fol economy 2062 kleinman slides
DESCRIPTION
London 2062: The Future of the London Economy Mark Kleinman Assistant Director for Economic and Business Policy Improving London’s Competitiveness Transforming to a low-carbon economy Extending economic opportunity Investing in London’s future London: World Capital of Business EDS is a long-term high-level strategyTRANSCRIPT
![Page 1: FoL Economy 2062 Kleinman slides](https://reader031.vdocuments.mx/reader031/viewer/2022012406/568c47051a28ab49168c32dd/html5/thumbnails/1.jpg)
London 2062: The Future of the London Economy Mark KleinmanAssistant Director for Economic and Business Policy
![Page 2: FoL Economy 2062 Kleinman slides](https://reader031.vdocuments.mx/reader031/viewer/2022012406/568c47051a28ab49168c32dd/html5/thumbnails/2.jpg)
Mayor’s Economic Development Strategy: Key Themes London: World Capital of Business
Improving London’s Competitiveness Transforming to a low-carbon economy Extending economic opportunity Investing in London’s future
EDS is a long-term high-level strategy
![Page 3: FoL Economy 2062 Kleinman slides](https://reader031.vdocuments.mx/reader031/viewer/2022012406/568c47051a28ab49168c32dd/html5/thumbnails/3.jpg)
Guiding Economic Principles
Release of creativity, support entrepreneurialism Facilitate activity, not top-down planning Maximum impact from use of public resources Collaborative approach, joint working
![Page 4: FoL Economy 2062 Kleinman slides](https://reader031.vdocuments.mx/reader031/viewer/2022012406/568c47051a28ab49168c32dd/html5/thumbnails/4.jpg)
London’s economy – fundamental strengths Vast, global city economy Job growth of 800,000 between 1996 and 2008; possibly another 750,000 by 2031 – 5.45 million in total. International centre of trade and innovation Resilient, diverse economy Strong globally competitive position
![Page 5: FoL Economy 2062 Kleinman slides](https://reader031.vdocuments.mx/reader031/viewer/2022012406/568c47051a28ab49168c32dd/html5/thumbnails/5.jpg)
London’s economy – potential threats
Threats to competitiveness Worklessness and skills Responding to climate change Quality of Life
![Page 6: FoL Economy 2062 Kleinman slides](https://reader031.vdocuments.mx/reader031/viewer/2022012406/568c47051a28ab49168c32dd/html5/thumbnails/6.jpg)
London’s economy in 2062?
The honest answer: we don’t know… Major drivers since 1962:
Globalisation and internationalisation Shift to knowledge economy: financial and
business services; cultural and media; digital and tech;
Hyper-diverse population How many of these were anticipated?
![Page 7: FoL Economy 2062 Kleinman slides](https://reader031.vdocuments.mx/reader031/viewer/2022012406/568c47051a28ab49168c32dd/html5/thumbnails/7.jpg)
Continuities: knowledge economy
![Page 8: FoL Economy 2062 Kleinman slides](https://reader031.vdocuments.mx/reader031/viewer/2022012406/568c47051a28ab49168c32dd/html5/thumbnails/8.jpg)
Continuities – global hub
![Page 9: FoL Economy 2062 Kleinman slides](https://reader031.vdocuments.mx/reader031/viewer/2022012406/568c47051a28ab49168c32dd/html5/thumbnails/9.jpg)
Continuities – importance of infrastructure
![Page 10: FoL Economy 2062 Kleinman slides](https://reader031.vdocuments.mx/reader031/viewer/2022012406/568c47051a28ab49168c32dd/html5/thumbnails/10.jpg)
London’s economy to 2062 (personal view)
From Knowledge City to ‘Smart City’; infrastructure, skills, innovation Continuing global hub – but change in centre of gravity of global economy Avoiding polarisation – both within the city and in relation to other UK cities
![Page 11: FoL Economy 2062 Kleinman slides](https://reader031.vdocuments.mx/reader031/viewer/2022012406/568c47051a28ab49168c32dd/html5/thumbnails/11.jpg)
Thank you