The Role of Location in Knowledge Creation and Diffusion: Evidence of Centripetal and Centrifugal Forces in the City of London Financial Services Agglomeration

2007 ◽  
Vol 39 (6) ◽  
pp. 1325-1345 ◽  
Author(s):  
Gary A S Cook ◽  
Naresh R Pandit ◽  
Jonathan V Beaverstock ◽  
Peter J Taylor ◽  
Kathy Pain
2020 ◽  
pp. 300-308
Author(s):  
Jonathan Scott

This concluding chapter discusses how the Anglo-Dutch revolution of 1649–1702 stood at the centre of a succession of wider transformations which were agricultural, political, and commercial. All of these had their origins in the Netherlands before spreading to south-eastern England and across the Atlantic. Understanding their development and diffusion has required attention to religion, migration, and war as well as to economic, social, and cultural life. The result connected a series of unique local human environments, including the Dutch water world, the city of London, and the American frontier into a world-altering imperial system. By the later eighteenth century the Atlantic reorientation of the European economy had thrown the Baltic into relative decline, sparking the dramatic growth of Liverpool, Manchester, and Glasgow while Stockholm, Copenhagen, and Amsterdam stagnated.


2018 ◽  
Vol 62 (1) ◽  
pp. 77-99 ◽  
Author(s):  
D. ALAN ORR

AbstractThis article addresses the role of Protestant military humanism in early Stuart Ireland. The central argument is that Protestant military humanism as embodied in the works of such authors as Geoffrey Gates (fl. 1566–80) and Barnabe Rich (1541–1617) played a vital role in the Jacobean plantation of Ulster. These authors combined a strong commitment to the Protestant religion with the conviction that martial virtue was essential for the preservation of the commonwealth against the threats of domestic rebellion and foreign domination. The example of the soldier-planter Sir Thomas Phillips of Limavady (c. 1560–1636) and his criticisms of the City of London's plantation in Derry during the 1620s demonstrates that military humanist values not only offered a persuasive rationale for colonization, but also significantly shaped the course of plantation on the ground. Phillips's lengthy conflict with the City of London demonstrated a fundamental disjuncture between his own Protestant military humanist outlook, and the City's own understanding of its civilizing mission in Ireland; however, rather than a conflict between aristocratic and civic values, close study reveals instead a struggle grounded in competing hierarchies of civic values.


Significance The alternative to passporting after Brexit is ‘equivalence’, which would allow EU and UK firms access each other’s financial markets. However, such a regime does have the same sectoral coverage as passporting and is vulnerable to revocation. Impacts New free trade deals with non-EU countries will not substitute for the EU’s single market in terms of financial services coverage. While the strength of other EU financial centres will grow, London has an infrastructure that is difficult to replicate. Failure to reach an agreement on UK-EU financial services trade could see many firms unable to serve EU clients from London.


2018 ◽  
Vol 15 (1) ◽  
Author(s):  
Natalia Pérez Torres

Abstract To think the borders of the metropolis beyond the representations associated with precariousness and crime presupposes recognizing the abundance and vitality of aesthetic practices and productions that are reconfiguring the discourses on the peripheries. In both Brazil and other Latin American countries, the emergence and diffusion of languages produced in the "margins" of cities call into question the center/periphery dualism - relativizing the existence of fixed boundaries, while proposing other ways of narrating different collective experiences. Commonly seen as a peripheral product, graffiti is an artistic language that express the multiplicity of agencies on the metropolitan edges. In the city of Medellín, Colombia, different groups formed mainly by young people from the edges have been taking on graffiti and hip hop as a resource to understand, narrate and distance themselves from the violence that crosses them. A significant sample of this type of collective experience is the Graffitour proposal, an "aesthetic, political and historical" route organized by the Centro Cultural Casa Kolacho in the Commune 13. Based on the assumption that the Graffitour transcends the simple representation of the medellinense periphery and constitutes a form of cultural and political organization to speak about the violence that appears in the city, this work reports the experience of having carried out this journey through Commune 13. In this sense, it aims to reflect on how discourses are produced on metropolitan edges in contemporary times and on the role of urban artistic manifestations in the interpretation of violence and in the construction of social memory.


Author(s):  
Dwyer Emma

This chapter considers the markets for the trading of derivatives and commodities in the UK, which form an important part of the financial services industry of the City of London. This chapter describes the precursors of the types of trading activities that were conducted historically in the City of London and have spread to neighbouring areas of west, central, and east London for the past forty years. It also emphasizes the growth of electronic trading platforms and the rapid growth of technology that diffuses trading activities geographically. This chapter addresses the question as to whether it makes sense to continuously speak of “UK” derivatives and commodities markets, as opposed to European or international markets. It talks about over—the—counter (OTC) trades executed in the UK that often involve at least one party operating from a location outside the UK.


Author(s):  
Scott James ◽  
Lucia Quaglia

This chapter uses the domestic political economy framework to consider the implications of Brexit for UK financial regulation. It outlines the likely future UK–EU relationship by analysing the preferences, role, and influence of key domestic groups on Brexit, and by assessing the EU’s framework for managing relations with third countries. We argue that elected officials pursued a ‘hard’ Brexit position in response to parliamentary constraints and pressure from financial regulators to avoid becoming rule-takers. The City of London authorities pushed strongly for a bespoke deal based on mutual recognition, although this masked significant intra-industry divisions. The EU’s insistence that the future relationship be based on the existing third-country regime reflected a desire to defend the single market, but also Franco-German incentives to compete for post-Brexit business. However, the coverage of third-country equivalence rules in finance, and the inclusion of financial services in trade agreements, remains limited.


1979 ◽  
Vol 11 (2) ◽  
pp. 111-127 ◽  
Author(s):  
Roger Howell

To many seventeenth century observers, the political role of towns in the English Civil War was clear enough. Clarendon, for example, referred to the “great towns and corporations, where besides the natural malignity, the factious lecturers and emissaries from the Parliament had poisoned the affections.” Thomas Hobbes was even more specific: “The City of London and other great towns of trade, having in admiration the prosperity of the Low Countries after they had revolted from their monarch the king of Spain were inclined to think that the like change of government here would to them produce the like prosperity.” In similar fashion, the anonymous author of the 1648 tract Persecutio Undecima saw the commercial interests of the urban areas, especially London, as one of the significant factors in the calling of the Long Parliament and the subsequent outbreak of war.


2012 ◽  
Vol 13 (3) ◽  
pp. 538-587 ◽  
Author(s):  
Simon Mollan ◽  
Ranald Michie

The relative importance of financial services in national economies varied over the course of the twentieth century. Rajan and Zingales note that “by most measures, countries were more financially developed in 1913 than in 1980 and only recently have they surpassed their 1913 levels” and that “indicators of financial development fell in all countries after 1929, reaching their nadir around 1980. Since then has been a revival of financial markets.” This revival of financial markets over the last thirty years has led to the study of “financialization” that is variously defined with differing uses, but here is understood as “the growing importance of financial markets as a source of profits in the economy.”


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