当代英国社会和文化 12.pptVIP

Chapter 12 The ‘mixed economy’ – What and why? Nationalisation / Privatisation p289, p294 Major resources and industries The City of London as a world financial center p13, p291, p304-305 Resources of government’s revenue p295-296 Terms: a. Joint-stock companies “limited liability”: an investor’s liability to debt is limited to the extent of their shareholding Private companies/ public companies p293 b. “progressive taxation system” p296 c. ‘Big Bang’ (p292), VAT(p296) Domestic Economy Finance, as it were, the stomach of the country, from which all the other organs take their tone. W.E. Gladstone (1809-1898, British politician), Articles on Finance The City of London The City of London is at the heart of the world’s financial markets. It is a unique concentration of international expertise and capital, with a supportive legal and regulatory system, an advanced communications and information technology infrastructure and an unrivalled concentration of professional services. The City of London has the greatest concentration of foreign banks in the world. a banking sector that accounts for the largest share - almost one-fifth - of total international bank lending. one of the world’s biggest international insurance markets. the world’s largest foreign exchange market. the largest centre in the world for trading overseas equities. one of the world’s most important financial derivatives markets. the principal markets for transactions in a large number of commodities. a comprehensive range of ancillary and support services, including legal, accountancy and management consultancy. a history of innovation and flexibility, which contributes to London’s strength as a financial centre. The City of London the Bank of England the London Stock Exchange the Millennium Bridge Economic policy 1946-1982: “Keynesian countercyclical economic policies (fiscal and monetary controls, currency, exchange rates, interest rate – Stop-Go （时行时止，快速启动和停止） That