nter, there are likely to be multiple locational options for such headquarters.
Fifth, these specialized service firms need to provide a global service which has meant a global network of affiliates or some other form of partnership, and as a result we have seen a strengthening of cross border city-to-city transactions and networks. At the limit, this may well be the beginning ofthe formation of transnational urban sys- tems. The growth of global markets for finance and specialized services, the need for transnational servicing networks due to sharp increases in international investment, the reduced role ofthe government in the regulation of international economic activ- ity, and the corresponding ascendance of other institutional arenas—notably global markets and corporate headquarters—all point to the existence of a series of transnational networks of cities.
nter, there are likely to be multiple locational options for such headquarters.Fifth, these specialized service firms need to provide a global service which has meant a global network of affiliates or some other form of partnership, and as a result we have seen a strengthening of cross border city-to-city transactions and networks. At the limit, this may well be the beginning ofthe formation of transnational urban sys- tems. The growth of global markets for finance and specialized services, the need for transnational servicing networks due to sharp increases in international investment, the reduced role ofthe government in the regulation of international economic activ- ity, and the corresponding ascendance of other institutional arenas—notably global markets and corporate headquarters—all point to the existence of a series of transnational networks of cities.
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