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Title: European cities in advanced producer services and real estate capital flows: a dynamic perspective
Authors: Hoyler, Michael
Lizieri, Colin
Pain, Kathryn
Taylor, Peter J.
Vinciguerra, Sandra
Derudder, Ben
Pelckmans, Daan
Issue Date: 2014
Publisher: © Edward Elgar
Citation: HOYLER, M. ... et al, 2014. European cities in advanced producer services and real estate capital flows: a dynamic perspective. IN: Pain, K. and Van Hamme, G. (eds). Changing Urban and Regional Relations in a Globalizing World. Europe as a Global Macro-Region. Cheltenham: Edward Elgar, pp. 115 - 137
Abstract: As emphasized in Chapter 1, the implications of economic globalization for Europe have been a major concern of the European Union (EU) and its constituent member states for over a decade. As discussed in Chapter 5 the advanced global economy now functions as complex horizontal networks of firms, made possible by developments in information and communications technology (ICT) since the 1970s. A consequent paradigm shift in the spatial organization of the global economy has led the geography of territorial structures such as the EU, its nation states and their borders, to be overlaid by more fluid relational spaces generated by business networks in which cities have a critical functional role. Amongst these networks, city-located APS (advanced producer services), finance and linked business services, have come to have rising prominence in the world economy from the latter years of the twentieth century onwards, as recognized in the EU Lisbon Strategy to boost Europe's economic competitiveness in a global context (EC, 2000). Hence, in this chapter, we focus attention on the role and position of European cities in the evolving APS network economy. Advanced producer services were first identified by Friedmann (1986) as having a key role in the process of capitalist 'world city' formation and by Sassen (1991, 1994) as having complementary geographic dispersion and concentration dynamics which result in a new economic role for 'global' cities.
Description: This chapter was published in the book, Changing Urban and Regional Relations in a Globalizing World [© Edward Elgar] http://www.elgaronline.com/view/9781782544647.00014.xml
Version: Accepted for publication
DOI: 10.4337/9781782544654.00014
URI: https://dspace.lboro.ac.uk/2134/15293
Publisher Link: http://dx.doi.org/10.4337/9781782544654.00014
ISBN: 978-1-78254-464-7
Appears in Collections:Book Chapters (Geography and Environment)

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