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    Global Cities

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    Dennis Raymundo
    Global cities are the main sites where globalization occurs spatially. They act as command centers for the global economy and hubs for global finance, investment, and trade. Global cities facilitate the flows of people, capital, and ideas worldwide. They are connected digitally and through instantaneous financial transactions. Global cities also act as cosmopolitan centers that attract diverse populations and cultural exchange from around the world. Key indicators of a global city include its economic power, influential institutions, cultural prominence, and role in international affairs and organizations. However, global cities also experience growing inequality and disconnect from their surrounding regions.

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    Global Cities

    Uploaded by

    Dennis Raymundo
    5K views14 pages
    Global cities are the main sites where globalization occurs spatially. They act as command centers for the global economy and hubs for global finance, investment, and trade. Global cities facilitate the flows of people, capital, and ideas worldwide. They are connected digitally and through instantaneous financial transactions. Global cities also act as cosmopolitan centers that attract diverse populations and cultural exchange from around the world. Key indicators of a global city include its economic power, influential institutions, cultural prominence, and role in international affairs and organizations. However, global cities also experience growing inequality and disconnect from their surrounding regions.

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    Global CIties

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    Global cities are the main sites where globalization occurs spatially. They act as command centers for the global economy and hubs for global finance, investment, and trade. Global cities facilitate the flows of people, capital, and ideas worldwide. They are connected digitally and through instantaneous financial transactions. Global cities also act as cosmopolitan centers that attract diverse populations and cultural exchange from around the world. Key indicators of a global city include its economic power, influential institutions, cultural prominence, and role in international affairs and organizations. However, global cities also experience growing inequality and disconnect from their surrounding regions.

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    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    5K views14 pages

    Global Cities

    Uploaded by

    Dennis Raymundo
    Global cities are the main sites where globalization occurs spatially. They act as command centers for the global economy and hubs for global finance, investment, and trade. Global cities facilitate the flows of people, capital, and ideas worldwide. They are connected digitally and through instantaneous financial transactions. Global cities also act as cosmopolitan centers that attract diverse populations and cultural exchange from around the world. Key indicators of a global city include its economic power, influential institutions, cultural prominence, and role in international affairs and organizations. However, global cities also experience growing inequality and disconnect from their surrounding regions.

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    of 14

    GLOBAL CITY

    GLOBAL CITY: AS A SPATIAL


    GLOBALIZATION
    • Globalization is spatial because it occurs
    in physical space; and
    • The Global City is the main physical and
    geographic playground of the globalizing
    forces:
    1. Population concentration and mixing
    2. The global flows of people, capital and ideas
    Globalized city
    Global Cities: As Sites of
    Economic Globalization
    • Global cities are primarily economic as
    command centers and hubs of global
    finance and investment eg. New York,
    London, Tokyo
    Instantaneous money transactions and
    transmissions across the globe (in what
    ways? Are you linked to these processes?)
    Global City: Digital World and Media
    Telecommunications making distance seem
    to disappear

    (In what ways do you participate in this


    process?)
    Global Cities: As Centers of
    Cosmopolotanism
    Cosmopolitanism is a phenomenon most
    readily associated with the global city: large
    diverse cities attract people, material and
    cultural products around the world
    Results
    1. Human mobility and migration= cutural
    diversity
    2. Cosmopolitan consumption
    3. Cosmopolitan work culture
    The Global City
    1. Geographic dispersal of economic
    activities, simultaneous integration
    that feed the growth and importance of
    central corporate functions.
    2. Central functions increasingly
    complex, headquarters of large global
    firms outsource them from highly
    specialized service firms:
    3. Specialized service firms engaged inn highly
    complex and globalized markets subject to
    agglomeration economies;

    4. Headquarters outsource their most complex,


    unstandardized functions.

    5. Specialized service firms need to provide a


    global service which has meant a global
    network of affiliates; strenghthening of cross
    border city-to-city transactions and networks
    6. Economic fortunes of these cities become
    increasingly disconnected from their broader
    hinterlands or even their national
    economies.
    INDICATORS OF GLOBALITY
    • ATTRIBUTES OF A GLOBAL CITY
    – Economic power/ economic
    competitiveness (New York has the largest
    stock Market. Toyo houses the most number
    of corporate headquarters. Shanghai has te
    busiest container port)
    – Centers of Authority (Washington D.C as the
    seat of power in America, UN in New York)
    • Global Cities are centers of higher learning
    and culture (Publishing house in New
    York, London and Paris. Harvard
    University in Boston)
    Global City Indicators:
    ECONOMIC POLITICAL CULTURAL INDUSTRIAL
    • Active influence • First Name • Advanced
    •Corporate and participation familiarity (New transportation
    Headquarters, on international York, Tokyo, system
    multinational events and world Paris, London) • Major
    corporations. affairs • Highly renowned international
    •International • Hosting cultural airports and ports
    Financial Institutions headquarters for institutions, • Advanced
    •Significant Financial international galleries, sports communications
    Capacity/outpout : organizations complex, opera • Skyscrapers
    GDP (UN) house
    •Financial Service • Large • Influencial media
    (banks, Metropolitan Area produced
    accountancy) • Expat • Educational
    •Costs of living Communities institutions
    •Personal wealth: • tourism
    number of
    billionaires
    Tendencies and structural facts
    about global cities
    • Concentration of wealth in the hands of
    owners, partners and professionals
    associated with the high-end firms in this
    system
    • Growing disconnection between the city
    and its region urban/rural
    • Growth of marginalized population
    struggling to survive the marketplace
    defined by these high end activities.

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