London's Economy

Kim (1990, p. X) argues that the collapse of the empire is extremely important for the development of cities in the world. How far is it to London? Modern development and growth patterns have been influenced by the historical background of colonialism. In this regard, the relationship between capitalist countries and countries or colonies before capitalism contributes to the formation of the world economy, which will lead to the process of globalization and the current economic world order. The free movement of labor, goods, services and capital has intensified the expansion of the world economy which is a characteristic of the colonial world after the war.

Leisure is an important part of the London economy and the 2003 report returned to London with a quarter of the UK's leisure economy and was working 25.6 per 1,000 people. According to the official statistics, London is the third busiest film production center in the world and there are more live comedies than any other city. There are four the world's largest movie theaters. It is the world. At Westminster in London, the West End entertainment district focuses on Leicester Square, London and the world's cinema premiere, Piccadilly Circus and huge electronic advertisement. Many movie theaters, bars, clubs and restaurants including Covent Garden in London and Chinatown (Soho) on the east side of the city are Covent Garden with specialty stores.

The financial economy has changed into a corporate economy. Here is London. The British government has a very simple inference: if London is the European capital of the financial industry, it should be the capital of European innovation and technology in the financial sector. The first 'financial technology' entrepreneur benefited from the advantages of New York City, an economy focused on finance and a large amount of funds, and then attracted talent from the whole EU thanks to the popularity of other citizens It was. Members of immigration policy. London already has a fairly high level of capital and rebellion (after all, Britain is the birthplace of the punk movement). With the support of the government, the first entrepreneurs took the necessary measures to overcome the disadvantages of the original technology.

One of the obvious effects of Brexit to London is the outflow of trade between the company and Paris, Frankfurt and other financial centers. London - This economy is the size of Sweden, the seventh largest economy in Europe. Bringing $ 60 billion annually to the British economy (accounting for nearly 22% of the annual economic growth rate in the UK). London banks and other financial institutions may move to other financial centers due to EU regulatory threats. At the moment, the currency exchanges in London control the euro dollar transactions and handle currency transactions of $ 800 trillion each year, but as Brexit is introduced, New York City will enter the euro trading market There is a possibility that it may be forbidden.