#26. Professor Sarah Hall: Financial Crisis, China, and the Regenerative Power of London

Sarah Hall is Professor of Geography and Fellow of St John’s College at the University of Cambridge. Professor Hall is a public economic geographer whose work focuses on the uneven impacts of profound economic change, including Brexit, the changing economic position of China internationally, and the rise of finance-led capitalism.

Summary

Professor Hall discusses the uneven impacts of profound economic changes such as the 2007-2008 financial crisis, Brexit, and the rise of China. She explains how economic change affects different regions differently based on their economic history, labour market, and regulatory regime. She also highlights the regenerative capacities of cities like London, which have the ability to respond to crises by innovating in new markets. The conversation explores the changing economic order due to China's growth and its impact on global finance. Additionally, the discussion touches on the pressing economic issues of regional inequality in the UK and the changing relationship between the US and China.

Takeaways

• Economic change affects different regions differently based on their economic history, labour market, and regulatory regime.
• Cities like London have regenerative capacities that allow them to respond to crises by innovating in new markets.
• China's growth is reshaping the global economic order, particularly in the realm of finance.
• Regional inequality is a pressing economic issue in the UK, with lower productivity in large cities outside of London.
• The changing relationship between the US and China has significant implications for global trade and geopolitics.

Key Moments

02:25 The Role of an Economic Geographer

08:04 The Impact of Economic Change on Geographies

15:12 Research on the 2007-2008 Financial Crisis

45:10 Pressing Economic Issues in the UK and Globally

Music credit: David Cutter Music / @dcuttermusic

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