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Working Capital: Life and Labour in Contemporary London

by Nick Buck (Author), Ian Gordon (Author), Peter Hall (Author),
4.0 out of 5 stars 1 customer review
ISBN-13: 978-0415279321
ISBN-10: 0415279321
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Product Details

  • Paperback: 424 pages
  • Publisher: Routledge (December 15, 2002)
  • Language: English
  • ISBN-10: 0415279321
  • ISBN-13: 978-0415279321
  • Product Dimensions: 6.8 x 1 x 9.7 inches
  • Shipping Weight: 2.5 pounds (View shipping rates and policies)
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #10,970,672 in Books (See Top 100 in Books)

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4.0 out of 5 starsExcellent study of Britain's capital city
By William Podmore on June 12, 2004
Format: Paperback
Livingstone's 2000 report, The State of London, said, "the prosperity of every Londoner is completely tied up with the city's role in the international economy." But most London workers produce goods or provide services that are used locally: only 19% of London's turnover is exported. The authors conclude, "the global and European roles together are still clearly much less significant for London than its continuing role as a national centre."
London was Britain's largest single manufacturing centre, but since 1962 it has lost 1.6 million manufacturing jobs. Its unemployment has worsened recently.
The authors attack Blair's approach to local government: "Within each local authority the proliferation of government ordained partnerships and specially focused programmes (by service, group and/or locality) is making a coordinated approach and `joined up' governance harder than ever. ... our work has tended both to cast doubts on the efficacy of local programmes, and to underline the importance of a number of mainstream policy areas. ... Labour's pursuit of `joined-up' action seems quite perversely to have brought ever more complex arrays of `initiatives' which are short-term, unsustainable, uncoordinated and even contradictory. ... area-based approaches ... have been the staple of urban policy for the past 35 years, but rarely matched their promises with sustainable achievements. ... We are sceptical, however, about what has been achieved through the proliferation of health, education and other action zones."
Southwark, for example, has contracted out education and housing benefit administration, reducing its ability to coordinate policies. The council relies on private investment for regeneration, but most residents have not gained from the spectacular new South Bank.Read more ›
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