Guy, Frederick (2020) Who wants their city to become a world city? Comment on “Expanding the international trade and investment policy agenda: The role of cities and services”. Journal of International Business Policy , ISSN 2522-0691.
|
Text
Who Wants their City to be a World City JIBP.pdf - Author's Accepted Manuscript Download (174kB) | Preview |
Abstract
In proposing a role of economic diplomacy on behalf of cities, Cote, Estrin and Shapiro (2020) take it as read that promoting a city in the ranks of world cities, of key centers of corporate headquarters, business services, and new technology, is a good thing for that city. A city, however, is made up of heterogeneous actors, and in any particular city that grows in this way many of those actors will become worse off. Moreover, if we consider the problem from the standpoint of a national economic system, or of the global system as a whole, the growth of world cities may be due not so much to the conduct of mutually beneficial trade as to the appropriation of monopoly rents. Business policy researchers should identify the stakes for the likely winners and losers, and also take market structure issues into account. Policies based simply on promoting a city’s growth and international standing make inequality within and between a country’s cities worse, and implicitly embrace the growth of market power as a worthy objective.
Metadata
| Item Type: | Article |
|---|---|
| School: | Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School |
| Depositing User: | Frederick Guy |
| Date Deposited: | 30 Jul 2020 13:46 |
| Last Modified: | 29 Jun 2024 21:21 |
| URI: | https://eprints.bbk.ac.uk/id/eprint/32721 |
Statistics
Additional statistics are available via IRStats2.
Archive Staff Only (login required)
