Dr Martin Sokol Canterbury Christ Church University [email protected]The polycentric metropolis hypothesis and knowledge-intensive business services (KIBS): The case of a banking and financial services sector in the Greater Dublin region IGU – Urban Commission Canterbury, 2011
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Dr Martin Sokol Canterbury Christ Church University [email protected]
IGU – Urban Commission Canterbury, 2011. The polycentric metropolis hypothesis and knowledge-intensive business services (KIBS): The case of a banking and financial services sector in the Greater Dublin region. Dr Martin Sokol Canterbury Christ Church University - PowerPoint PPT Presentation
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Dr Martin SokolCanterbury Christ Church University
• Desirable– more balanced (fairer) development– more econ. efficient– more environ. sustainable
[solving old dilemma: equity vs. efficiency?]
Debate / consensus
Polycentric urban structures are indeed emerging?• Scott et al. (2001): multiclustered agglomerations• Sassen (2001): new geographies of centrality• Castells (1989): multinuclear spatial structures• Hall (1999): networked urban region,
multi-core metropolis• Hall and Pain (2006): polyopolis, polycentric mega-
city region, polycentric metropolis
Significant...urban transformation:
Significant...urban transformation:
• new economy new spatial organisation
• monocentric industrial city post-industrial polycentric city-region
New urban reality? End of city as we know it?
Beyond cities?
Key drivers
ICTs plus...
• KIBS (knowledge-intensive business services) (banking and finance, insurance, legal service, engineering, accounting, consultancy and other business services)
• APS (Advanced producer services)• FIRE (Finance, Insurance, Real Estate)
Castells (Informational City)• social organisation spatial form • informational economy new spatial logic• informational mode of development• driven by large scale information-processing organisations• information-intensive industries = KIBS• ICT ‘complex, hierarchical, diversified organisational structure’• different parts: linked by ICTs = ‘space of flows’
Castells (Informational City)• complex spatial structure: simultaneous centralisation and decentralisation’ • neither centralisation nor decentralisation is dominant • decentralisation:
(1) Inner city suburbs (of metropolitan areas)(2) Metro non-metro areas / small cities(3) Between regions
domestic banking• Bank of Ireland, AIB, Ulster Bank, Permanent TSB, National
Irish Bank, Anglo-Irish Bank...• Serving (mostly) domestic market / HO in Dublin
• Centralisation of functions back-office (e.g. cheque processing, credit checks, loans, credit cards) & front-office (telephone/internet banking) Decreasing polycentricity (slimming down branch network & regional offices) Spatial decentralisation of centralised functions to cheaper locations (call centre, card centre, IT support centre, Internet banking support centre, credit scoring unit)[geography: 2 hour drive from HO = favours locations within Greater Dublin region]
international financial services• Funds; Banking/finance; Insurance• All major global players (Irish operation)• servicing (mostly) global clients• mostly in Dublin
international financial services• Funds; Banking/finance; Insurance• All major global players (Irish operation)• servicing (mostly) global clients• mostly in Dublin• International Financial Services Centre (IFSC)
[Dublin’s version of London’s Docklands]• Est. 1987; 10% corporation tax (now 12.5%)• Ireland = cheaper location for big global players• they had to locate in Dublin’s IFSC to benefit• by 2005: 20,000 jobs• Limited decentralisation outside Dublin (but not necessarily in
Greater Dublin region)
Polycentric metropolis?
• complex picture• not easy to foresee, but so far: • no clear tendency towards polycentric
metropolis• centripetal forces > centrifugal forces• if decentralisation: sub-ordinate functions• no sign of balanced (polycentric) development• Dublin – continued dominance
Further complications
• ‘indirect’ effects of finance (e.g. via lending to households, firms, property developers...)
• shaping urban structure (e.g. residential mortgages / suburbanisation - see also Markus Hesse’s paper; and/or speculative office development)
• also implications for the national economy...• “up to half of the banking system’s aggregate loan
book is now in the broadly defined property category” (Central Bank and FSA, 2005, 9)
Further complications
• crisis
Further complications
• crisis
Further complications
• crisis
The emergence of a polycentric metropolis in Dublin:
uncertain & problematic
Thank you
ABSTRACT
Martin SokolThe polycentric metropolis hypothesis and knowledge-intensive business services (KIBS): The case of a banking and financial services sector in the Greater Dublin region
This paper critically examines the hypothesis that polycentric structure is emerging out of urban transformations in and around European metropolitan city-regions. Knowledge-intensive business services (KIBS) are often seen as key drivers of this process - which many hope will result in a more balanced pattern of urban-regional development. The paper focuses on a banking and financial services sector which, among KIBS, displays perhaps the biggest propensity to decentralise from central business districts (CBD) of primate cities to smaller urban centres in the periphery of metropolitan regions. However, the case study of Greater Dublin region demonstrates that while banking and finance does show some decentralising tendencies, these may not necessarily lead to a more balanced polycentric city-regional development - not least because the tendency to locate the most valuable operations in the primate city (and especially in its CBD) remains strong.
36th Annual Conference of the International Geographical Union (IGU) – Urban Geography Commission–'Emerging Urban Transformations'
Urban Transformations: Exploring Local, Regional and Global City RegionsCanterbury Christ Church University