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Moscow State University Bulletin. Series 18. Sociology and Political Science

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LOCALIZATION OF THE GLOBAL ECONOMIC SYSTEM IN GLOBAL CITIES

Abstract

The article deals with the S. Sassen’s research and writing focuses on globalization (including social, economic and political dimensions), global cities, migration, the new networked technologies, and changes within the liberal state that result from current transnational conditions. The main features of the global cities are examined on examples. The global economy is far from being placeless, has and needs very specific territorial insertions, and that this need is sharpest in the case of highly globalized and electronic sectors such as finance. Large corporate firms needed access to a whole new mix of complex specialized services almost impossible to produce in-house as had been the practice. This new economic logic would generate high-level jobs and lowwage jobs; it would need far fewer middle-range jobs than traditional corporations. The transformation of the socio-economic systems at the global and national levels, the associated changes of urban communities life is considered.

About the Author

I. A. Vershinina
Lomonosov Moscow State University
Russian Federation

associate professor, chair of modern sociology, Faculty of sociology



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Review

For citations:


Vershinina I.A. LOCALIZATION OF THE GLOBAL ECONOMIC SYSTEM IN GLOBAL CITIES. Moscow State University Bulletin. Series 18. Sociology and Political Science. 2017;23(3):58-76. (In Russ.)

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ISSN 1029-3736 (Print)
ISSN 2541-8769 (Online)