This video was made possible by our Patreon community! ❤️See new videos early, participate in exclusive Q&As, and more!➡️ https://www.patreon.com/EconomicsExplained▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀The economy of the United Kingdom is really a tale of two cities, it was the best of times and it was the worst of times, it is an economy with the highest levels of foreign investment per capita in the world and it is an economy with a major poverty crisis. It's an economy that's home to the second-largest financial center in the world and yet its entire economy is smaller than that of California.
In this video, let's explore why these financial institutions decide to call London home. ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀📚 Want to learn more about the economy of the United Kingdom? We recommend reading "The Enlightened Economy: An Economic History of Britain 1700-1850 (The New Economic History of Britain Series) ", by Joel Mokyr 👉 https://amzn.to/37kBZMw (as an Amazon Associate, we earn from qualifying purchases) Enjoyed the video? Comment below! 💬⭑ Subscribe to Economics Explained 👉 https://bit.ly/sub2ee⭑ Enjoyed? Hit the like button! 👍Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g✉️ Business Enquiries → [email protected] EE on social media:Twitter 🐦 → https://twitter.com/EconomicsExFacebook → https://www.facebook.com/EconomicsExInstagram → https://www.instagram.com/EconomicsEx...Discord → https://discord.gg/MJGcTH6▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀#UK #Economics #England▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀Sources & Citations -Drennan, M.P., 1996. The dominance of international finance by London, New York and Tokyo. The global economy in transitionSandford, C.T., 2015. Economics of public finance: an economic analysis of government expenditure and revenue in the United KingdomLewis, M.K., 1999. International banking and offshore finance: London and the major centres. In Offshore Finance Centres and Tax HavensCassis, Y., 2010. Capitals of Capital: the rise and fall of international financial centres 1780-2009. Cambridge University Press.Dunnett, P., 2013. The Decline of the British Motor Industry (Routledge Revivals): The Effects of Government PolicyAmit, R., Liechtenstein, H., Prats, M.J., Millay, T. and Pendleton, L.P., 2008. Single-family offices: Private wealth management in the family contextGlucksberg, L. and Burrows, R., 2016. Family offices and the contemporary infrastructures of dynastic wealth.Music (go check this channel out for real!) - Penny Lane (The Beatles) Piano Cover by Sangah Noona (youtube.com/watch?v=69sxYy2fuXM)Documentary - youtube.com/watch?v=np_ylvc8Zj8▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀EE Fan Exclusive Offer:Sign-up for Acorns! 👉 https://www.acorns.com/ee (after registration, Acorns will deposit $5 in your account to help you get started with investing!)▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplainedThe video you’re watching right now would not exist without the monthly support provided by our generous Patrons:Morgon Goranson, Andy Potanin, Wicked Pilates, Tadeáš Ursíny, Logan, Angus Clydesdale, Michael G Harding, Hamad AL-Thani, Conrad Reuter, Tom Szuszai, Ryan Katz, Jack Doe, Igor Bazarny, Ronnie Henriksen, Irsal Mashhor, LT Marshall, Zara Armani, Bharath Chandra Sudheer, Dalton Flanagan, Andrew Harrison, Hispanidad, Michael Tan, Michael A. Dunn, Alex Gogan, Mariana Velasque, Bejomi, Sugga Daddy, Matthew Collinge, Kamar, Kekomod, Edward Flores, Brent Bohlken, Bobby Trusardi, Bryan Alvarez, EmptyMachine, Snuggle Boo Boo ThD, Christmas