Global city

Global city or world city is a concept that refers to cities that have a direct and tangible effect on global affairs through socio-economic means. The concept comes from geography and urban studies and rests on the idea that globalization can be understood as largely created, facilitated, and enacted in strategic geographic locales according to a hierarchy of importance to the operation of the global system of finance and trade.

Definition

The most complex of these entities is the "global city", whereby the linkages binding a city have a direct and tangible effect on global affairs through socio-economic means. The use of "global city", as opposed to "megacity", was popularized by sociologist Saskia Sassen in her 1991 work, The Global City: New York, London, Tokyo.

Characteristics

Global cities are characterized by various factors, including the presence of multinational corporations, international institutions, the proliferation of technology, and strong cultural influences. They are also marked by a high level of economic activity, a large population, and a significant impact on global affairs.

Global City Index

The Global City Index, developed by the Globalization and World Cities Research Network (GaWC), ranks cities based on their provision of advanced services such as accountancy, advertising, banking/finance, and law. The more advanced services a city provides, the higher its ranking.

See also

• Megacity
• Metropolis
• World city

External links

• Global city on WikiMD

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