ABSTRACT
In this chapter, author takes a broader view of the City and what lies ahead of it in the 1980s. And also concentrates on Policy prescriptions. The City will have to contend with three separate, though overlapping areas of influence throughout the 1980s: the world economic climate; the domestic political environment and governmental controls at home and abroad; and, finally, competition from developed and developing countries alike. The City of London is providing commercial and financial services to the British economy and, at the same time, offering similar services to customers overseas. The same banks and insurance offices which provide services to people in this country often form part of a wider world market. The City of London is part of a world invisible market worth between $250 and $300 billion annually. This is the size of world trade in services and in the return on overseas investments, as opposed to the world trade in goods.
