the global city: new york, london, tokyo by saskia sassen

HG184.N5S27 1991 332'.042-dc20 90-23017 CIP This book has been composed in Linotron Caledonia Princeton University Press books are printed on acid-free paper, and meet the guidelines for permanence and durability of the Committee on Production Guidelines for Book Longevity of the Council on Library Resources Printed in the United States of America 10 9 8 7 6 5 4 3 2 Contents _ Tables ix Acknowledgments xv One Overview 3 PART ONE: THE GEOGRAPHY AND COMPOSITION OF GLOBALIZATION 17 Two Dispersal and New Forms of Centralization 22 Three New Patterns in Direct Foreign Investment 35 Four Internationalization and Expansion of the Financial Industry 64 PART TWO THE ECONOMIC ORDER OF THE GLOBAL CITY 85 Five The Producer Services 90 Six Global Cities: Postindustrial Production Sites 126 Seven Elements in a Global Hierarchy 168 PART THREE: THE SOCIAL ORDER OF THE GLOBAL CITY 193 Eight Employment and Earnings 197 Nine Economic Restructuring as Class and Spatial Polarization 245 Tables - 3.1 Average Annual Growth Rate of Direct Foreign Investment from Developed to Developing Countries, 19601987 (percent) 3.2 Inward Direct Investment Flows: SDRs and Percentage Distribution for Seven Countries, 1980-1986 (millions of SDRs and percent) 3.3A Direct Foreign Investment in the United States by Source, 1962-1988 (millions of U.S.

Financial services industry-EnglandLondon. Financial services industry-e-Iapan-c-Tokyo. Includes bibliographical references and index. Van EIsloo Copyright © 1991 by'Prmceton University Press Published by Princeton University Press, 41 William Street, Princeton, New Jersey 08540 In the United Kingdom: Princeton University Press, Oxford All Rights Reserved Library of Congress Cataloging-in-Publication Date Sassen, Saskia, The global city: New York, London, Tokyo / Saskia Sassen. THE GLOBAL CITY [HE GLOBAL CITY NEW YORK, LONDON, TOKYO Saskia Sassen PRINCETON UNIVERSITY PRESS PRINCETON, NEW JERSEY For Mara Van de Voort and Willem S.

The global city: new york, london, tokyo by saskia sassen