Strategic nodes in investment fund global production networks: The example of the financial centre Luxembourg

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The patterns and dynamics of contemporary financial capitalism are mirrored in micro-production structures of finance in international financial centres (IFCs). Applying the global production network framework allows for analyses of these structures in greater detail, better illuminating the industry's organization, its locally anchored professional practices, and the far-reaching power relationships between IFCs. The example of the IFC Luxembourg, the world's largest cross-border investment fund centre, shows that, in particular, advanced business services firms facilitate the global reach of investment funds (i) in their close collaboration with both local and global financial corporations, and (ii) in their exploitation of localized arbitrage assets.
Original languageEnglish
Pages (from-to)797-814
Number of pages18
JournalJournal of Economic Geography
Issue number4
Early online date28 Jul 2014
Publication statusPublished - Jul 2015


  • Luxembourg
  • advanced business services
  • financial centres
  • global production networks
  • investment funds

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