Suchergebnisse

Intro -- Contents -- List of Figures -- List of Tables -- Notes on Contributors -- Preface -- Glossary of Abbreviations -- Part I Global Governance -- 1 Globalization and Governance: an Overview -- 2 Taming Capital, Holding Peace -- 3 Democratizing Governance -- Part II Global Financial Flows -- 4 The Political Economy of Globalization: the Old and the New -- 5 Financial Globalization: the State, Capital and Policy-making -- 6 The Asian Financial Crisis and IMF Intervention -- 7 The Role of Portfolio Investors in the Asian Financial Crisis -- 8 The Case for Regional and Global Financial Regulation -- 9 Renewing the Governance of the Global Economy -- Part III Global Peace and Security -- 10 Conflict Prevention: Towards a Multidimensional Approach -- 11 The UN and Disarmament: a Global and Regional Action Plan -- 12 The Politics of Biological and Chemical Disarmament -- 13 Reforming Multilateral Peace Operations: a Survey -- 14 Peace Operations: the Road Ahead -- Part IV Reimagining the Future -- 15 Major Structural Reform -- 16 The Politics of Reform -- Select Bibliography -- Index.

© 2015 Royal Geographical Society (with the Institute of British Geographers). The paper analyses the evolution of China Mobile - one of China's pioneer 'national champions', and one of the world's largest telecom companies - through the lens of global financial networks, focusing on the role of advanced business services, financial centres and offshore jurisdictions in economic development. It demonstrates that despite being a domestic company, China Mobile is plugged firmly into the global financial networks, with incorporation in Hong Kong, cross-listing in Hong Kong and New York, and opaque offshore companies registered in the British Virgin Islands. Global advanced business services firms, with Goldman Sachs in the lead, have been instrumental in the very conception of China Mobile in 1997 and its subsequent expansion, thus helping the Chinese government consolidate and modernise the whole telecom sector. The study highlights the position of Hong Kong as an onshore-offshore financial centre intermediating between global financial markets and mainland China, and underwriting the reputation of China's 'national champions'. The analysis also points to the advantages of Beijing over Shanghai as a command centre of state-owned and controlled enterprises, acting as a magnet for advanced business services. The relevance of global financial networks to China, a latecomer on the stage of financial globalisation, highlights the scope for applying the concept to the rest of the world, and its potential contribution to economic geography.