Beyond embeddedness: economic practices and the invisible dimensions of transnational business activity

Jones, A. (2008). Beyond embeddedness: economic practices and the invisible dimensions of transnational business activity. Progress in Human Geography, 32(1), pp. 71-88. doi: 10.1177/0309132507084817

[img]
Preview
PDF
Download (329kB) | Preview
Official URL: http://phg.sagepub.com/

Abstract

Embeddedness remains a central concept in much economic geographical thought for understanding how social factors influence economic activity. Recent commentators have argued for a reconceptualization that entails a relational and processual redefinition of the concept. This paper argues, however, that there remain deep-rooted epistemological problems with embeddedness that are not overcome by this emerging reconceptualization. It argues that the conceptual lexicon of embeddedness conflates economic action and outcomes, insufficiently captures power and agency and produces a limited understanding of the spatialized development of economic activity. It further argues that the language of embeddedness conceals dimensions to transnational business activity that require increasing theoretical attention in order to explain economic success or failure in the context of contemporary globalization. In contrast to those seeking to reconceptualize embeddedness, the paper thus argues for a relational and associational approach centred on tracing the practices that produce economic outcomes in the contemporary global space economy. This alternative approach draws on recent contributions to actor-network theory as well as relational and topological theorizations of the nature of power and knowledge in relation to economic activity. The arguments are grounded with reference to a series of examples drawn from research into the nature of contemporary transnational firms.

Item Type: Article
Uncontrolled Keywords: Social Sciences, Geography, actor-network theory, economic practice, embeddedness, globalization, relationality, transnational business., ACTOR-NETWORK THEORY, INSTITUTIONAL EMBEDDEDNESS, GEOGRAPHY, KNOWLEDGE, INDUSTRY, ORGANIZATION, PERSPECTIVE, RETHINKING, CREATION, CONTEXT
Subjects: G Geography. Anthropology. Recreation > G Geography (General)
H Social Sciences > HF Commerce
Divisions: School of Arts
School of Social Sciences
URI: http://openaccess.city.ac.uk/id/eprint/2594

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics