Diverging Capitalisms: Britain, the City of London and Europe

Description

This book analyses the changing nature of the British economy and the consequences of Brexit upon its place within the European economic space. The overhang from the global financial crisis, the Eurozone crisis, the political negotiation of prolonged economic downturn and now the spectre of ‘Brexit’ provide the backdrop for various forms of capitalist restructuring designed to restore competitiveness and prosperity. This re-structuring has clear implications for existing European growth models, the structural imbalances and inequalities which characterise the British economy, the fortunes of the City of London and competing financial districts internationally, and the prospective strategies of progressive politics in this context. Adopting a broadly critical political economy lens – which gives analytical weight to the relationship between economic and political dynamics – the book will draw on the research of eminent scholars to assess divergence in the foundations of economic competitiveness and their social repercussions. Front Matter ....Pages i-xiii Introduction: Brexit and European Capitalism—A Parting of the Waves? (Colin Hay, Daniel Bailey)....Pages 1-16 After Brexit: The Past and Future of the Anglo-Liberal Model (Andrew Gamble)....Pages 17-42 “Pragmatic Adaptation” and the Future of the City of London: Between Globalisation and Brexit (Leila Simona Talani)....Pages 43-71 The Limits of the City’s Structural Power: The City’s Offshore Interests and the Brexit Referendum (Helen Thompson)....Pages 73-97 European Union Financial Regulation, Banking Union, Capital Markets Union and the UK (Lucia Quaglia)....Pages 99-123 Integration and Disintegration: Two-Level Games in the EU (Waltraud Schelkle)....Pages 125-147 The UK’s Growth Model, Business Strategy and Brexit (Scott Lavery)....Pages 149-170 The Bed You Made: Social Democracy and Industrial Policy in the EU (Angela Wigger, Laura Horn)....Pages 171-193 Unusual Bedfellows? The IMF, Tackling Inequality and Social Democratic Policy Renewal (Ben Clift)....Pages 195-219 Back Matter ....Pages 221-224