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23 janvier 2020
- doi: 10.4000/osb.3311
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info:eu-repo/semantics/reference/issn/1775-4135
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Mots-clés
Brexit London New York NY-LON financial centre globalisationSujets proches
Global cities Internationalization GlobalisationCiter ce document
Martine Azuelos, « The New York-London Financial Nexus in the Shadow of Brexit », Observatoire de la société britannique, ID : 10.4000/osb.3311
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Résumé
While concern has been widespread that Brexit will endanger London’s status as a global financial hub, a related—although far less publicized—issue is that it may also weaken London’s interconnectedness with New York, which this paper refers to as the ‘NY-LON nexus’. To address this issue this paper brings it into the wider debates on the ’special’ UK-US economic relationship and on the role of financial centres in the process of globalisation. Part one focuses on the centrality of Foreign Direct Investment (FDI) and finance in the UK-US economic relationship and on the role of NY-LON as a key driver of globalisation. Part two outlines the ‘space of flows’ between the ‘global twin-cities’ and the institutional foundations underlying those flows, making the case for the locational and institutional embeddedness of globalisation in NY-LON. Keeping that framework in mind, Part three provides a few insights into the potential effects of Brexit on NY-LON and globalisation.