– Juvaria Jafri – Philanthrocapitalism rests on the notion that philanthropy can be more successful when it is more like business. This view is an invitation to global financial capital to chase more than just profit, and to also seek social and environmental goals, particularly to address the challenges of global poverty and climate change. The […]
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Book Launch: International Financial Centres after the Global Financial Crisis and Brexit
Edited by Youssef Cassis and Dariusz WójcikMonday 17th of September, 4.30pm – 7pm10-11 Carlton House Terrace, St. James’s, London SW1Y 5AH, UK As well as marking the tenth anniversary of the collapse of Lehman Brothers and the consequent unleashing of the global financial crisis, 2018 is also the year of negotiations on the terms of […]
Continue readingPhilanthro-capitalism, social enterprises, and global development
– Dennis Stolz and Karen P.Y. Lai – While the 2008 global financial crisis created financial meltdown as well as socio-economic crisis of unprecedented scale, the super-rich capitalist class is also using financial logics and instruments in philanthropy as a vehicle to soothe critics of global finance. With a new profit-oriented model of philanthropy, ultra-wealthy […]
Continue readingCreating institutional power in financialised economies: The firm-profession nexus of advanced business services
– Sabine Dörry – Despite major crises, financial capitalism is enjoying a period of relative stability. Financial powers – underpinned by the financialisation imperative of the 21st-century capitalist order – are robust and dynamically reinforce the global system’s principal traits and values. The advanced business services (ABS) sector ties in closely with these dynamics and […]
Continue readingFinancialising the State: Recent developments in fiscal and monetary policy
– Ewa Karwowski, Marcos Centurion-Vicencio – The financialisation of the state is widely assumed but rarely analysed in detail. After all it is rather difficult to imagine that “the role of financial motives, financial markets, financial actors and financial institutions” (Epstein 2005: 3) can increase in importance without at least some support from public policy […]
Continue readingThe geographies of financial activities within an emerging international financial center: the case of Beijing
– Fenghua Pan, Sarah Hall, Hua Zhang – Despite Beijing being the well-known political center of China, its reputation as an international financial center (IFC) lags behind that of Shanghai. In the past decade, the financial sector in Beijing has experienced unprecedented growth and Beijing has strengthened its competitiveness as a financial center. This paper […]
Continue readingCall for Chapters – Geobanking in the world economy: exploring the links between States’ geoeconomic strategies, financial institutions and firms’ internationalization
Analyses of the financial system from various disciplines has yet to fully explore the connections between the geopolitical and geoeconomic discourses shaping States’ public finance and foreign policy, the role and localization of financial institutions and the evolution of international patterns of firms. Such topics are becoming increasingly relevant, as evidenced in a speech held […]
Continue readingUnfinished business: change in the US securities industry since 2008
– Dariusz Wójcik, Theodor Cojoianu – On 7 March 2017, the eve of International Women’s Day, State Street Global Advisors, the asset management business of State Street Corporation, issued a call to more than 3,500 companies they invest in on behalf of their clients to increase the number of women on corporate boards. At the […]
Continue readingGeographical Changes in Influence of Stock Trading Centres around the 2007 Global Financial Crisis
– Boulis M. Ibrahim, Janusz Brzeszczyński, Arnab Bhattacharjee – The Global Financial Crisis (GFC) of 2007 was a major event and a key milestone in the history of financial markets. Unparalleled in many respects, its economic consequences were stronger and its global impact wider than all earlier financial turmoil. In our paper, we analyse the […]
Continue readingThe Geography of Tax Evasion
– Manuel B. Aalbers – What is it about? Taxation in general and tax evasion in particular are inherently geographical in nature but not a very popular area of research. In this article I present geographers’ research on offshore financial centres alongside the work of researchers from other disciplines to present an overview of what […]
Continue readingGeographical limits to arbitrage in the global oil market
– Michael H. Grote, Matthew Zook, Thomas Heidorn – For more than 30 years, the world’s main indices for oil prices – West Texas Intermediate Crude or WTI (delivered in Cushing, Oklahoma) and Brent Crude (delivered at four ports in the North Sea) –have moved in sync. This changed dramatically in 2011, when WTI started […]
Continue readingThe Increasing Financialization of China’s Urbanization
– Thierry Theurillat, James H. Lenzer Jr. & Hongyu Zhan – Mainland China is well known for its massive and rampant urban development, looming property bubbles and ghost cities. How has this process of urbanization, which significantly contributes to its economic growth, been financed? For the vast majority of scholars focusing on urban China, land […]
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