Transnational elites in global cities: British expatriates in Singapore's financial district

Skilled international migration is as an important process of both contemporary globalization and the global city. The establishment of a transnational elite of expatriate tabour in international finance plays a vital part in the accumulation of capital within international financial centres (IFCs). Expatriate tabour has become a major determinant of the IFC, creating financial capital through complex social relations, knowledge networks, practices and discourses. The principal argument being made in this paper is that expatriates are major agents in the accumulation and transfer of financial knowledge in the IFC, and that such processes are undertaken through expatriate global-local knowledge networks and other social practices. The paper is divided into three major parts. Following a discussion of transnational elites as expatriates in global cities, which also conceptualises their contribution to the spatialization of financial knowledge networks, the empirical study investigates the working, social and cultural knowledge networks and practices of British expatriates in Singapore. Finally, the paper revisits the conceptual work on transnational elites and suggests that expatriates were deeply embedded in global-local relations in the workplace and the business/social sphere through interaction with local 'western educated/experienced' Singaporeans, but were disembedded from the local in the home and other household social spaces due to the invisibility of the local population in their interactions. Both the theoretical and empirical analyses suggests that expatriates are flow in the Castellian spatial logic of the network society. (C) 2002 Elsevier Science Ltd. All rights reserved.