Among the many casualties of the global financial crisis have been the economies of New York and London. As the two dominant free-market, democratic, Western cities, London and New York have for years benefited from their cultural diversity, intellectual capital and commercial dynamism to forge immensely successful entrepreneurial strategies that must now be reformulated in light of critically changed economic conditions. Ferocious competitors in the past, their leaders have now decided they must work together, learning from one another, to climb back to the top.
The September 15 program was the keystone of a three-day conference in New York, planned as the kickoff for continuing discussion between these two great cities. During the conference and beyond, invited participants focus on major issues facing New York and London: the future of their financial sectors, the diversification of their economies, building and maintaining their capital plants, and expanding housing affordability
