ABSTRACT
This chapter provides an example of how regional geography can face up to both the new global and local interrelationships of the world by considering the regional effects of perhaps the most international of all the international systems for extending and manipulating social power, namely the financial system. It concerns articulating some of the major changes in the international financial system in the 1980s, up until the 'Big Crash' of October 1987, and the effects that these changes had chief nodes of international financial system, the City of London. The chapter considers how the City triptych of labour market change, wealth accumulation, and class formation can be translated into the arena of the South Eastern region of England. The chapter explains the horizons are limited to three interrelated effects, namely the City's labour market, the generation of wealth, and the changes in social class. Technological change facilitates the development of the new international financial system (NIFS).
