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Abstract

Over the years, London had emerged as a global hub for companies that intended to invest in Europe. London's foreign direct investment (FDI) attractiveness resulted in the city gaining the status as a major financial services centre. The city gradually lost its once-famous tag of being a prominent manufacturing hub. By 2007, several other destinations like China and India were posing a severe competitive challenge to London in terms of attracting foreign investment. Eventually, London slipped in the rankings for FDI attractiveness. This resulted in several challenges for the city. It was also pointed out that transport infrastructure and inadequate housing for the growing population was a major concern. This has severe implications in times of a financial downturn.
Location:
Industry:
Other setting(s):
2007

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Abstract

Over the years, London had emerged as a global hub for companies that intended to invest in Europe. London's foreign direct investment (FDI) attractiveness resulted in the city gaining the status as a major financial services centre. The city gradually lost its once-famous tag of being a prominent manufacturing hub. By 2007, several other destinations like China and India were posing a severe competitive challenge to London in terms of attracting foreign investment. Eventually, London slipped in the rankings for FDI attractiveness. This resulted in several challenges for the city. It was also pointed out that transport infrastructure and inadequate housing for the growing population was a major concern. This has severe implications in times of a financial downturn.

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Location:
Industry:
Other setting(s):
2007

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