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Making Sure the Centre Holds

J. J. Woo

Chapter 4 in 3-in-1: Governing a Global Financial Centre, 2017, pp 56-76 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The past two chapters have discussed the two processes of globalisation and financialisation, and how these two processes have driven Singapore’s development as a global financial centre. However, these two processes do not, on their own, sufficiently explain why or how it is that financial institutions and activities have come to converge upon the 719.1 square kilometres of landmass that is Singapore, and chosen to remain there. In fact, globalisation and financialisation would paradoxically predict the opposite — the spatial diffusion, rather than centralisation, of economic and financial activities over space…

Keywords: Political Economy; Financial Centres; Singapore (search for similar items in EconPapers)
JEL-codes: P16 (search for similar items in EconPapers)
Date: 2017
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