Global120_SectionPresentation_Handout - Saska Sassen...

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Main Point: The main point of this article is to analyze the use of the electronic space by both individuals and corporations, in conjunction with a globalization in which the world economy is increasingly being utilized through the electronic space, while also considering factors of distributed power, centrality, and cyber- segmentation. Brief Summary: Financial markets are open largely through private electronic networks. o Due to increase in: speed, simultaneity, and interconnectivity o These properties have increased the magnitude and concentration as never before. Electronic space is embedded in the larger dynamics organizing society. Distributed power of electronic space is achieved through decentralization, openness, possibility of expansion, no hierarchy, no center, no conditions for authoritarian or monopoly control. There are 3 ways in which embededness of electronic space can be realized: o “There is no fully virtualized enterprise nor a fully digitalized industry.” Even highly digitalized economic sectors require a strategic site with infrastructure, labor resources, and a
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This note was uploaded on 02/01/2011 for the course GLOBAL 120 taught by Professor Nash during the Fall '09 term at UCSB.

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Global120_SectionPresentation_Handout - Saska Sassen...

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