the city london global power of finance review

Includes bibliographical references and index. Why do just fifty companies now have control of a large share of world economic production? The City explains how this situation came about, examining the history of the world economy from the postwar period to the present day.'-From dust jacket. Tony Norfield details, with shocking and insightful research, the role of the US dollar in global trading, the network of British-linked tax havens, the flows of finance around the world and the system of power built upon financial securities. All big international companies-not just the banks-utilise this system, and The City shows how the operations of the City of London are critical both for British capitalism and for world finance. Based on the author's twenty years' experience of City dealing rooms, The City is an in-depth look at world markets and revenues that exposes how this mechanism works. It is also, as this groundbreaking book reveals, a crucial part of the mechanism of power in the world economy.

'The City, as London's financial centre is known, is the world's biggest international banking and foreign exchange market, shaping the development of global capital.

Financial services industry - England - London.

International finance - History - 21st century.

The city london global power of finance review