{"title":"The City of London after Brexit: Sticky power in the Global Financial Network","authors":"Panagiotis (Takis) Iliopoulos , Stefanos Ioannou , Dariusz Wójcik","doi":"10.1016/j.peg.2024.100011","DOIUrl":"10.1016/j.peg.2024.100011","url":null,"abstract":"<div><p>We examine the impact of Brexit on London as an international financial centre through the lens of the global financial network (GFN) framework, using quantitative data on selected key financial flows and stocks, as well as qualitative data from interviews and other sources. Our results show very limited impacts on London, and possible gains in New York and the USA rather than in the European Union. The results are compatible with the logic and history of sticky power in the global financial network. Despite some relocations from London, Brexit has not (yet) undermined London’s attractiveness to financial and business services, and the global connectivity they afford to London as an international financial centre. London remains the global conductor of offshore jurisdictions, a role which may be enhanced with more flexible regulation after Brexit. Any forecasts about the future impacts of Brexit on London need to consider the sticky power of the global financial network, and close relationships among its building blocks.</p></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"2 1","pages":"Article 100011"},"PeriodicalIF":0.0,"publicationDate":"2024-01-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2949694224000051/pdfft?md5=573d72485b5017d8ef93bf9c4f8aa75b&pid=1-s2.0-S2949694224000051-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139633542","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Exceeding the Anglophone economic geographical imaginary","authors":"Eric Sheppard","doi":"10.1016/j.peg.2024.100010","DOIUrl":"10.1016/j.peg.2024.100010","url":null,"abstract":"<div><p>Economic geography, both mainstream and critical, has been dominated by Anglophone scholarship produced by scholars located in institutions on either side of the North Atlantic, and to a lesser extent in those of Britain’s other white settler colonies. This tends to reproduce the view of the world, and of the functioning of space-economies, from those countries deemed to be ‘developed’. Considering the future of the field, progress in economic geography should involve creating space where scholarship produced from beyond this imaginary is taken seriously. Capitalism, the focus of Anglophone economic geography, was not a European invention; it took a particular form in Europe facilitated by colonialism, slavery and white nationalism. Anglophone economic geography has yet to engage properly with critical development studies and the possibility of southern/postcolonial theory. Considering the forcefield of the overlapping crises constituting the present global conjuncture, the discipline’s future should prioritize scholarship that: engages with the rest of the world, examines the ongoing debilitating effects of colonialism and US/UK-centered European capitalism, documents the multifarious connectivities and logistics shaping local economic dynamics, takes seriously more-than-capitalist economic practices, integrates more-than-human agency and cultural processes into the field, attends to the emergent conjuncture of ethno-nationalism and reshoring, and radically diversifies the economic geography community of scholars.</p></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"2 1","pages":"Article 100010"},"PeriodicalIF":0.0,"publicationDate":"2024-01-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S294969422400004X/pdfft?md5=a22397065c0988c7304e07307dc01478&pid=1-s2.0-S294969422400004X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139639719","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The emergence of electric vehicle transition in cities: a case of technological and spatial coevolution?","authors":"Andrea Ferloni, Mehdi Bida, Céline Rozenblat","doi":"10.1016/j.peg.2024.100009","DOIUrl":"10.1016/j.peg.2024.100009","url":null,"abstract":"<div><p>The transition towards Electric Vehicles (EVs) is connecting previously unrelated technologies. We combine an approach to transitions with economic geography, to explore how colocation can support the emergence of coevolution between EV-related sectors. We study technological and geographical relatedness between electric vehicle, battery, smart grid, and combustion engine inventions between 1980 and 2020. Geographical colocation of related technologies can signal coevolution between firms and inventors, that is specifically visible in some classes of cities that we identify. Finally, we fit a multiple regression to estimate the impact of cities’ patenting in related technologies on EV patents. Results show increased relatedness inside cities and growth of colocation in time between electric vehicle, battery, and smart grid patents, demonstrating that relatedness is dynamically evolving during transitions. We also find that combustion engine capabilities are still relevant to support this transition, suggesting path interdependence between cities’ innovative sectors.</p></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"2 1","pages":"Article 100009"},"PeriodicalIF":0.0,"publicationDate":"2024-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2949694224000038/pdfft?md5=f3a697df4cbdcff9490b2b45d30559b8&pid=1-s2.0-S2949694224000038-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139634183","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Situating knowledge combinations beyond the factory gate: Examples from two innovation projects in rural Norway","authors":"Nora Geirsdotter Bækkelund , Rune Njøs , Stig-Erik Jakobsen","doi":"10.1016/j.peg.2024.100008","DOIUrl":"10.1016/j.peg.2024.100008","url":null,"abstract":"<div><p>Evolutionary economic geography considers knowledge combinations as key for explaining innovation and regional industrial development. Building on the thesis that knowledge is beneficially combined across adjacent industries, the notions of ‘relatedness’ and ‘related variety’ have spurred prolific research. In these strands of research, focus is on potential knowledge combinations, but less so on <em>how</em> knowledge is actually combined. The latter is primarily explained by research on knowledge bases, contributing to a processual understanding. However, knowledge and its combination processes can be better understood with an eye to its social situatedness too. Thus, we here suggest blending insights from different perspectives in the economic geography literature to provide an integrated understanding of the multi-dimensionality and social dynamism of knowledge combination. We apply this framework by investigating the role of individuals in combination processes within tourism.</p></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"2 1","pages":"Article 100008"},"PeriodicalIF":0.0,"publicationDate":"2024-01-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2949694224000026/pdfft?md5=7afba32dd900b57a591e7c3942a6330f&pid=1-s2.0-S2949694224000026-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139638399","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Making it right: socio-environmental conditionalities in regional industrial policies","authors":"Elisa Giuliani","doi":"10.1016/j.peg.2024.100007","DOIUrl":"10.1016/j.peg.2024.100007","url":null,"abstract":"<div><p>This article discusses the need for heightened consideration of business-related human rights infringements in regional industrial policies. It discusses why human rights have been neglected in accounts of regional economic growth and proposes a novel policy agenda based on socio-environmental conditionalities. Policy-wise it also recommends that regions build new identities as socially and environmentally responsible places in order to attract investors.</p></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"2 1","pages":"Article 100007"},"PeriodicalIF":0.0,"publicationDate":"2024-01-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2949694224000014/pdfft?md5=468dbaa169a1ed994bff668cac3a6d83&pid=1-s2.0-S2949694224000014-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139638756","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Placing career resilience: Collaborative workspaces as situated resources for adaptation and adaptability","authors":"Suntje Schmidt , Verena Brinks , Oliver Ibert","doi":"10.1016/j.peg.2023.100004","DOIUrl":"10.1016/j.peg.2023.100004","url":null,"abstract":"<div><p>Processes of creation and innovation become increasingly mobile and temporarily make use of collaborative (work)spaces for paid and unpaid work, tinkering, social experimentation, collaboration, and entrepreneurship. Diverse forms of collaborative workspaces (CWSs) proliferated in many cities worldwide in the past 15 years and manifested in a diversity of forms, such as e.g. fablabs, maker-, hacker-, or coworking spaces. Despite the diversity, these spaces share three distinctive features: openness for a diversified set of users, aspiration to promote creative processes, and potential to allow for societal experimentation. So far, empirical research either highlights their functions in safeguarding the deficiencies related to new work regimes or the affordances for fostering collaborative creativity and innovation. We propose career resilience as a concept to integrate both perspectives. We investigate CWSs as locally situated contexts enabling users to combine stabilising and transformative resources to advance their careers. The paper draws on more than 100 qualitative interviews with operators, managers, and users of CWSs in the metropolitan regions Amsterdam, Berlin, and Detroit. We inductively develop five different types of practices that address fundamental career related uncertainties to individual and collective measures to create career resilience. In CWSs, users seek company, focus, assets, guidance, and meaning. CWSs are thus spatial and organisational settings that complement multisited, mobile work practices and that illustrate the importance of permanent organisational and material places in increasingly volatile working environments.</p></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"2 1","pages":"Article 100004"},"PeriodicalIF":0.0,"publicationDate":"2023-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2949694223000032/pdfft?md5=69e9e1a4438b77c70232412c41034329&pid=1-s2.0-S2949694223000032-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139025153","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Multi-system dynamics in regional path upgrading: The intra- and inter-path dynamics of green industrial transitions in the Solent marine and maritime pathway","authors":"Jack L. Harris , Peter Sunley","doi":"10.1016/j.peg.2023.100005","DOIUrl":"https://doi.org/10.1016/j.peg.2023.100005","url":null,"abstract":"<div><p><span>Industries<span> and regions are facing socio-technical landscape pressures to enter green transitions. Coastal industrial regions, often with traditional heavy industries in marine and maritime activities, are under both significant pressures from international organizations and governments to decarbonise, but also find themselves with sizeable opportunities to use green transitions to revitalize and upgrade what are typically declining traditional manufacturing regions. Using 30 semi-structured interviews, we explore the challenges facing green path upgrading in the Solent region of South-East UK. By synthesizing the emerging economic geography literature on inter-path dynamics with the multi-system dynamics approach from the multi-level perspective literature, we find evidence of eight green niches emerging, yet the five main marine and maritime socio-technical systems in the region have struggled to develop and integrate these green technology niches. Consequently, path upgrading has been stifled. We find that the competitive </span></span><em>intra-path dynamics</em> between socio-technical systems and emerging technology niches within the Solent marine and maritime pathway, and competitive <em>inter-path dynamics</em><span> with other industrial pathways beyond the Solent have inhibited the co-ordination and coupling necessary for resource mobilization and green path upgrading. This approach enables us to broaden existing economic geography perspectives of multi-path dynamics, conceptualizing how inter- and intra-path development may work in economic geography, which has thus far mainly focused on single path dynamics and successful path creation.</span></p></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"1 2","pages":"Article 100005"},"PeriodicalIF":0.0,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139050506","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Financial centres and information hierarchies: Insights from the geographies of sell-side equity research","authors":"William Bratton , Dariusz Wójcik","doi":"10.1016/j.peg.2023.100003","DOIUrl":"10.1016/j.peg.2023.100003","url":null,"abstract":"<div><p>The accessibility and availability of information play an important role in defining the spatial distribution of financial activities and the relative competitiveness and specialisation of different financial centres. But investigations into the geographies of financial information are frequently constrained by the lack of consistent data at a global scale, especially on the distribution and reach of information-intensive financial professionals. This paper addresses this methodological gap by offering insights into the geographies of sell-side equity research, a subset of highly specialised information intermediaries within the financial ecosystem. It identifies and maps the global distribution of 11,307 analysts, the geographic scope of their activities, and the industry structure of their information collection. In aggregate, this gives insights into the size, reach and role of different centres in information hierarchies and networks. Our findings confirm that information resources remain highly concentrated and that most research coverage is in-country rather than cross-border, highlighting the continued frictions to information flows created by national borders. Domestic activities – analysts at domestic brokers covering domestic corporates – is the single largest category of information collection across most financial centres, regardless of size. Import activities are the second most frequent type of information collection highlighting the need of firms to access remote information networks. London is relatively unique at the global level given its platform role as Europe’s information nexus, a role shared by Singapore in Southeast Asia and by Dubai in the Middle East.</p></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"1 1","pages":"Article 100003"},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2949694223000020/pdfft?md5=16f46e2eb2eea72ee6bdce7c4fd470be&pid=1-s2.0-S2949694223000020-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136058959","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Progress in economic geography? Decarbonising Global Production Networks (GPNs)","authors":"Neil M. Coe , Chris Gibson","doi":"10.1016/j.peg.2023.100002","DOIUrl":"https://doi.org/10.1016/j.peg.2023.100002","url":null,"abstract":"<div><p>In this short paper we consider the potential for global production network (GPN) thinking to elucidate the fundamental challenge of decarbonising the global economy. We make two points in this regard. First, we posit that GPN thinking offers the potential for analytical precision in terms of delineating individual GPNs and the ways in which they intersect and aggregate, an important step in developing meaningful analyses of decarbonisation efforts. Second, we explore the heterogeneous materiality of production and consider its implications for the calculability of decarbonisation. We argue that GPN analysis must refine its existing tools and develop new ones to play an important role in analyzing the necessary decarbonisation of the global economy, in turn enhancing economic geography's relevance in the context of the ongoing climate crisis.</p></div>","PeriodicalId":101047,"journal":{"name":"Progress in Economic Geography","volume":"1 1","pages":"Article 100002"},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49721040","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}