GEOG 217 Lecture Notes - Lecture 14: Foreign Direct Investment, Saskia Sassen, Urban Studies
27 Apr 2016
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Lecture 14 the urban impact of economic gloablization. Global economy in the 1800s: consisted largely of extracting natural resources and trade, major cities in colonial empires were international gateways, not key production sites for leading industries, wealth production centered in harbours, plantations, factories and mines. Detroit an example of plummeting us manufacturing employment. By the end of 2004, the value of global trade was us trillion, us trillion for global finance: global finance leading force of global economy. In the 1980s, foreign direct investment (fdi) grew three times faster. Global economy today: consist of international trade, agribusiness, manufacturing, extraction of resources, but all over shadowed both in value and power by. The development of vast global financial markets. Proliferation of global markets for highly specialized corporate services. In the 1980s finance and services emerged as major components of international transactions.
