Competing for talent: global mobility, immigration and the City of London's labour market

Jonathan V. Beaverstock; Sarah Hall

doi:10.1093/cjres/rss005

Competing for talent: global mobility, immigration and the City of London's labour market

Jonathan V. Beaverstock^*, Sarah Hall

^*Corresponding author for this work

Research output: Contribution to journal › Article (Academic Journal) › peer-review

57 Citations (Scopus)

Abstract

The City of London's competitiveness is founded on its global talent pool and ability to attract and retain workers of all nationalities. Drawing on ONS Long-Term International Migration data and fieldwork-based studies of banking, professional services and business education, the argument of this paper is 2-fold: that the City's competitiveness is significantly dependent on the functioning of its global labour market, of which a key factor is the immigration of European Economic Area (EEA) and non-EEA talent, and that a central determinant of the City's position as a leading international financial centre based around a highly competitive global labour pool will be UK immigration policy in the wake of the financial crisis of 2007-2008 and ensuing recession.

Original language	English
Pages (from-to)	271-287
Number of pages	17
Journal	Cambridge Journal of Regions Economy and Society
Volume	5
Issue number	2
DOIs	https://doi.org/10.1093/cjres/rss005
Publication status	Published - Jul 2012

Structured keywords

MGMT International Business Management and Strategy

Keywords

global talent
City of London
immigration
banking
professional services
policy
KNOWLEDGE CREATION
FIRMS
FINANCE
MIGRATION
INDUSTRY
WORKING
CRISIS
BUZZ

Access to Document

10.1093/cjres/rss005

Cite this

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title = "Competing for talent: global mobility, immigration and the City of London's labour market",

abstract = "The City of London's competitiveness is founded on its global talent pool and ability to attract and retain workers of all nationalities. Drawing on ONS Long-Term International Migration data and fieldwork-based studies of banking, professional services and business education, the argument of this paper is 2-fold: that the City's competitiveness is significantly dependent on the functioning of its global labour market, of which a key factor is the immigration of European Economic Area (EEA) and non-EEA talent, and that a central determinant of the City's position as a leading international financial centre based around a highly competitive global labour pool will be UK immigration policy in the wake of the financial crisis of 2007-2008 and ensuing recession.",

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KW - professional services

KW - policy

KW - KNOWLEDGE CREATION

KW - FIRMS

KW - FINANCE

KW - MIGRATION

KW - INDUSTRY

KW - WORKING

KW - CRISIS

KW - BUZZ

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