Monday, June 23, 2008

The City

The City: A Guide to London's Global Financial Centre (The Economist Series)
Author: Richard Roberts
Publisher: The Economist Newspaper
Date: October 20, 2004
Pages: 344
Description:
The term "the City" refers to both a place and an industry. The place is London's oldest district, the "Square Mile", settled since Roman times and once bounded by medieval city walls with St Paul's Cathedral at its heart. For centuries this residential and business neighbourhood was host to myriad merchants and bankers conducting international trade and finance. In the 19th century, as the residential population dwindled, the City became synonymous with commercial and financial activities. Today the term is widely used as shorthand for London's wholesale international financial-services industry. It is in this economic sense - referring to activities conducted both inside and outside the Square Mile - that it is used in this book. The Square Mile is used to refer to the City in a geographical sense.
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