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This paper considers the question of how Brexit will affect the City of London from a long-term perspective, putting the changes induced by Brexit into the context of the City's historical evolution over the past century. This perspective permits us to see that the City has continued to thrive because of a series of radical adjustments necessitated by the UK's loss of its empire and by the emergence of global US financial power. Challenges to the global prominence of the City in Britain's post-empire period have required two separate 'reinventions': the first, in the 1960s, involved localizing the Eurodollar markets; the second, in the 1990s, involved making London the preferred hub for providing sophisticated financial services within the European Union (EU)'s single market. The Great Financial Crisis put in motion several economic and political dynamics that have, however, undercut the City's special global role. It is unclear whether maintaining the City's offshore focus via a third reinvention, in a period of prolonged stagnation and increasing inequality in UK regions outside London, will be possible. [ABSTRACT FROM AUTHOR]

This article focuses on national public administration activities that relate to employment, social protection and industrial relations. The International Labour Organization (ILO) refers to these activities collectively as 'labour administration' and regards the bodies that conduct them within individual countries as together forming national systems of labour administration. This article explores the concept of 'national system of labour administration' and considers the potential contribution of comparative institutional analysis in understanding how national systems are organised and change over time. The article also compares the organisation of national labour administration systems in European Union (EU) countries and analyses how these systems have developed since the start of the economic crisis that erupted in 2008. [ABSTRACT FROM AUTHOR]

In light of the renewed popularity of Hegemonic Stability Theory (HST) in the context of governance debates in the aftermath of the 2007–2008 crisis, this paper revisits, from a conceptual angle, the shaky basis upon which the theory draws a causal link between hegemony and stability. The paper is a critique of HST as a theory of hegemony that contains an underdeveloped concept of hegemony only defined ex post, highlighting that it is precisely this hollow conceptualization that has allowed for the perceived compatibility between US power and stability at a point in time (the Bretton Woods years) to be erroneously generalized into a causal relationship. The paper also shows, via the example of Germany in the European Economic and Monetary Union (EMU), how inattention to the conceptual content of HST has permitted the heedless extension of a problematic understanding of hegemony through stability to cases of regional hegemony. [ABSTRACT FROM AUTHOR]