The brokerage role of small states and territories in global corporate networks

Kirsten Martinus, Thomas Sigler, Iacopo Iacopini, Ben Derudder

Research output: Chapter in Book/Conference paperConference paper

1 Citation (Scopus)

Abstract

Global economic activity is networked through cross‐national linkages between firm headquarters, branches, and subsidiaries. Brokerage emerges as a key territorial function of this network, with some places acting as gateways or intermediaries for flows of global knowledge, information, or trade. This function is particularly salient for small states and territories leveraging the benefits of borrowed size by offering global professional services, warehousing, logistics, shipping, and finance to wealthy nations or high net individuals. Nonetheless, to date our understanding of how small states and territories facilitate wealth accumulation is limited to broad concepts of their role as “gateways” or “brokers.” Drawing on a typology of brokerage and a network analysis applied to the ties between approximately 700,000 firm headquarter and subsidiary locations of 13 of the world's largest stock exchanges, we explore the brokerage role of small states and territories through case studies of Luxembourg, Singapore, Hong Kong, and Panama. Brokerage is found to play an important role in the economy of all four. We argue that each of these small states and territories is uniquely positioned as a broker in global corporate networks, but that this role differs according to geo‐economic and political positionality.
Original languageEnglish
Title of host publicationGrowth and Change
PublisherWiley-Blackwell
EditionSI
DOIs
Publication statusE-pub ahead of print - 22 Oct 2019

Publication series

NameGrowth and Change: a journal of urban and regional policy
PublisherWiley-Blackwell
ISSN (Print)0017-4815

Fingerprint

Small states
Brokerage
Broker
Subsidiaries
Headquarters
Singapore
Warehousing
Cross-national
Network analysis
Panama
Professional services
Stock exchange
Shipping
Intermediaries
Wealth accumulation
Finance
Economic activity
Logistics
Linkage
Hong Kong

Cite this

Martinus, K., Sigler, T., Iacopini, I., & Derudder, B. (2019). The brokerage role of small states and territories in global corporate networks. In Growth and Change (SI ed.). (Growth and Change: a journal of urban and regional policy). Wiley-Blackwell. https://doi.org/10.1111/grow.12336
Martinus, Kirsten ; Sigler, Thomas ; Iacopini, Iacopo ; Derudder, Ben. / The brokerage role of small states and territories in global corporate networks. Growth and Change. SI. ed. Wiley-Blackwell, 2019. (Growth and Change: a journal of urban and regional policy).
@inproceedings{4473186a65cb462d8111a80d0cf4e27e,
title = "The brokerage role of small states and territories in global corporate networks",
abstract = "Global economic activity is networked through cross‐national linkages between firm headquarters, branches, and subsidiaries. Brokerage emerges as a key territorial function of this network, with some places acting as gateways or intermediaries for flows of global knowledge, information, or trade. This function is particularly salient for small states and territories leveraging the benefits of borrowed size by offering global professional services, warehousing, logistics, shipping, and finance to wealthy nations or high net individuals. Nonetheless, to date our understanding of how small states and territories facilitate wealth accumulation is limited to broad concepts of their role as “gateways” or “brokers.” Drawing on a typology of brokerage and a network analysis applied to the ties between approximately 700,000 firm headquarter and subsidiary locations of 13 of the world's largest stock exchanges, we explore the brokerage role of small states and territories through case studies of Luxembourg, Singapore, Hong Kong, and Panama. Brokerage is found to play an important role in the economy of all four. We argue that each of these small states and territories is uniquely positioned as a broker in global corporate networks, but that this role differs according to geo‐economic and political positionality.",
author = "Kirsten Martinus and Thomas Sigler and Iacopo Iacopini and Ben Derudder",
year = "2019",
month = "10",
day = "22",
doi = "10.1111/grow.12336",
language = "English",
series = "Growth and Change: a journal of urban and regional policy",
publisher = "Wiley-Blackwell",
booktitle = "Growth and Change",
address = "United States",
edition = "SI",

}

Martinus, K, Sigler, T, Iacopini, I & Derudder, B 2019, The brokerage role of small states and territories in global corporate networks. in Growth and Change. SI edn, Growth and Change: a journal of urban and regional policy, Wiley-Blackwell. https://doi.org/10.1111/grow.12336

The brokerage role of small states and territories in global corporate networks. / Martinus, Kirsten; Sigler, Thomas; Iacopini, Iacopo; Derudder, Ben.

Growth and Change. SI. ed. Wiley-Blackwell, 2019. (Growth and Change: a journal of urban and regional policy).

Research output: Chapter in Book/Conference paperConference paper

TY - GEN

T1 - The brokerage role of small states and territories in global corporate networks

AU - Martinus, Kirsten

AU - Sigler, Thomas

AU - Iacopini, Iacopo

AU - Derudder, Ben

PY - 2019/10/22

Y1 - 2019/10/22

N2 - Global economic activity is networked through cross‐national linkages between firm headquarters, branches, and subsidiaries. Brokerage emerges as a key territorial function of this network, with some places acting as gateways or intermediaries for flows of global knowledge, information, or trade. This function is particularly salient for small states and territories leveraging the benefits of borrowed size by offering global professional services, warehousing, logistics, shipping, and finance to wealthy nations or high net individuals. Nonetheless, to date our understanding of how small states and territories facilitate wealth accumulation is limited to broad concepts of their role as “gateways” or “brokers.” Drawing on a typology of brokerage and a network analysis applied to the ties between approximately 700,000 firm headquarter and subsidiary locations of 13 of the world's largest stock exchanges, we explore the brokerage role of small states and territories through case studies of Luxembourg, Singapore, Hong Kong, and Panama. Brokerage is found to play an important role in the economy of all four. We argue that each of these small states and territories is uniquely positioned as a broker in global corporate networks, but that this role differs according to geo‐economic and political positionality.

AB - Global economic activity is networked through cross‐national linkages between firm headquarters, branches, and subsidiaries. Brokerage emerges as a key territorial function of this network, with some places acting as gateways or intermediaries for flows of global knowledge, information, or trade. This function is particularly salient for small states and territories leveraging the benefits of borrowed size by offering global professional services, warehousing, logistics, shipping, and finance to wealthy nations or high net individuals. Nonetheless, to date our understanding of how small states and territories facilitate wealth accumulation is limited to broad concepts of their role as “gateways” or “brokers.” Drawing on a typology of brokerage and a network analysis applied to the ties between approximately 700,000 firm headquarter and subsidiary locations of 13 of the world's largest stock exchanges, we explore the brokerage role of small states and territories through case studies of Luxembourg, Singapore, Hong Kong, and Panama. Brokerage is found to play an important role in the economy of all four. We argue that each of these small states and territories is uniquely positioned as a broker in global corporate networks, but that this role differs according to geo‐economic and political positionality.

UR - https://www.scopus.com/record/display.uri?eid=2-s2.0-85074555678&origin=resultslist&sort=plf-f&src=s&st1=10.1111%2fgrow.12336&st2=&sid=8f56122ec6d20030bb961814bdf26f44&sot=b&sdt=b&sl=23&s=DOI%2810.1111%2fgrow.12336%29&relpos=0&citeCnt=1&searchTerm=

U2 - 10.1111/grow.12336

DO - 10.1111/grow.12336

M3 - Conference paper

T3 - Growth and Change: a journal of urban and regional policy

BT - Growth and Change

PB - Wiley-Blackwell

ER -

Martinus K, Sigler T, Iacopini I, Derudder B. The brokerage role of small states and territories in global corporate networks. In Growth and Change. SI ed. Wiley-Blackwell. 2019. (Growth and Change: a journal of urban and regional policy). https://doi.org/10.1111/grow.12336