The History Of Bristol s Economy - 998 Words

The history of Bristol’s economy has undertaken a change in similar fashion to economic capitals across world, namely London, yet to a smaller extent (Bassett et al 2002). The transformation of the dockland region and subsequent development from the post war period has led this paper to focus upon the financial sector. Bristol’s past follows a parallel trend of dockland manufacturing centres post World War 2 that became involved into finance because of temporal changes. Degeneration was led through the absence of new port proposals that fell through from the Labour government, leading to the rise of other economic sector to facilitate growth (Hoare 1986).The research undertaken in this paper is specified to the numerous accountancy firms scattered across the city centre (Figure 1) and narrowed to the largest four firms: PricewaterhouseCoopers (PwC – Figure 2), Ernst and Young (EY – Figure 3), KPMG (Figure 4) and Deloitte (Figure 5). The change in economic geography of Bristol can be exemplified from the expansion of these financial services to promote new functions within the economy. Historically, the financial sector of Bristol was a result of the redundant industries of the manufacturing sector of the ports in the 1960s. During the 1970s change was beginning to occur with 57% of Bristol’s 0.5 million population employed in the financial district of some form. The development of the office work environment was a consequence of the movement of the finance insuranceShow MoreRelatedInternational Monetary System And Its Effects On The Economy1147 Words   |  5 Pages Worldwide Alternative Currencies Throughout history, economic crises have emerged continuously. According to the International Monetary Fund, in the four decades between 1970 and 2010, there were no fewer than 145 banking crises, 208 monetary crashes, and 72 sovereign debt crises. 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