Reijer Hendrikse

Reijer Hendrikse
Vrije Universiteit Brussel | VUB · Department of Geography

PhD Social Sciences (Financial Geography)

About

32
Publications
31,149
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376
Citations
Introduction
My research interests are centered on the interfaces between corporations, business services, financial centers, and states, with a focus on finance, lawmaking, technology, and their political anchoring under neo(-il)liberalism. I am currently working on a project investigating the footprint of US and Chinese Big Tech in the offshore financial centers of the Benelux, functioning as gateways into the European Union (EU). See: http://www.cosmopolis.be/people/reijer-hendrikse
Additional affiliations
February 2016 - present
Vrije Universiteit Brussel
Position
  • PostDoc Position
February 2016 - June 2016
University of Amsterdam
Position
  • Teacher political geography
August 2015 - October 2015
SOMO - Stichting Onderzoek Multinationale Ondernemingen
Position
  • Researcher

Publications

Publications (32)
Article
Full-text available
Spearheaded by major technology companies (Big Tech), digital platforms have rapidly become key infrastructures for accumulation under global financialized capitalism, with consumer convenience and underlying practices of data collection, control and analysis giving rise to platform finance. While financial institutions are partnering with financia...
Article
Full-text available
Building on the notion of corporate financialization, this article analyzes the financial dynamics of the world’s largest digital platforms over the period 2000–2020: Alibaba, Alphabet (Google), Amazon, Apple, Meta (Facebook), Microsoft, and Tencent. These “Big Tech” corporations jointly form the infrastructural core of the digital economy. Taking...
Technical Report
Full-text available
This briefing focuses on Gazprom’s business activities in Amsterdam, the Netherlands, which are serviced by a range of accountancy and law firms. As the world’s largest gas producer, majority state-owned Gazprom is generally considered the most lucrative jewel in Putin’s crown. The offshore financial center of Amsterdam, meanwhile, functions as th...
Article
Full-text available
"[T]his contribution first expands on our notion ‘the Big Tech bang’, through which we analyze the historical rise of Big Tech and its role in shaping an emerging socio-technical system. Second, we move to the present and expand on the features of what we call ‘the Big Tech model’, which is based on generating network effects to facilitate rent ext...
Article
Full-text available
This paper expands on the notion neo-illiberalism, signifying a symbiosis between neoliberal capitalism and variegated illiberal nationalisms, offering deeper reflections on its geopolitics, key drivers, and conceptual puzzles. It is argued that the West has entered an age of political illiberalization, replicating political operating logics of var...
Article
Full-text available
Boekbespreking van: Ewald Engelen (2021) Ontwaak! Kom uit uw neoliberale sluimer.
Technical Report
Full-text available
This report unpacks the notion 'Big Tech', and investigates the financial numbers behind the operations of the world's largest Big Tech companies, five of which are headquartered in the US - Alphabet (Google), Apple, Amazon, Facebook and Microsoft - and two in China, namely Alibaba and Tencent. At the time of writing, each of the seven firms’ marke...
Article
Full-text available
This article explores the production and impact of advanced services in the Brussels economy, and aims to address three main objectives. Firstly, it provides a portrait of advanced services in Brussels and their spatial dynamics (1995-2014). Second, based on the idea that the emergence of global cities is linked to the socio-spatial polarisation of...
Article
Full-text available
Limited empirical evidence in support of world-city formation has been the 'dirty little secret' of the eponymous research area. In the late 1990s, inspired by Sassen's account of The Global City, the field focused on advanced producer services (APS) firms as primary actors in world-city formation. While generating robust insights into the shifting...
Chapter
Full-text available
In this chapter, we unpack the mechanisms and players shaping offshore finance. We first detail a number of legal innovations instrumental to the rise of the global offshore system. Next, we evaluate different datasets underscoring the weight of offshore capital stocks and flows shaping financialized capitalism. These figures reveal a core geograph...
Article
Full-text available
The rise of Fintech challenges established financial centres and incumbent financial institutions to rethink their strategies to remain obligatory passage points in the age of digitizing finance. To appreciate these changes, it is important to maintain theoretical interchange between developments in financial geography and economic geography, its p...
Article
Full-text available
The literature on global and world cities points towards a growing concentration of advanced producer services (APS) firms in a restricted number of cities, who execute strategic command and control functions over globalised capitalism. However, relatively little attention has been paid to how APS are located within such cities. We argue that APS l...
Chapter
Full-text available
This essay focuses on the murky financial realm known as offshore finance. It shows that offshore finance is not solely about capital moving beyond the reach of states, but involves the rampant unbundling and commercialisation of state sovereignty itself.
Article
Full-text available
This review brings together a set of trends to rethink neoliberalism. Decades of neoliberalization have transformed Western political economies, and although the financial crisis debunked the ideology for a fraud, the practices have simply refused to die since. Instead, neoliberalism assumed an authoritarian character, feeding popular resistance. A...
Article
Full-text available
The rise of financial technology (FinTech) engenders novel business models through integrating financial services and information and communication technologies (ICT). Digital currencies and payments, data mining, and other FinTech applications threaten to radically overhaul the financial sector. This article argues that, while we are becoming awar...
Article
States in advanced economies both shaped and were influenced by financialization, that is the expansion of market-based and risk-oriented finance into non-financial realms. We put forward ‘state financialization’ as a notion that captures the transformation of core state functions vis-à-vis financialization. For analytical purposes, we categorize t...
Thesis
Full-text available
It is often claimed that the power of finance is pervasive and omnipresent, yet the delicate ways in which financialization exerts its will across space remain little explored. In fact, such claims obscure the fact that financial development constitutes a profoundly uneven process – both across and within national political economies, regions or lo...
Article
Full-text available
Introductie De geschiedenis van de Universiteit van Amsterdam (UvA) begint als Athenaeum Illustre in het jaar 1632 – de tijd van Descartes en de geboorte van de moderne wetenschap. Bij het binnentreden van de nieuwe tempel op Roeterseiland straalt het academische zelfbeeld de bezoeker tegemoet: onder goedlachse zwart-wit por‐ tretten van studenten...
Article
The global financial crisis is complex and uneven. This paper focuses on the propagation and mediation of the crisis via a case study of the city of Pforzheim, in southwest Germany. In 2004 the municipality signed a number of derivative contracts with Deutsche Bank, aiming to limit interest payments. However, since the early days of the crisis thes...
Article
Full-text available
If any organization ought to be immune to the forces of financialization, it is a publicly funded university in corporatist Europe. Shielded from the intrusion by financial metrics, values and professionals through a strong historically rooted tradition of self-management by powerful professional guilds, continental universities should largely have...
Article
This paper dissects the financial crisis through an analysis of financial development in Ireland. Although a single system, Irish finance is split in two. Illustrative of national financial developments, this paper details how public officials aimed to create a financial center in Cork. Exemplifying transnational developments, the role of Dublins f...
Article
Full-text available
In wisselende gedaantes en variabele intensiteit sluimert de financiële crisis nog altijd voort. Inge- fluisterd door bankiers grijpen Europese politici naar dubieuze financiële instrumenten en technieken om de crisis te lijf te gaan. In het perverse theater dat Europa heet, zien financiële ‘experts’ hun politieke kredietwaardigheid toenemen. Hoe i...
Article
Full-text available
There is no abstract for this paper.

Network

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Projects

Projects (3)
Archived project
The project starts from the Innoviris Anticipate call 2015 concerning urban development - Brussels' economic function: entrepreneurial dynamic, (re)location of enterprises and tertiary sector importance. The context of this problematic is the question of the weakening of the distinction between city and its periphery, inter alia through uneven agglomeration advantage dynamics and the influence of ICT that can undermine importance of physical proximity. The double aim of the project is (i) the qualitative and quantitative cartography of the recent spatio-temporal dynamics within the advanced producer services sector (i.e. financial services, legal services, management consultancy, accountancy and auditing, advertising) and (ii) the tracking of socio-spatial dynamics that could explain the shifting economic geography of these sectors. The project is focused on competition and complementarity at three scales: Brussels within the world city network, the Belgian "global-city-region" (including Flemish and Walloon cities) and the Brussels metropolitan region s.s. More specifically, the focus will be on financial center formation in Brussels and the service ecologies around the various European Institutions. The basic hypothesis is that urban clusters will maintain a comparative advantage concerning complex and high-quality core activities, whereas labor-intensive and routine activities will more easily more to the edge and beyond. The project's ultimately intends to make targeted recommendations on the further localization economies within the Brussels Capital Region and nuance policy choices about the strengthening of the advanced producer services complex by highlighting the impact of such cluster formations on the labor market, housing market, consumption spaces, etc. A key element here is the curtailing of socio-spatial polarization effects that are usually associated with such regional economic policy. This research was funded by Innoviris, research grant PRFB 8 and is based on cooperation with IGEAT (ULB) under the co-supervision of Gilles Van Hamme and with the support of: ADT-ATO (see http://www.adt-ato.brussels/nl) Brussels Commissioner for Europe (see http://www.commissioner.brussels/) Febelfin (see https://www.febelfin.be/)
Project
Witnessing the rapid digitization of finance, this project investigates financial center change through a comparative case study of Amsterdam, Brussels, and Luxembourg. A main question this project seeks to answer is how the traditional intermediating role of financial centers is changing in light of the increased use of technology. Is there still a need for financial centers in the age of rampant digitization? And if so, which organizations will be the key intermediaries: big banks, or rather tech giants such as the American Google, Apple, Amazon, and Facebook, or the Chinese Alibaba? Although constituting pressing issues in terms of economy, society and even geopolitics, FinTech-induced transformations in financial centers remain poorly understood. Further, while a geographical research agenda on FinTech is emerging, the focus has thus far been mostly on start-ups, less on the financial endeavors of 'BigTech'. This project seeks to fill these gaps by focusing on the Benelux where established financial institutions and large tech firms are beginning to collaborate. It focuses on how organizations change, how local and regional institutions shift, and how these transformations relate to wider regulatory and strategic changes enacted at national and European scales.
Project
Financialization has become the go-to term for scholarship that studies the vastly expanded role of finance in contemporary politics, economy and society. The goal of this handbook is to provide a comprehensive overview of the scholarship on financialization as it stands today, almost twenty years after the concept was first embraced by social scientists.