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Lending Jobs to Global Cities: Skilled International Labour Migration, Investment Banking and the City of London

Author

Listed:
  • Jonathan V. Beaverstock

    (Department of Geography, Loughborough University of Technology, Ashby Road, Loughborough, LE11 3TU, UK)

  • Joanne Smith

    (Northern Health Planning Unit, Department of Health, Adelaide, Australia)

Abstract

The agglomeration of skilled international migrants in global cities' financial communities has parallelled the globalisation of financial capital, international markets and deregulation. International workers have clustered in global cities as a response to their geo-economic functions, and in particular those labour market demands created within transnational corporate headquarters. Within this context, this paper will provide a discussion of the significance of skilled international labour migration within a global city: the City of London's transnational investment banking community.

Suggested Citation

  • Jonathan V. Beaverstock & Joanne Smith, 1996. "Lending Jobs to Global Cities: Skilled International Labour Migration, Investment Banking and the City of London," Urban Studies, Urban Studies Journal Limited, vol. 33(8), pages 1377-1394, October.
    • Handle: RePEc:sae:urbstu:v:33:y:1996:i:8:p:1377-1394
    DOI: 10.1080/0042098966709
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    References listed on IDEAS

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    1. J V Beaverstock, 1996. "Subcontracting the Accountant! Professional Labour Markets, Migration, and Organisational Networks in the Global Accountancy Industry," Environment and Planning A, , vol. 28(2), pages 303-326, February.
    2. John Friedmann, 1986. "The World City Hypothesis," Development and Change, International Institute of Social Studies, vol. 17(1), pages 69-83, January.
    3. J N Marshall & P A Wood, 1992. "The Role of Services in Urban and Regional Development: Recent Debates and New Directions," Environment and Planning A, , vol. 24(9), pages 1255-1270, September.
    4. J V Beaverstock, 1991. "Skilled International Migration: An Analysis of the Geography of International Secondments within Large Accountancy Firms," Environment and Planning A, , vol. 23(8), pages 1133-1146, August.
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    Cited by:

    1. Paul White & Louise Hurdley, 2003. "International Migration and the Housing Market: Japanese Corporate Movers in London," Urban Studies, Urban Studies Journal Limited, vol. 40(4), pages 687-706, April.
    2. Dariusz Wójcik & Eric Knight & Vladimír Pažitka, 2018. "What turns cities into international financial centres? Analysis of cross-border investment banking 2000–2014," Journal of Economic Geography, Oxford University Press, vol. 18(1), pages 1-33.
    3. Fabio Lamanna & Maxime Lenormand & María Henar Salas-Olmedo & Gustavo Romanillos & Bruno Gonçalves & José J Ramasco, 2018. "Immigrant community integration in world cities," PLOS ONE, Public Library of Science, vol. 13(3), pages 1-19, March.
    4. Maryann Feldman & Frederick Guy & Simona Iammarino, 2021. "Regional income disparities, monopoly and finance," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 14(1), pages 25-49.
    5. S C Cobb, 1999. "The Role of Corporate, Professional, and Personal Networks in the Provision of Offshore Financial Services," Environment and Planning A, , vol. 31(10), pages 1877-1892, October.
    6. Delphine Ancien, 2011. "Global City Theory and the New Urban Politics Twenty Years On," Urban Studies, Urban Studies Journal Limited, vol. 48(12), pages 2473-2493, September.
    7. Ka Lin & Aisha Ayaz & Lizheng Wang, 2021. "Measuring the Feature of “The Global”: A Framework for Analyzing the Global City Ranking," Sustainability, MDPI, vol. 13(8), pages 1-14, April.
    8. Maryann Feldman & Frederick Guy & Simona Iammarino, 2019. "Regional income disparities, monopoly & finance," Working Papers 43, Birkbeck Centre for Innovation Management Research, revised Feb 2021.
    9. Chakravarty, Dwarka & Goerzen, Anthony & Musteen, Martina & Ahsan, Mujtaba, 2021. "Global cities: A multi-disciplinary review and research agenda," Journal of World Business, Elsevier, vol. 56(3).
    10. K.C. Ho, 2000. "Competing to be Regional Centres: A Multi-agency, Multi-locational Perspective," Urban Studies, Urban Studies Journal Limited, vol. 37(12), pages 2337-2356, November.
    11. Stefanie Föbker & Daniela Temme & Claus-C. Wiegandt, 2014. "Dossier: Institutions and skilled mobility. Guest Editors: Gery Nijenhuis & Maggi W.H. Leung," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 105(5), pages 542-557, December.
    12. Allan Findlay & Colin Mason & Richard Harrison & Donald Houston & David McCollum, 2008. "Getting off the Escalator? A Study of Scots Out-Migration from a Global City Region," Environment and Planning A, , vol. 40(9), pages 2169-2185, September.
    13. Marieke Krijnen & David Bassens & Michiel van Meeteren, 2017. "Manning circuits of value: Lebanese professionals and expatriate world-city formation in Beirut," Environment and Planning A, , vol. 49(12), pages 2878-2896, December.

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