By Gillian Youngs

Introduction: 20th-21st century imaginings and realitiesВ  Section 1: Time/Space Frameworks В  1.В States and Markets: understandingВ geospatial time 2.В Virtual Realities: exploring sociospatialityВ  three. The Political financial system of Time: historic time, velocity and mobility Section 2: Borders and Inequality В  four. Transcendence and CommunicationВ  five. Inequality as DriverВ  6. Embedding Patriarchy: feminism and inequality within the web eraВ  Section three: Technofutures and tool В  7. advanced Hegemony within the twenty first Century: strength and inequalityВ  end

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They concern both time and space in a range of ways, and they connect them in specific senses, notably through the state, the national economy, the hegemon that is the USA. National currencies are at least in part a communication of differentiated state power and history, of the past as much as the present, and to some degree, the future. 30 Time/space frameworks The euro as historic challenge? The arrival of the euro in 2002 and debates around it were interesting in this context, because this new currency and different reactions to it brought to the fore of political and public debate issues about the significance of national currencies for national identity, and sovereignty.

The global financial sector graphically illustrates this ICT shift in GPE, with the demise of the frenetic activities of traders shouting their prices on stock exchange floors and the rise of computer-bound transactions, and financial markets and businesses, networked for instantaneous deals across the world. It could be argued that the growth of financial globalization was the strongest indicator in the late twentieth century of how individual economies were becoming increasingly integrated with one another, especially among the developed economies, but also across developed and developing ones.

The sense of continuum however has been severely disrupted by the question of territorial sovereignty and the symbolic as well as material binding of national currencies to that geospatial identity. This tension with the arrival of the euro was characteristic of prominent elements of debates in the UK resisting and certainly delaying incorporation into it to some uncertain date in the future. Hutton (2002: 1–2) has a particular purchase on the possibilities here relating to the UK, which position the history of the transatlantic alliance as pivotal.

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