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| 1 |
ID:
106419
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| Publication |
2011.
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| Summary/Abstract |
Project MUSE - World Policy Journal - New Capitols of Capital Project MUSE Journals World Policy Journal Volume 28, Number 1, Spring 2011 New Capitols of Capital World Policy Journal Volume 28, Number 1, Spring 2011 E-ISSN: 1936-0924 Print ISSN: 0740-2775 Sub-Article from New Capitols of Capital Moscow:Overcoming a Bad Rap Featuring Miriam Elder on Moscow Return to Article The skyscrapers of Moskva-Citi loom over Soviet-era Moscow like gleaming beacons beckoning a new era. The cluster of high-rises, Moscow's answer to La Defense or Canary Wharf, was born of the pre-financial crisis oil boom, when Russia was keen to use its newfound wealth to catapult itself to the forefront of the global economy. Times have changed, but Moscow's ambitions have not. Dmitry Medvedev, the soft-spoken president who has sought to make subtle liberalization the hallmark of his presidency, first seized upon the idea of transforming the Russian capital into a global financial center two years ago. In recent months, the effort has taken center stage. "Major changes have taken place in Russian society and the Russian economy," Medvedev said in Davos earlier this year, pitching his idea of Moscow as the newest global financial capital to the World Economic Forum. "We are developing and we are moving ahead." Moscow's rapid transformation from the starved center of Soviet demise to the bustling capital of uber-capitalist Russia has produced a sort of urban shock. The gridlocked...
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| 2 |
ID:
106414
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| Publication |
2011.
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| Summary/Abstract |
Since the beginning of the global trade in securities, bonds and currencies, three cities have emerged as the world's preeminent money centers: New York (Wall Street), London (The City) and Tokyo. They exert enormous influence on the world's economic agenda, and their cultures subtly shape the world of finance. But today, with the emergence of dynamic economies and societies in the developing world, there has emerged a host of new potential global financial centers. The list is long: Mumbai, Singapore, Hong Kong, Seoul, Dubai, Lagos, Johannesburg. None yet rivals the current
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