Establishing business center status

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Chapter 3 in Creating Cities/Building Cities, 2017, pp 43-59 from Edward Elgar Publishing

Abstract: Being recognized as a major center of business activity – headquarters, access to financial and other professional services, recognition of this status throughout the world, and attractiveness to other firms in their locational decisions – has motivated local leaders to accept and to encourage companies to construct major corporate headquarters buildings and sites in many of the world’s major cities. Some of these efforts merely reinforced the power of the city center (New York), while in other instances they led to renewal of a derelict part of the city (London, Detroit) or to creating a business center in a city that had been bereft of one (Paris). In other cities an entirely new site was developed to assert that city as a new, major economic and financial center (Shanghai, Lagos).

Keywords: Economics and Finance; Geography; Urban and Regional Studies (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (4)

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