TY - JOUR
AU - Hall, Peter
AB -  Peter Hall ing a steep learning curve in terms of technological and organizational competence, thus proving able to compete even in sophisticated production formerly believed to be a monopoly of the advanced economies. Still open to debate is the question of whether this process, too, could extend to the tertiaries. Some processes, such as software production, are migrating to sophisticated enclaves within lowincome countries (such as Bangalore in India), while routine clerical processes (airline ticket processing, dictation of letters) are being undertaken in places that combine literacy and low wages. All this, like the decentralization of manufacturing processes, is made possible by the increasing speed and efficiency of information technology, which can move huge quantities of sophisticated information almost instantaneously and at very low cost around the world, thus destroying previous transportation cost barriers which helped give protection to industries in older established countries and regions. At the same time, the entire economy has been subject to what can only be called informationalization: more and more information is required for production, and the generation and exchange of this information becomes an activity in itself (Castells, 1989). Thus financial information can be moved from country to country, allowing the 
TI - The global city
JF - International Social Science Journal
DO - 10.1111/j.1468-2451.1996.tb00052.x
DA - 1996-03-01
UR - https://www.deepdyve.com/lp/wiley/the-global-city-hw1RraTMqP
SP - 15
VL - 48
IS - 147
DP - DeepDyve
ER -