Abstract
The purpose of his paper is to examine the spatial implications of restructuring financial institutions, factors influencing the reform and the changes perceived after restructuring financial institutions in Ibadan metropolis. Two major research instruments were adopted in this study, these are the In-depth Interview (IDI) and the use of structured questionnaire through participatory approach, the involvement of the respondents across different socio-economic groups ranging from students, bankers, civil-servants, traders and the unemployed.
Highlights
Spatial restructuring is a complex process which operates at an inter-divisional level and within divisions (Meegan, 1982)
Castell states that the new global economy and the emerging informational society have a new spatial form, which develops in a variety of social and geographical context: Spatial forms and processes are formed by the dynamics of the overall social and spatial structure
Two major research instruments were adopted in this study, these are the In-depth Interview (IDI) and the use of structured questionnaire through participatory approach, the involvement of the respondents across different socio-economic groups ranging from students, banker, civil servant, unemployed, and so on
Summary
Spatial restructuring is a complex process which operates at an inter-divisional level and within divisions (Meegan, 1982). A critical review of the literature shows a gap in knowledge on the spatial implications of organization restructuring of financial institutions. GeographicScholarship and the corpus of Social Science theory [1], focused on observable spatial changes and patterns and, for the most parts ignore the spatial implications of spatial processes and services. The new industrial space is organized in a hierarchy of innovation and fabrication articulated in global networks. The new industrial space perhaps, spatial restructuring is organized around flows of information that brings together and separate at the same time their territorial components and office space. Castell states that the new global economy and the emerging informational society have a new spatial form, which develops in a variety of social and geographical context: Spatial forms and processes are formed by the dynamics of the overall social and spatial structure
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