QUESTIONS???? What are global cities? What are the attributes of a global city? Why globalization is a spatial phenomenon? How cities served as engines of globalization? Defining the Global City Global cities are “brain hubs” and centers of a “knowledge economy”. Sociologist Saskia Sassen popularized this term. Her The Global City: New York, London, Tokyo (1990) has shaped the concepts and methods used to analyze the role of cities and their networks in the contemporary world. Sassen’s concept of Global City gives emphasis on the flow of information and capital. Global Cities are major nodes in the interconnected systems of information and money, and the wealth that they capture is intimately related to the specialized businesses that facilitate those flows.
making sense of urban systems and their
global networks Globalization as Spatial Phenomenon Spatial as it occurs in physical spaces. - Foreign investments and capital move through a city - Companies build skyscrapers
Globalization is spatial because what makes it move is the fact that it is
based in places. In other words, cities act on globalization and globalization acts on cities: -Los Angeles, home of Hollywood, is where movies are made for global consumption -Tokyo, headquarters of Sony, the company coordinates the sale of its various electronics goods to branches around the globe Attributes of Global City SEATS OF ECONOMIC POWER New York have the largest stock market in the world Tokyo houses the most number of corporate headquarters Shanghai plays critical role in the global economic supply CENTERS OF AUTHORITY Washington DC, not wealthy as New York, but it’s the seat of American Power Canberra is Australia political capital: home to country’s politicians and bureaucrats CENTERS OF POLITICAL INFLUENCE Cities that house major International Organizations: UN-New York, EU-Brussels CENTERS OF HIGHER LEARNING AND CULTURE The question then becomes how to identify these cities, and perhaps to determine to what extent they function as global cities specifically, beyond all of the other things that they do simply as cities. 1. AT Kearney’s list, developed in conjunction with the Chicago Council on Global Affairs. Global Cities Index uses criteria across five dimensions: A. Business Activity (headquarters, services firms, capital markets value, number of international conferences, value of goods through ports and airports) B. Human Capital (size of foreign born population, quality of universities, number of international schools, international student population, number of residents with college degrees) C. Information Exchange (accessibility of major TV news channels, Internet presence (basically number of search hits), number of international news bureaus, censorship, and broadband subscriber rate) D. Cultural Experience (number of sporting event, museums, performing arts venues, culinary establishments, international visitors, and sister city relationships). E. Political Engagement (number of embassies and consulates, think tanks, international organizations, political conferences) Mori Foundation Global City Power Index (2015) Global Power City top 10: (2016) 1. London, 2. New York City, 3. Tokyo, 4. Paris, 5. Singapore, 6. Seoul, 7. Amsterdam, 8. Berlin, 9. Hong Kong, 10. Sydney.