Abstract
The (re)emergence of Asia as an economic power has been accompanied by the rise of Asian cities as hubs of financial activity. Three cities have gained risen through the ranks to establish themselves as Asia’s leading International Financial Centres (IFCs): Hong Kong, Singapore and Shanghai. In acting as intermediaries for global flows of capital, the three cities have effectively become nexus of power and finance. This book represents an attempt to understand the ways in which the political-economic context impacts financial sector development and policy-making. This chapter provides an overview of the book and briefly discusses its core arguments.
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Notes
- 1.
Hong Kong and Singapore are both ranked highly on government effectiveness by the World Bank’s Governance Indicators, http://info.worldbank.org/governance/wgi/index.aspx#reports; for the effectiveness and autonomy of the Shanghai government, see (Wu 2000).
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Woo, J.J. (2016). Introduction. In: Business and Politics in Asia's Key Financial Centres. Springer, Singapore. https://doi.org/10.1007/978-981-287-985-1_1
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DOI: https://doi.org/10.1007/978-981-287-985-1_1
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