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The rapid development of the Euromarkets and the more gradual opening of the West German and other capital markets to external borrowers were significant events in the reglobalisation of financial markets beginning in the 1960s. Finding it increasingly difficult to borrow in the domestic British and US capital markets, the New Zealand government sought to take advantage of the Euromarkets. As well as providing an antipodean perspective on the early Euromarkets, this paper comments on developments in the City of London in the 1960s, and outlines the process by which a relatively inexperienced borrower set about building a communicating infrastructure that enabled relationships to be forged with overseas financial institutions. [ABSTRACT FROM AUTHOR]

The relationship between gentrification and globalisation has recently become a significant concern for gentrification scholars. This has involved developing an understanding of how gentrification has become a place-based strategy of class (re)formation during an era in which globalisation has changed sociological structures and challenged previously established indicators of social distinction. This paper offers an alternative reading of the relationship between gentrification and globalisation through examining the results of a mixed method research project which looked at new-build gentrification along the River Thames, London, UK. This research finds gentrification not to be distinguished by the gentrifer-performed practice of habitus within a ‘global context’. Rather, the responsibility for gentrification, and the relationship between globalisation and gentrification, is found to originate with capital actors working within the context of a neoliberal global city. In order to critically conceptualise this form of gentrification, and understand the role of globalisation within the process, the urban theory of Lefebvre is drawn upon. [ABSTRACT FROM AUTHOR]

In this paper we argue that a process of super-gentrification, similar to that first identified by Lees (2003 Urban Studies 40 2487–509) in Brooklyn Heights, New York City, is occurring in the already gentrified, inner London neighbourhood of Barnsbury. A new group of super wealthy professionals working in the City of London is slowly imposing its mark on this inner London housing market in a way that differentiates it and them both from traditional gentrifiers and from the traditional urban upper classes. We suggest that there is a close interaction between work in the newly globalizing industries of the financial services economy, elite forms of education, particularly Oxbridge, and residence in Barnsbury which is very different from other areas of gentrified inner London. [ABSTRACT FROM AUTHOR]

Considerable debate has occurred over whether ‘global cities’ are witnessing polarization of their labour forces into highly paid professionals and low paid personal service workers. This paper offers evidence on paid domestic labour in London, some of which occurs in the informal sector, and considers its potential significance for the polarization debate. [ABSTRACT FROM AUTHOR]

London and New York are the leading cities in the world of corporate globalisation: their financial, professional, and creative services are at the centre of the commercial connections that constitute the world city network. The relations between the two cities are more complementary than competitive, commonly indicated by the concept of NY‐LON as a trans‐oceanic service conglomerate for facilitating economic globalisation. However, world city network analysis shows London growing its overall servicing connectivity more than New York. This change in the inter‐city relation is investigated through focus on the service connectivity and agglomeration capacities of the two cities. It is found that they share a very similar connectivity regional profile while simultaneously showing stark differences in their service agglomeration sector profiles. This is shown to be the result of London gaining the rapidly growing super‐rich servicing market. Thus while New York continues its long‐term production of financial innovations, London has grown an offshore platform for global capital specifically in the form of the world's money management centre. [ABSTRACT FROM AUTHOR]

A seeming paradox of globalization is that while innovation and the industries and institutions that support it transcend local and national boundaries, high-tech innovative activity continues to agglomerate in a select number of high-capacity regions. Research, however, suggests that innovative regions must—through collaborative activity and related networks—both economize regional capacities while remaining open to global knowledge and finance. Collaboration and network formation are viewed as critical in this regard, as the competitive pressures of globalization are forcing firms to adopt collaborative and open innovation practices: forging relationships with external partners. Two important sources of knowledge and finance are regionally concentrated venture capital firms and large corporations, often globe-straddling multinational enterprises. While collaboration occurs between these two actors, an understanding of the processes and implications has only begun to emerge. Focusing on collaborative venture capital activity in London and the South East, this exploratory paper presents a preliminary understanding as to the role that this particular collaborative activity plays in the pursuit of complementary, extra-regional knowledge and expertise, and the extent to which this collaboration is recharacterizing the shape of regionally based venture capital networks. [ABSTRACT FROM AUTHOR]

Cities and city regions are back on the research agenda in the UK. Taking the world city literature as a guide, this article uses advanced producer service firms to study contemporary inter-city relations in the UK space economy. We employ an interlocking network model, initially developed for global scale analysis, to assess signs that recent globalization is effecting a revival outside the London region, and to identify leading urban areas in the UK national economy. Two different analyses are presented: a connectivity analysis, which indicates how well cities and towns are linked into the UK space economy, and a fuzzy clustering analysis, which classifies the cities and towns in order to search out hierarchical and regional tendencies. From these findings, we identify two distinctive polycentric city-regional processes in contemporary Britain: a Jacobs-style polycentric mega-city regional process out of London, which creates new important service centres and reaches selected smaller cities and towns; and a polycentric multi-city regional process beyond London, which mainly enhances the service capacities of selected larger cities. A concluding section considers the implications of the two processes for spatial planning in the UK. Résumé Les villes et régions urbaines reviennent en force dans la recherche britannique. Orienté par les publications sur les villes mondiales, ce travail utilise les entreprises de services avancés à la production pour étudier les relations contemporaines entre villes dans l’économie spatiale britannique. À l’aide d’un modèle de maillage, mis au point à l’origine pour une analyse à l’échelon mondial, nous mesurons les signes indiquant que la récente mondialisation provoque une relance hors de la région de Londres et nous identifions les zones urbaines dominantes de l’économie nationale. Sont présentées deux analyses différentes: une analyse de la connectivité, montrant dans quelle mesure les villes et grandes villes sont reliées au sein de l’économie spatiale britannique, et une analyse des groupements flous qui classe villes et grandes villes afin de trouver les tendances hiérarchiques et régionales. À partir de ces résultats, sont identifiés deux processus distincts de région urbaine polycentrique dans la Grande-Bretagne contemporaine: un processus de méga-région urbaine polycentrique, proche de la description de Jacobs, à la périphérie de Londres, qui crée de nouveaux centres de services importants et atteint certaines villes et grandes villes plus petites; un processus de multi-région urbaine polycentrique au-delà de Londres, qui renforce principalement les capacités de services de certaines grandes villes. La conclusion étudie les implications des deux processus sur l’aménagement spatial au Royaume-Uni. [ABSTRACT FROM AUTHOR]

The Arab Gulf's relationship to London epitomizes the processes of globalization i.e. flows of people, images, ideas and wealth beyond national borders. The rise of oil wealth in the mid-1970s financed the growth of London as a centre of Gulf Cooperation Council-funded Arab cultural production. The British capital's populations of ex-servicemen, former diplomats and Middle Eastern immigrants serve as 'third culture' mediators. Often well educated, well heeled and well connected, these intermediaries possess the social position and cultural know-how to play a central role in the construction and marketing of Gulf Arab local culture and heritage. Romantic notions of Gulf Arab cultural particularism feature prominently in mediators' products and activities. In the case of Arab London's mediation industries, globalization results not in cultural homogenization, but rather in the (re)production and commodification of reified notions of cultural difference. [ABSTRACT FROM AUTHOR]

This article examines the use of foreign accounting data in financial institutions in Great Britain. Use of foreign financial information, stemming from the globalization of securities markets, has led to a need for international comparability of financial information. Here the reactions to foreign accounting data of London-based participants in the global equity market are examined by looking at previous findings related to the use of accounting data in a domestic context and comparing these to the results of other international studies and the results of the authors' own survey. Opposing theories of market efficiency and implications for policy resulting from international accounting diversity are also discussed.