LondonNet News Headlines
|Livingstone Hails 'World's Most Global City'
- Little Englandism bad for London, says Mayor
London is the world's most global city, according to London Mayor Ken Livingstone, who assumes full powers in his new job next Monday.
"London is an even more globalised city than New York," Livingstone said today, "because it is more dependent on its international economic connections." The Mayor's argument is that companies in New York are more concerned with internal US trading conditions than their equivalents in London, given the sheer size of the US market compared to that of the UK.
The snag for Livingstone's thesis is that those international connections he mentions are themselves overwhelmingly dominated by conditions in America, as the expression, "when Wall Street sneezes, London catches a cold," reveals.
Nevertheless, it is heartening to hear Livingstone planning to centre his policies around the idea of internationalism, however vaguely formed those plans may be. "London cannot be run with even the hint of little Englandism," Livingstone said in a welcome rebuff to the wave of anti-immigrant xenophobia currently rising its ugly head. "Globalisation affects everything from inward investment to equality to cultural policies."