Professional Documents
Culture Documents
IV. Content:
A global city, also called world city or sometimes alpha city or world
center, is a city generally considered to be an important node in the global
economic system. The concept comes from geography and urban studies, and 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.
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; although the term "world city", which refers to cities involved
with large amounts of global business, dates to at least the May 1886 description
of Liverpool, by The Illustrated London News. Patrick Geddes also used the term
"world city" later in 1915.More recently, the term has been described as being
55
CHED FACULTY TRAINING FOR THE TEACHING OF THE NEW GENERAL EDUCATION(GE)
CORE COURSES: SECOND GENERATION TRAINING
synonymous with a city's influence and 'financial capital', with other factors
becoming less relevant.
Characteristics:
Although what constitutes a world city is still subject to debate, standard
characteristics of world cities are:
A variety of international financial services, notably in finance, insurance,
real estate, banking, accountancy, and marketing
Headquarters of several multinational corporations
The existence of financial headquarters, a stock exchange, and major
financial institutions
Domination of the trade and economy of a large surrounding area
Major manufacturing centers with port and container facilities
Considerable decision-making power on a daily basis and at a global level
Centre of new ideas and innovation in business, economics, culture, and
politics
Centre of media and communications for global networks
Dominance of the national region with great international significance
High percentage of residents employed in the services
sector and information sector
High-quality educational institutions, including renowned universities,
international student attendance, and research facilities
Multi-functional infrastructure offering some of the best legal, medical, and
entertainment facilities in the country
The Institute for Urban Strategies at The Mori Memorial Foundation in
Tokyo issued a comprehensive study of global cities in 2016. The ranking
is based on six overall categories, "Economy", "Research &
Development", "Cultural Interaction", "Livability", "Environment", and
"Accessibility", with 70 individual indicators among them. This Japanese
ranking also breaks down top ten world cities ranked in subjective
categories such as "manager, researcher, artist, visitor and resident".
56
CHED FACULTY TRAINING FOR THE TEACHING OF THE NEW GENERAL EDUCATION(GE)
CORE COURSES: SECOND GENERATION TRAINING
Global Power City top 10: 1. London, 2. New York City, 3. Tokyo, 4. Paris,
5. Singapore, 6. Seoul, 7. Hong Kong, 8. Amsterdam, 9. Berlin, 10. Vienna
V. Activity/assessment
VI. References:
https://www.google.com.ph/search?q=conceptual+diagram+migration&source=ln
ms&tbm=isch&sa=X&ved=0ahUKEwi1xdaA14PUAhVEnZQKHadXDkEQ_AUIBig
B&biw=1280&bih=645#imgrc=lXJtPmqAZrj1dM:
https://www.forbes.com/sites/sarwantsingh/2014/06/19/smart-cities-a-1-5-trillion-
market-opportunity/#79fd04616053
https://www.atkearney.com/research-studies/global-cities-index
http://www.knightfrank.com/globalciti
57