This paper presents a framework for analysing the role of regional headquarters in the globalisation strategies of transnational corporations (TNCs). Drawing upon a theoretical gap in existing urban studies and international business literature, we argue that the triadisation and regionalisation of TNC activities increase the demand for control and co-ordination functions previously performed by the global headquarters. Many global corporations consequently establish regional headquarters to penetrate into emerging markets, which may be too geographically distant to be co-ordinated and managed by the global HQs, and to achieve simultaneously global integration and local responsiveness. Based upon an empirical survey of 130 RHQs in Singapore and 20 follow-up personal interviews, we test some of the propositions of this regional strategy framework. Our ndings tentatively con rm that three independent variables play a statistically signi cant role in shaping the strategic decision by global corporations to establish RHQs in Singapore: geographical distance, strategic necessity and the availability of business services.

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The notion that the world is increasingly divided into a triad of economic regions based on North America, the European Union and Japan has become a form of conventional wisdom across a range of disciplines. However, despite the near ubiquitous use of the idea of a triadized world, it remains a somewhat normative assertion, the empirical existence of which has yet to be demonstrated. By using the intramax method to analyze the intensity of international trade and foreign direct investment flows during 1985 and 1995, we examine the changing shape of trade and investment 'blocs' globally. We find that while international trade is increasingly organized around fewer world regions, the presumed outcome of a triad-based world economy remains questionable. We further show that investment intensity patterns do not currently conform to any bloc-like formation, but exhibit instead, globally diffused network regions. key words triad international trade foreign direct investment regionalization globalization

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This paper examines the geography of technological learning and knowledge acquisition among Taiwanese and Korean firms. Specifically it focuses on the knowledge sourcing experience of Asian manufacturing latecomers in the United States (US). The Asian latecomer model of learning is characterized by a triangular spatial division of knowledge sourcing and technological production that involves the transfer and circulation of knowledge across multiple spatial scales. At the regional level, Korean and Taiwanese firms rely on local learning systems in the form of science parks to create favorable domestic agglomeration economies that are conducive for knowledge accretion. At the trans-regional level, non-core R&D and the manufacturing of technology-driven products are geographically concentrated in China. Lastly, local and trans-regional learning are supplemented by international sourcing of knowledge through the location and investment of R&D facilities in the US. To the extent that extra-local knowledge sourcing in the US is associated with the acquisition of new knowledge forms, such a multiscalar spatial strategy is expected to help transform Asian learners from technology latecomer to technology newcomer status.

The mediation of communication has raised questions of authority shifts in key social institutions. This article examines how traditional sources of epistemic power that govern social relations in religious authority are being amplified or delegitimized by Internet use, drawing from in-depth interviews with protestant pastors in Singapore. Competition from Internet access is found to delocalize epistemic authority to some extent; however, it also reembeds authority by allowing pastors to acquire new competencies as strategic arbiters of religious expertise and knowledge. Our study indicates that although religious leaders are confronted with proletarianization, deprofessionalization, and potential delegitimization as epistemic threats, there is also an enhancement of epistemic warrant as they adopt mediated communication practices that include the social networks of their congregation.

Postwar international trade relations are built on multilateral free trade principles that regard regional trade coalitions as suboptimal arrangements. A rising share of international trade, however, appears to be occurring within regions, raising the fear that the world economy is disintegrating into inward‐looking trading blocs. Such fears are now being challenged because the regionalization of world trade is said to be a “natural” process strongly influenced by geographic proximity. Furthermore, prevailing regionalization is taking place in a context of stronger global linkages. This paper examines global regionalization tendencies by tracing trade interactions from 1965 to 1990 and finds a trend toward a less spatially fragmented world economy. Five dominant trade regions may be identified in 1990 as compared to eight smaller regions in 1965. The regions have become more geographically oriented, with the majority of members associated with the regional cores of Japan, Germany, and the United States. Greater regionalization, however, need not contradict multilateralism. By examining the time‐trends of each region's propensity to trade extraregionally, I show that regions have also increased their inclination to trade a larger share of their gross domestic product with the rest of the world. This suggests that the world economy is increasingly characterized by regional cosmopolitanism and may not disintegrate into isolated trading blocs.

The dramatic evolution of global finance in the last three decades has seen intensified competition among the world's major cities to become prominent control centers of global financial flows. This paper examines the spatial organization and evolution of capital markets in forty-three world cities from 1980 to 1998. It finds evidence of the strengthening of hierarchical tendencies among world financial and capital cities as they search for ways to differentiate between themselves through financial concentration and productivity. The results also indicate a trend towards the dominance of London and New York in this financial hierarchy, and that top tier cities tend to be characterized by significantly lower levels of market and share concentrations, share trading value, and risks. Finally, important differences in ownership patterns between the capital markets are detected for the top cities of the hierarchy. Copyright 2003 Gatton College of Business and Economics, University of Kentucky..