Globalization, Hegemony and the Future of the City of London

This book gives a detailed account of the motivations behind the primacy of the City of London, both as a domestic actor and as a global financial centre. It focuses on whether the hegemonic position of the City of London can be threatened by the globalization process and how this relates to its role as an international money laundering centre. This book gives a detailed account of the primacy of the City of London, both as a domestic actor and as a global financial centre. It focuses on whether the hegemonic position of the City of London can be threatened by the globalization process and how this relates to its role as an international money laundering centre. The City of London has long been able to control British economic policy-making, and has taken the lead as a domestic actor as well as making its mark on global financial markets. This book analyzes the causes and consequences of this hegemony, and the implications that this has had for politics, socioeconomic interest groups, and the exceptional nature of British capitalist development. Dr. Talaniquestions the sustainability of this hegemony, discussing the threat of globalization and the impact that this has had on London's role as an international money laundering centre. The future of the primacy of the City is also debated in light of the recent global financial crises This book gives a detailed account of the primacy of the City of London, both as a domestic actor and as a global financial centre. It focuses on whether the hegemonic position of the City of London can be threatened by the globalization process and how this relates to its role as an international money laundering centre. The City of London has long been able to control British economic policy-making, and has taken the lead as a domestic actor as well as making its mark on global financial markets. This book analyzes the causes and consequences of this hegemony, and the implications that this has had for politics, socioeconomic interest groups, and the exceptional nature of British capitalist development. Dr. Talani questions the sustainability of this hegemony, discussing the threat of globalization and the impact that this has had on London's role as an international money laundering centre.The future of the primacy of the City is also debated in light of the recent global financial crises The City of London has long been able to control British economic policy-making, and has taken the lead as a domestic actor as well as making its mark on global financial markets. This book analyzes the causes and consequences of this hegemony, and the implications that this has had for politics, socioeconomic interest groups, and the exceptional nature of British capitalist development. Dr. Talani questions the sustainability of this hegemony, discussing the threat of globalization and the impact that this has had on London's role as an international money laundering centre. The future of the primacy of the City is also debated in light of the recent global financial crises Front Matter....Pages i-xi Introduction....Pages 1-5 British “Exceptionalism” and the City of London....Pages 6-34 The City of London and British Economic Policies: 1960s to 1980s....Pages 35-67 The City of London and the Process of European Monetary Integration....Pages 68-113 Impact of the Global Financial Crisis on the City of London: The End of Hegemony?....Pages 114-145 Globalization and the Future of the City of London: Enduring Hegemony....Pages 146-179 Dirty City: Money Laundering and the City of London....Pages 180-201 Conclusion....Pages 202-208 Back Matter....Pages 209-250 Dr Talani questions the sustainability of this hegemony, discussing the threat of globalization and the impact othat this has had on London's role as an international meny laundering centre. The future of the primacy of the City is also debated in light of the recent global financial crises