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How Does Financialization Affect Manufacturing Investment?
January 29, 2014 @ 3:00 pm - 4:30 pm CST
Free
Presented by UIC Great Cities Institute & UIC Center for Urban Economic Development
“How Does Financialization Affect Manufacturing Investment?”
Susan Christopherson
Professor
Department of City and Regional Planning
Cornell University
Wednesday, January 29
3:00 p.m. – 4:30 p.m.
Great Cities Institute
412 South Peoria Street
Suite 400, CUPPA Hall
This talk engages the debate on the role of manufacturing in the US and UK. Two major questions are addressed. First, does it make economic sense to expect the growth of advanced manufacturing in what are considered “post-industrial” economies? And second, what conditions work against the establishment of robust export-oriented manufacturing in the US and UK. In particular, Susan will examine how processes associated with the “financialization” of these two economies affect capital investment in manufacturing enterprises, particularly in the small and medium size companies that make up supply chains, and in the research and development that leads to product and process innovation. For the purposes of this talk, financialization is defined as a set of processes in which financial motives and instruments become central to capital accumulation. These processes have been more influential in economies such as those of the US and UK, whose market governance institutions favor short-term returns on investment and emphasize the primary rights of one set of industrial stakeholders, capital investors.
Susan Christopherson is a Professor in the Department of City and Regional Planning at Cornell University. She is a geographer whose career has been based on commitment to the integration of scholarly work and public engagement.
Her research interests are diverse, but focus on political-economic policy, especially its spatial dimensions. Much of her research is comparative and she has published a series of articles and a book on how different market governance regimes influence regional development and labor market policies.
Susan Christopherson’s public engagement has spanned arenas from the local to the global. She has acted as a consultant to the Organization for Economic Cooperation and Development and to the United Nations Conference on Trade and Development as well as national, state, and local government. She is currently chair of the International Economic Development Council advisory committee on higher education and economic development.
To request disability accommodations, please contact Christiana Kinder, Great Cities Institute, (312) 996-8700, christia@uic.edu
