Abstract
With the dramatic increase in the importance of the Asia-Pacific region as a source of international trade, there has been an explosion of interest in where the financial activity generated by that trade will be located. Those cities which have dominated the international financial marketplace and which are located in the European-Atlantic Region, such as New York and London, seem too detached to service the new center of gravity of international trade. For more political than economic-geographical reasons, there is also doubt about the prospects of Hong Kong and even of Singapore in capturing the new financial business derived from trade emanating in the Pacific Rim. It is for this reason that attention has been turned to cities such as Anchorage and Vancouver to determine if they might stake a position in this arena.
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References
Goldberg, Michael A., Robert Helsley and Maurice Levi. 1987. Factors influencing the development of banking and finance: An international and historical evaluation. Unpublished manuscript, University of British Columbia.
Goldberg, Michael A., Robert Helsley and Maurice Levi. 1987. The geographical location of financial activity. Unpublished manuscript, University of British Columbia.
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© 1989 Kluwer Academic Publishers
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Goldberg, M.A., Helsley, R., Levi, M.D. (1989). The Prerequisites for an International Financial Center. In: Park, Y.S., Essayyad, M. (eds) International Banking and Financial Centers. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-2504-5_3
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DOI: https://doi.org/10.1007/978-94-009-2504-5_3
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-7630-2
Online ISBN: 978-94-009-2504-5
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