Exploring external urban relational processes: inter-city financial flows complementing global city-regions. Issue 5 (4th May 2022)

• Record Type: Journal Article
• Authors: Zhu, Bing; Pain, Kathy; Taylor, Peter J.; Derudder, Ben
• Is Part Of: Regional studies. Volume 56:Issue 5(2022)
• Page Start: 737
• Page End: 750
• Publication Date: 2022-05-04
• Subjects: advanced producer service -- central flow theory -- central place theory -- foreign direct investment flows -- global cities -- regional cities; O18 -- R11 -- R12; Regional planning -- Periodicals; Regional planning -- Great Britain -- Periodicals; 307.14
• DOI: 10.1080/00343404.2021.1921136
• Languages: English
• ISSNs: 0034-3404

Abstract

ABSTRACT: External urban relations are commonly described as one of two types: hierarchical local hinterlands (central place theory) and networked non-local hinterworlds (central flow theory), referred to as town-ness and city-ness, respectively. This paper builds on and develops these generic concepts to make them specifically relevant to today's corporate globalization. The central place process is represented by multi-nodal global city-regions, and the central flow process is represented by inter-city capital investment flows. We find that capital flows in global cities increase flows to proximate smaller cities within their regions. This empirical link between city-ness and town-ness has theoretical and policy implications.