SOC 2151 Lecture Notes - Lecture 10: Economic Globalization, Disconnection, Saskia Sassen

• School: University of Ottawa
• Department: Sociology
• Course: SOC 2151
• Professor: Aline A Coutinho

Document Summary

Globalized localism: dictate the terms of integration, competition and exclusion. Focus on cities to explore cross-border dynamics and the increase in flows. The rise of new actors in global market and global politics: emerging economies do not need to build whole supply chains to be competitive internationally. From trade in goods" to trade in tasks". The ascendance of cities and regions: re-scaling of strategic territories". Role in directly linking their national economies with global circuits. Centralization of command and control of the global production system. What are they: powerhouses" in the global economy, command posts" of a fragmented production system, concentration of control, ownership, and profit appropriation, leading exporters of financial services. Housing major ipos: centralized coordination (global integration) and spatial dispersal. Functions of the global city: command posts (they organize the global economy) global reach; network nodes. 2/13/17: location for finances and highly-specialized service firms (e. g. real state, accounting, finances, advertising, engineering, legal).