The world cities of Hong Kong and Singapore: Network hubs of global finance

Meyer, David R.

doi:10.1177/0020715215608230

Cited by 19 publications

(11 citation statements)

References 113 publications

(125 reference statements)

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“…From the 1980s onwards, the economy shifted gradually from manufacturing into banking and financial services (see Young, 1992). Over the course of three decades, Hong Kong has transitioned from a manufacturing base to become one of the leading global financial centres (see Taylor, 2005;Meyer, 2015). Overall, Hong Kong has attained tremendous economic expansion during the past three decades.…”

Section: Banking Sector Development and Economic Growth In Hong Kongmentioning

confidence: 99%

Does Financial Development Lead to Poverty Reduction in China? Time Series Evidence

Ho¹,

Iyke²

2017

JEBS

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The impact of financial development on poverty reduction has received attention in the literature recently. While the connection between financial development and poverty may appear straight forward in theory, in empirics it may be much complicated. This study attempted at empirically assessing the causal links between financial development and poverty reduction in China for the period 1985–2014. The study used the Toda-Yamamoto causality test to avoid pretesting bias that has featured majority of the existing studies. The study utilized two standard proxies for financial development, namely: the domestic private credit by banks as percentage of GDP, and money supply (M2) as percentage of GDP; and a standard proxy for poverty reduction namely: the household final consumption expenditure per capita growth (annual percentage). The study found a bidirectional causal flow between financial development and poverty reduction, implying that the causal flow between these important variables is independent of the proxy for financial development. This means that financial sector reforms and poverty reduction programs are more of “win-win” strategies in the case of China. Therefore policymakers in China should continue to implement robust financial sector reforms and poverty reduction strategies.

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Section: Banking Sector Development and Economic Growth In Hong Kongmentioning

confidence: 99%

Does Financial Development Lead to Poverty Reduction in China? Time Series Evidence

Ho¹,

Iyke²

2017

JEBS

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“…Negotiating these 'pipelines' are elite employees, conceptualised as 'flows', bring not just tacit skills, but also cosmopolitan networks, cultural practices and social relations, (Beaverstock 2002, 525). These professionals are often educated overseas and have key social relationships with 'Western educated/experienced … work colleagues, clients and competitors' (Beaverstock 2002, 537;Meyer 2015) and are fluent in multiple languages and assert experience of multiple cultures (Hannerz 1996). Research by Beaverstock (2005Beaverstock ( , 2018 suggests that these transnational elites are prized for their confidence and competency to act in foreign environments, alongside their ability to effective social network, meet new people and share ideas in order to generate formal meetings and business opportunities.…”

Section: Mobilising Cosmopolitanismmentioning

confidence: 99%

Cosmopolitanism, the global middle class and education: the case of universities in London

Beardsmore

2021

Globalisation, Societies and Education

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In this paper, I develop the idea of cosmopolitan stancesone 'intellectual' and the other 'aesthetic'to examine conceptions of cosmopolitanism within a range of university strategies. Recent research into cosmopolitanism has adopted a Bourdieusian lens, understanding it as cultural capital, which acts as a locus of stratification in the global system. By examining the strategies in 11 London-based universities, this paper sought to identify which cosmopolitan stances are mobilised. Following a thematic analysis this paper argues that those stances privileged by the global middle class are often implicit and generated incidentally as a function of other initiatives such as inclusivity and diversity, global citizenship, placement opportunities and graduate attributes/outcomes.

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“…As the growth of Singapore's temporary staffing market is seemingly connected to wider economic uncertainty, an increasingly volatile global economic landscape should provide strong prospects for its continued growth, especially given the city‐state's deepening embeddedness in global production, and financial and knowledge networks (e.g. Meyer, ). Yet, the industry's growth remains constrained, in part due to the deeply rooted stigma associated with temporary employment, and related downward pressures on the industry's overall standards.…”

Section: Profiling Singapore's Temporary Staffing Marketmentioning

confidence: 99%

Constrained agencies: The emergence of Singapore's distinctive temporary staffing industry

Yip

Coe

2018

Asia Pacific Viewpoint

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This paper presents the first economic geography study of Singapore's temporary staffing industry. Drawing on secondary data and semi‐structured interviews with trade association representatives and senior executives from temporary staffing agencies, it examines the structure and characteristics of Singapore's industry and, more specifically, how its distinctive institutional configuration influences the activities of staffing agencies and the industry's overall trajectory. While temporary staffing in Singapore has experienced steady growth since the turn of the millennium, growth is ultimately constrained by both Singapore's regulatory environment and the inherent nature of its labour market. As such, the temporary staffing industry is still relatively small today, and has become increasingly saturated with strong competition between transnational and domestic agencies. Empirically, analysis of the Singapore case contributes to the wider literature on temporary staffing markets by profiling the nature and growth dynamics of a small and emerging temporary staffing market. Conceptually, the study reveals under‐studied aspects in current work relating to how the market is shaped by intersections with shifting global divisions of labour, the nature of the state's managed immigration regime and elements of national labour‐market culture.

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The world cities of Hong Kong and Singapore: Network hubs of global finance

Cited by 19 publications

References 113 publications

Does Financial Development Lead to Poverty Reduction in China? Time Series Evidence

Does Financial Development Lead to Poverty Reduction in China? Time Series Evidence

Cosmopolitanism, the global middle class and education: the case of universities in London

Constrained agencies: The emergence of Singapore's distinctive temporary staffing industry

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