Financial markets show the most intricate response-presence-based global integration

Evidence

Perhaps the most intricate forms of global microintegration in response-presence–based social forms can indeed be found in global financial markets, which are highly disembedded social systems, and whose system infrastructures surely are among the best developed—and the best serviced—in the world. Alternative patterns of global integration can presumably be found in global scientific collaborations that rely on centered sites and centering mechanisms of cultural production (e.g., high-energy physics experiments conducted by 2,000 physicists worldwide and lasting 20 years; see Knorr Cetina 1999, chaps. 7–8) and in some globally operating terrorist organizations, which seem to be characterized by a strong level of intersubjectivity that is combined with dispersed activities and distantiated cooperations. — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 143

Categorization

• QUESTION: The comparison of financial markets to terrorist organizations as alternative global coordination forms invites follow-up reading of the comparative literature gestured at.
• XREF: Connects to the wider financialization literature on disembedded markets and to field studies of other dispersed, high-interaction systems. — connects to: Fundamentally unrelated market phenomena can suddenly move in lock-step within a global microstructure — Donald MacKenzie, An Engine, Not a Camera: How Financial…, 1088

Related

• Global markets are assembled through microsocial patterns of relatedness and coordination (similarity 0.85)
• Geographically dispersed but mutually oriented actors form global microstructures that bind markets together. (similarity 0.83)
• Markets combine distinct forms of coordination beyond network embeddedness, including reflexive temporal coordination. (similarity 0.82)
• Microsocial interactions have risen to structural equivalence with macroscopic global phenomena. (similarity 0.81)
• Fundamentally unrelated market phenomena can suddenly move in lock-step within a global microstructure (similarity 0.81)
• Geographically dispersed markets achieve social integration through time, not space (similarity 0.80)
• Screen markets invert networks from being the basis to a reinforcement of trading coordination (similarity 0.80)
• Global market interaction produces intersubjectivity beyond face-to-face encounters (similarity 0.79)
• Markets manifest a third embeddedness type beyond relational and structural forms (similarity 0.79)
• Global social fields can form from micro interactions without complex organization. (similarity 0.79)
• Shared temporal structuring of a common object distinguishes global markets from ordinary electronic groups (similarity 0.79)
• Fieldwork on trading floors reveals the microstructural and knowledge-embedded basis of global trading systems. (similarity 0.79)
• Markets operate as processual social systems shaped by trader practice, knowledge, and globality (similarity 0.78)

Broader Connections

• Fundamentally unrelated market phenomena can suddenly move in lock-step within a global microstructure #expands (0.78) — Donald MacKenzie, An Engine, Not a Camera, 1088