GLOBAL CITIES

global-cities

What does this expression make you think of?

Can you give some examples?

What can you find in most global cities?

What do they have in common? In terms of culture? Business? Services? Population? Architecture?

WHAT IS A GLOBAL CITY?

•Function as a key point in the global world economy
•Prominence of business and financial services
•Importance of global communication for the exchance of information
•Development of a global culture
CHARACTERISTICS OF A GLOBAL CITY
  • a large population
  • international financial institutions, law firms, corporate headquarters, stock
  • exchanges that have influence on the world economy, an advanced communication infrastructure
  • several international cultures and communities
  • a major international airport that provides flights to different parts of the world
  • an advanced transportation system that offers multiple modes of transportation
  • 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 several powerful and influential media outlets with an international reach

NEW YORK…NEW YORK …  WHAT MAKES NEW YORK A GLOBAL CITY?

DIVERSITY

  • New York is a populous and diverse city with a population of 8.274.527
  • ¨melting pot¨ : 36% of the city`s population is foreign born
CONNECTIVITY
  • New York City is the top international air passenger gateway to the US Transportation:more than 12.000 yellow cabs
  • the New York City Subway: open 24 hours per day
CULTURE
¨Culture seems to be in the air, like part of the weather.¨ (Tom Wolfe)
  • A network of major cultural institutions such as Metropolitan Museum of Art ,The Lincoln Center for the Performing Arts
  • Universities: New York is home to many universities such as    Columbia University, New York University…
  • Media: New York is a global center for the television, music and newspaper industries.
INTERNATIONAL HEADQUARTERS
  • New York is a major center for international affairs.
  • It is home to the United Nations headquartes complex.
  • Many major corporations are headquartered in New York City
FINANCIAL AND BUSINESS SERVICES
  • New York: one of the three ¨command centers¨ for the world economy
  • One of the key cities in global communication
  • New York Stock Exchange
  • NASDAQ
DIFFERENT FUNCTIONS OF GLOBAL CITIES
According to Saskia Sassen  (Dutch-American sociologist noted for her analyses of globalization and international human migration.  Sassen coined the term Global city)
– global cities fulfill coordinating roles and functions rather than competing against each other
– New York: major center for financial innovation
– London: international banking and financial center
– Paris: global financial center due to the structural features of its banking and financial system
 – London, Paris and Tokyo: national govermental capitals, but New York is not.
 – London, New York, Paris and Tokyo are all attractive cities for tourists, but the type of tourists is different.
PROBLEMS IN GLOBAL CITIES
  • Social polarization
In Sassen`s view: the economic structure of the global city leads to social polarization,
as the leading sectors employ a group of extraordinarily high earning individuals and create a demand for low-paid service workers.
  • High cost of living
  • High competition for top positions
  • Stress
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