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The Professional Geographer Volume 41, 1989 - Issue 3
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DIRECTIONS IN GEOGRAPHY

TELECOMMUNICATIONS AND THE GLOBALIZATION OF FINANCIAL SERVICESFootnote∗

Barney Warf Analyst for the Port Authority of New York-New Jersey; Adjunct Assistant Professor of Geography, Hunter College
Pages 257-271 | Published online: 15 Mar 2010
 
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Abstract

Financial services are undergoing a major period of internationalization. National markets are interlinked by telecommunications, a process induced through deregulation and new communications technologies. This paper reviews the recent, intertwined trends in the finance and telecommunications industries in light of urban and regional restructuring theory, cites several company-specific examples, explores the impacts on the international urban hierarchy and the labor process (e.g., back offices), and assesses the role of teleports. Finally, it offers an agenda for further research.

Notes

∗The author sincerely thanks Ulrike Zilz, two anonymous reviewers, and the editors for their helpful comments and suggestions.

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