It was usually assumed that the trade balance (more strictly, balance on goods and services) would be tailored to accommodate any capital movement that occurred.
However, I also argue that even though it is such a singular place, in accordance with Harvey's claim that all places must accommodate to capital accumulation, Ocean Grove's history shows examples of some quite familiar responses to a larger system of political, social, cultural, and economic circumstances.
Chicago was effectively the Swedish-American capital, accommodating about 10% of all Swedish Americans more than 100,000 people making it the second-largest Swedish city in the world (only Stockholm had more Swedish inhabitants).
But King Abdullah's stated policy is that Jerusalem should "accommodate two capitals, one Palestinian and one Israeli," with the final status of the ancient mosques there to be determined by Ehud Barak, the Israeli prime minister, and Yasir Arafat, the Palestinian leader.
In the past two years the West has been trying to bolster a revamped government in Mogadishu, Somalia's capital, while accommodating the semi-autonomous fiefs to build what might become a workable federation.
The corporate debt market has grown enormously in recent years, expanding to accommodate the burgeoning capital needs of hundreds of companies.
The company did not complete a new round of equity financing, but simply refinanced its outstanding term loan facility in order to accommodate its working capital requirements driven by its fast growth.
Capital markets are accommodating too.
Most housing associations have increased their sales and, more broadly, non-core commercial activities, to accommodate a reduction in capital grants from the UK government.
The Knights' home game Wednesday was moved from the team's aging facility in Kladno, about 19 miles northwest of Prague, to the modern O2 Arena in the capital to accommodate nearly twice the number of fans.
