Global cities are cities with substantial economic power, controlling the concentration and accumulation of capital and global investments. Despite this, global cities are the sites of increasing disparities in occupation and income. This is as a result of large in-migration and growing income inequality together with capacity and resource constraints, and inadequate Government policies.
Global cities are key command areas in the organization of the world economy, acting as a focus for trade flows and world finance and containing the principal marketplaces for the leading industries. These cities hold major corporate headquarters of TNCs, international banks and international division of labour (Macionis & Plummer 2012). Almost all of the world’s finance is controlled by twenty-five of these cities, with New York, London and Tokyo emerging as the three most powerful centres of world finance. But although these cities are the residences of large corporations and international systems of finance, they also have an increasing number of poor people. In Global cities, there is a sharp c...
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Introduction Sassen (2001) defines a global city as one within which “the linkages binding a city have a direct and tangible effect on global affairs through socio-economic means”. Sassen emphasises the ‘global’ importance of these cities. However, we must study the individual locations this global entity consists of, in order to fully understand the whole; something we have endeavoured to achieve through a focus on the districts of Shoreditch and Hoxton. To begin our report, we will first outline our research methodologies.... [tags: Industrial, Occupational, Income, Residents]
1498 words (4.3 pages)
- Global cities are strategic spatial nodes of the world economy with localized basing points for capital accumulation in an age of intensified globalization (Brenner, 1998). (Sassen, 2005), argues that centralization has taken a new form. The major contributor to this new form is reorganization of the financial industry and spatial dispersion of economic activities. This has led to an overall concentration in control and ownership. Dispersion of the economic activities has led to specialization of firms as well as expansion in central functions.... [tags: Development, Expansion, Centralization]
1796 words (5.1 pages)
- Over the years, climate has been changing creating sea levels to rise and more people are moving to the cities looking for jobs and opportunities leading to land in urban areas to subside. Because of this, the world’s coastal cities are at an increasing risk of dangerous (economically and physically) flooding. Cities on the coast have different defenses to help prevent flooding but these defenses are geared towards today’s current state. With the rise of sea levels these defenses will no longer be applicable and the city will flood.... [tags: Climate Change, Sea Levels, Flooding]
1352 words (3.9 pages)
- From 2000 until 2030 the urbanized areas will be nearly tripled1 because of the demographic transition from rural to urban. The use of dark building materials, such as asphalt and concrete, leads to a lower albedo in urbanized areas than in natural environment2, fostering local and global warming. In turn, the increase in urban albedo might support climate stabilization efforts3. Here, we investigate the potential effect of the increase in albedo in a representative set of European cities relying on instantaneous radiative forcing (IRF), urban cooling and the consequent effect on mortality, ozone formation and energy use.... [tags: european cities, global climate change]
1851 words (5.3 pages)
- In this new age of globalization, some cities have prospered while others have been subject to suffering. Cities like Detroit and Battle Creek, Michigan have deteriorating economies and low populations while New York City and Paris have increasing economic growth and populations. New York, unlike Battle Creek and Detroit, is a “global city.” Global cities are key locations for leading industries of the time, major sites of production and, most importantly, command points in the organization of the world economy.... [tags: global cities, economy, investors]
1708 words (4.9 pages)
- Introduction. Throughout Gerring’s (2006) description of case selection techniques, the emphasis is set in the methodological structures of each procedure. Each of these techniques relies on certain parameters in which cases look for different means to representativeness. A case study should always be representative of a larger population and this stands a decisive benchmark for its validity as a stand-alone case, either for testing or generating a hypothesis (Gerring, 2006). The crucial case study however is presented with a more careful insight, since its methodological approach distances from the other techniques.... [tags: polarisation, ]
1073 words (3.1 pages)
- As Sassen (40) defined, networks and circus are elementary of global cities, having a well–connected airport is thus critical for linkage of a city with the world as it allows intensive flows of information, people and products. Hong Kong has developed itself into an international aviation hub the holds leading position in both passenger and cargo terms. According to the Airports Council International (), HKIA ranked as number 10 and 1 as the world’s busiest airport by passenger and cargo traffic respectively.... [tags: global cities, aiports]
904 words (2.6 pages)
- Imagine a world where almost all of the major cities are covered by water, and alternating droughts led to water storages, malnutrition and an mass animal extinction. Often, people define "Global Warming" as a change in climate directly or indirectly attributable to human activities altering the atmospheric composition. The climate has always changed. The problem is that in the last century the pace of these changes has accelerated abnormally, to such a degree that they affect planetary life. A closer look at Global Warming will include the controversy surrounding this topic, what cause Global Warming, the actual environmental changes and human attempts to slow it.... [tags: Climate Change, Argumentative Essay]
2210 words (6.3 pages)
- Over time the development of towns and cities has drastically increased since the old cities back in biblical times. The first city known to history was the city of Byblos, which had the reputation for oldest city in the world and dates back to the third millennium. In ancient Greece the term for the city of all cities was called Megapolis, examples of one now would be New York City or Chicago. Cities back in the past were clearly different and constructed compared to modern cities now. A city is defined as permanent settlement, but it doesn’t just start out as a city it has to build it up.... [tags: development of towns and cities increase]
984 words (2.8 pages)
- Detroit, America’s great comeback city. On May 5th 2013 that slogan was chosen to be the new slogan representing Detroit in a nationally-focused advertising campaign that started last July. Why is Detroit making a comeback and where from. The era of mass production emerged in Detroit in the early twentieth century when Henry Ford’s Dearborn plant opened in 1913. Much of the subsequent development was tied up with the automobile industry. The city’s social geographies were reflective of the strongly racialised organization of labour within the industry.... [tags: Decline of Cities]
1861 words (5.3 pages)