Characteristics Of Globalization

What is globalization : The definition of globalization in general is the process by which businesses or other organizations develop international influence or start operating on an international scale. And in Global Transformation book by Held and McGrew 2002, “it is the expanding scale, growing magnitude, spending up and deepening impact of transcontinental flows and patterns of social interaction”

What is global city and their features :

Global city is function as a key point in the global world economy, prominence of business and financial services , importance of global communication for the exchange of information and development of a global culture. In this world then, a global city is a significant production point of specialized

Naturally this lends itself to our contemporary desire in accordance with strengthen league tables. These cities have certain features to be globalized such as a large population, international financial institutions, law firms, corporate headquarters, stock exchanges that have influence on the world economy. And an advanced communication infrastructure , several international cultures and communities , a major international airport that provides flights to different parts of the world. In addition , an advanced transportation system that offers multiple modes of transportation and a lively cultural scene, including film festivals, a thriving music or theater scene, art galleries and street performers , cultural institutions such as museums and universities . Last, a several powerful and influential media outlets with an international reach. And as this case study is about London as it is one of the most global cities it has these all features especially

Urban communities are evaluated on the premise of 70 point by point markers in six classes: Economy, Research and development, Social Interaction, Decency, Environment, and Accessibility. The best three urban areas, London, New York and Tokyo, all held their places with London keeping up its No. 1 position for the 6th year running. European urban areas got high scores in livability and environment, keeping up their places for being the world's most reasonable urban communities, while U.S. urban communities kept up their high scores in the zones of Research and development, underscoring the fascination of these urban areas for scientists and pioneers. Over the recent 10 years, the reports have demonstrated that the energy of urban communities has been changing because of changes in the large scale condition. It recommends that a city's general power can't be dictated by a solitary factor, for example, economy, yet needs to consider the many components that characterize the city. Fast urbanization and globalization posture the two difficulties and open doors for urban areas, so for urban communities to flourish, they have to precisely evaluate their particular qualities and shortcomings, and additionally their relative situating against different urban areas. The GPCI report can help strategy creators and worldwide organizations accomplish more quick witted arranging and basic leadership in their endeavors to flourish in the present