NAME: JACULBE, JEAN MICHELLE VILLA

COURSE AND PROGRAM: BSA 2

CONTEMPORARY WORLD

1. What is global city?

Answer:
A global city is a term used to describe a city that plays a significant role in the global
economic system and serves as a hub for various international activities. Global cities are
typically characterized by their influence in areas such as finance, commerce, culture,
politics, and innovation. These cities act as key nodes in the global network of economic
and social interactions. Its characteristics includes economic power, connectivity, cultural
diversity, knowledge and innovation, and global influence. The example of Global cities
are New York City, London, Tokyo, Paris, Singapore, Dubai, and Shanghai. These cities
exert a significant impact on the global stage and serve as key drivers of economic
growth and cultural exchange. However, it is important to note that the concept of a
global city is not limited to a specific list of cities, and the designation can vary based on
different criteria and rankings developed by various organizations and researchers.

2. How does global cities serve as engines of globalization?

Answer:
Global cities serve as engines of globalization in several ways:
 Economic Hubs: Global cities are large economic centers that play an important role in
promoting global trade and investment. They attract multinational enterprises, financial
institutions, and worldwide businesses, fostering economic growth. These cities are
appealing to enterprises pursuing worldwide expansion because they provide broad
markets, access to financing, and skilled workforce.

 Financial Centers: Many global cities are renowned financial hubs, hosting stock
exchanges, banking institutions, and financial services providers. They facilitate the flow
of capital and investments across borders, acting as intermediaries in global financial
transactions. Global cities like New York, London, and Tokyo are home to major
financial markets and play a vital role in shaping global financial systems

 Innovation and Knowledge Creation: Global cities are centers of knowledge creation,
research, and innovation. They attract talented individuals, entrepreneurs, and researchers
from around the world, fostering an environment of creativity and invention. These cities
often have prestigious universities, research institutions, and technology hubs, driving
advancements in various fields and contributing to global innovation networks.
 Cultural Exchange and Diversity: Global cities are melting pots of diverse cultures,
attracting people from different backgrounds. They provide platforms for cultural
exchange, artistic expression, and the blending of ideas and perspectives. This cultural
diversity enriches societies and promotes cross-cultural understanding, contributing to the
interconnectedness of the world.

 Transportation and Connectivity: Global cities have advanced transportation networks,

including airports, seaports, and efficient logistics systems. These cities serve as crucial
transit points for people, goods, and information, facilitating global connectivity. The
ease of travel and efficient logistical infrastructure enable the smooth movement of
people, products, and ideas across borders, supporting globalization.

 Global Decision-Making: Global cities often host international organizations, diplomatic

missions, and major conferences. They serve as platforms for global decision-making,
policy formulation, and diplomatic negotiations. Their influence in global governance
structures allows them to shape policies and regulations that impact various aspects of
globalization, such as trade, climate change, and human rights.

Global cities serve as catalysts for globalization by offering the essential infrastructure,
economic possibilities, knowledge networks, and platforms for cultural exchange. They
act as critical nodes in the global network, connecting people, businesses, and ideas while
driving global integration and interdependence.