Abstract
Finance is a core component of capitalist market economies and is pervasive in many aspects of daily life. With increasing global integration of financial markets across and within countries, financial markets are increasingly able to price history and geography, leaving almost no country or industry untouched. This chapter unpacks the power of financial markets to effect political-economic change, and the tendency of power to concentrate within financial markets and the financial services industry due to spatial and informational asymmetries between intermediaries and their clients. The chapter finishes by questioning the resilience of efforts to challenge such dominance.
Original language | English |
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Title of host publication | Handbook on the Geographies of Power |
Editors | Mat Coleman, John Agnew |
Publisher | Edward Elgar Publishing |
Pages | 123–136 |
Number of pages | 14 |
ISBN (Electronic) | 9781785365645 |
ISBN (Print) | 9781785365638 |
DOIs | |
Publication status | Published - 27 Jul 2018 |