and Corruption: Empirical Analysis of Russian Regions," Economic Geography, Clark University, vol. 91(3), pages 305-341, July.
    9. Tröster, Bernhard & Staritz, Cornelia, 2015. "Global commodity chains, financial markets, and local market structures: Price risks in the coffee sector in Ethiopia," Working Papers 56, Österreichische Forschungsstiftung für Internationale Entwicklung (ÖFSE) / Austrian Foundation for Development Research.
    10. Daniel Haberly & Dariusz Wójcik, 2015. "Regional Blocks and Imperial Legacies: Mapping the Global Offshore FDI Network," Economic Geography, Clark University, vol. 91(3), pages 251-280, July.
    11. Gordon L. Clark & Karen P. Y. Lai & Dariusz Wójcik, 2015. "Editorial Introduction to the Special Section: Deconstructing Offshore Finance," Economic Geography, Clark University, vol. 91(3), pages 237-249, July.

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