“…But gone are the days of one way flows of knowledge and people between the headquarters and subservient, knowledge-poor subsidiaries. As Bartlett and Ghoshal (1998) and others (e.g., Morgan, 2001), have quite rightfully acknowledged, contemporary firms are highly transnational in scope, with knowledge being shared among all subsidiaries and people flowing in multiple directions for learning, knowledge transfer and exchange, and the sharing of best practice, whether in management systems or for the rolling out of corporate policy and strategy. In the knowledge-intensive sectors of the economy, which encompass banking, finance, accounting, and legal services, as well as other activities such as advertising, the arts, and even elite sports, expatriation and corporate mobilities are a key modus operandi of the TNC, because idiosyncratic knowledge, skills, expertise, and competences are embodied in the individual worker, a function that can seldom be The Corporation of London estimated that 25 % of the 300,000 City-jobs in 2009 were filled by foreign workers (Aldrick, 2009) c Estimate by City of London of City-jobs only (i.e., excluding Canary Wharf) (CEBR, 2011) accomplished by ICT or other forms of technological transmission.…”