The Y Effect is a British and Japanese analogy for the economic success of the United Kingdom's finance industries, especially those in the City of London. The point of this analogy is that a national and international institution can be very successful even if they lack strong native competition.
London's financial industry saw tremedous growth in the 1980s but has been dominated mostly by foreign companies, especially American investment banks, rather than British firms.
The analogy has also been used in the business discourse of Japan, whose financial markets and other parts of the economy had not substantially opened up to foreign competition.
Identify Y.
Answered correctly by Mak and vish
Ans: Wimbledon Effect
Identify Y.
Answered correctly by Mak and vish
Ans: Wimbledon Effect
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Wimbledon effect
Wimbledon effect...
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