Abstract
This paper links an issue which has long been prominent in City - the relationship between international and local processes - and a concern with London. London is at an important stage: after 15 years of de-regulation and weakened democratic institutions it is grappling now with a new governance structure outlined in a recent paper by John Tomaney ( City 5: 2, July 2001) and the preparation of new strategic plans, discussed here last year by Doreen Massey ( City 5: 1, April 2001). The focus here is on the interaction in London of markets for land, housing, commercial property, transport and labour - markets which can be instruments of innovation and dynamism but which can also be vectors of exploitation and inequality. It is argued that London's draft strategic plans have not yet got the measure of this dualism.
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