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Contemporary Deindustrialisation and Tertiarisation in the London Economy

Author

Listed:
  • Daniel Graham

    (London School of Economics, Houghton Street, London WC2A2AE, UK)

  • Nigel Spence

    (Queen Mary and Westfield College, Mile End Road, London E1 4NS, UK)

Abstract

This study provides an empirical examination of recent change in the London economy to assess the degree to which the processes of deindustrialisation and tertiarisation have affected the capital. Three different components of the London economy are considered-output, establishment structure and employment. It is demonstrated that each of these has changed in different ways and that this raises subtle questions as to how deindustrialisation and tertiarisation have affected London. In particular, it is shown that in both the service and manufacturing sectors substantial productivity gains have been made, and that the economic structure of the capital appears to be changing in a completely different way from that of the rest of the nation. Difficulties and inconsistencies clearly arise when using the concepts of deindustrialisation and tertiarisation to analyse economic change in London. Analysis based on the distinct nature of the economic activities located within the capital related to its specialist role as a global city would seem to offer greater analytical potential.

Suggested Citation

  • Daniel Graham & Nigel Spence, 1995. "Contemporary Deindustrialisation and Tertiarisation in the London Economy," Urban Studies, Urban Studies Journal Limited, vol. 32(6), pages 885-911, June.
    • Handle: RePEc:sae:urbstu:v:32:y:1995:i:6:p:885-911
    DOI: 10.1080/00420989550012708
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    References listed on IDEAS

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    1. Singh, Ajit, 1977. "UK Industry and the World Economy: A Case of De-industrialisation?," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 1(2), pages 113-136, June.
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    Cited by:

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    2. Peter Mayerhofer, 2007. "De-Industrialisierung in Wien(?) Zur abnehmenden Bedeutung der Sachgütererzeugung für das Wiener Beschäftigungssystem: Umfang, Gründe, Wirkungsmechanismen," WIFO Studies, WIFO, number 33120, April.
    3. Ray Hall & Philip E Ogden, 2003. "The Rise of Living Alone in Inner London: Trends among the Population of Working Age," Environment and Planning A, , vol. 35(5), pages 871-888, May.
    4. Andrew Harris, 2008. "From London to Mumbai and Back Again: Gentrification and Public Policy in Comparative Perspective," Urban Studies, Urban Studies Journal Limited, vol. 45(12), pages 2407-2428, November.
    5. Andy C. Pratt, 2009. "Urban Regeneration: From the Arts `Feel Good' Factor to the Cultural Economy: A Case Study of Hoxton, London," Urban Studies, Urban Studies Journal Limited, vol. 46(5-6), pages 1041-1061, May.
    6. Konstantin Axenov & Alisa Timoshina & Alexandra Zemlyanova, 2020. "Commercial redevelopment of industrial and residential periphery of Russian metropolis: St. Petersburg, 1989–2017," Regional Science Policy & Practice, Wiley Blackwell, vol. 12(4), pages 705-722, August.

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