Global City

By: Kurt Sosmenia

Rielle Lomboy
What is Global
City?
Global City
Global city, an urban centre that enjoys significant
competitive advantages and that serves as a hub within a
globalized economic system. The term has its origins in
research on cities carried out during the 1980s, which
examined the common characteristics of the world’s most
important cities.
Why are cities serves as engines
for Globaliation?
Cities are the engines of globalization. They are social
magnets, growing faster and faster. In the current
generation urban life has become the dominant form of
human life throughout the world.
What are the attributes
of a global city?
Home to major stock exchanges and indexes
Influential in international political affairs
Home to world-renowned cultural institutions
Service a major media hub
Large mass transit networks
Home to a large international airport
Having a prominent skyline
One example is AT Kearney’s list, developed in conjunction with the Chicago
Council on Global Affairs. Their most recent version is the 2012 Global
Cities Index. This study uses criteria across five dimensions:

Business Activity
Human Capital
Information exchange
Cultural Experience
Political Engagement
 The Institute for Urban Strategies at The Mori Memorial Foundation in Tokyo published
another study called “The Global Power City Index 2011.” This report examined cities in
terms of functions demanded by several “actor” types: Manager, Researcher, Artist, Visitor,
and Resident. The functional areas were:

Economy
Research and Development
Cultural Interaction
Livability
Environment
Accessibility
Another popular ranking is the Economist Intelligence Unit’s Global City
Competitiveness Index. They rank cities on a number of domains:

Economic Strength
Human Capital
Institutional Effectiveness
Financial Maturity
Global Appeal
Physical Capital y)
Environment and Natural Hazards
Social and Cultural Character