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An evaluation of financial globalization under fund‐manager capitalism: the case of the UK unit trust industry
Author(s) -
Williams Colin C.
Publication year - 2001
Publication title -
area
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.958
H-Index - 82
eISSN - 1475-4762
pISSN - 0004-0894
DOI - 10.1111/1475-4762.00042
Subject(s) - capitalism , globalization , unit (ring theory) , capital (architecture) , finance , financial capital , unit trust , business , venture capital , economics , market economy , political science , human capital , mathematics education , mathematics , archaeology , politics , market liquidity , law , history
Drawing upon evidence from the UK unit trust industry, this paper evaluates the extent and nature of financial globalization. It finds that despite this rapidly growing and prominent form of fund‐manager capitalism operating with increasingly mobile capital in a more inter‐connected deregulated world, this does not signal the advent of homeless capital and the end of geography.