CTWD 4 (Midterm)

Question 1

serves as a hub for production, finance, and telecommunications. It cannot be helped that a multitude of cultures interact with each other when nation-states and multinational corporations behave in a grandar scheme, and this constant interaction of cultures occur in a particuular geographical setting which is called the global city. It also houses industries that promote the globalization of markets.

Answer 1

Global city

Question 2

sociologist and writer of the famous book ‘‘The Global City’’

Answer 2

Saskia Sassen (1991)

Question 3

She characterized global city in four ways:
1. The cultural diversity of the people
2. existence of a center of the economy
3. Geographical dispersal of economic activities that marks globalization; and
4. Global reach performance

Answer 3

Saskia Sassen (1991)

Question 4

Famous Global Cities

Answer 4

• New York
• Tokyo
• Singapore
• Seoul

Question 5

ranked the highest in terms of business activity, human capital, information exchange, cultural experience, and political engagement, and have the largest stock market in the world i.e., NYSE - New York Stock Exchange (New York)

Answer 5

New York

Question 6

4% of the city is green space, making London the greates city of its size in the world, around 40% of the world’s foreign equities are traded here i.e., FTSE - Financial Time Stock Exchange (London), where businesses thrive and much larger than that of New York, also in a major time-zone advantage for doing business with Asia

Answer 6

London

Question 7

is a quintissential global city, has been one of the world’s most visited places for centuries, and its economy prospers because of a well-educated workforce, modern infrastructure, and global niches in creative industries, business services and tourism

Answer 7

Paris

Question 8

The most number of corporate headquarters, which are hubs of global finance and capitalism (613 in Tokyo, while 217 in New York) i.e., Nikkei. The Tokyo metropolitan area is the largest world city-region globally, and is the location where many of Japan’s advanced functions are centralized.

Answer 8

Tokyo

Question 9

named the most expensive city in the world for the second year running, mainly due to its high housing prices. The survey measures the cost of 200 items in 209 cities i.e., items include housing, transportation, food, clothing, household goods, and entertainment.

Answer 9

HongKong

Question 10

commands the greatest proportion of capital.

Answer 10

Australia, Sydney

Question 11

'’most livable city’’, a place with good public transportation, a thriving cultural scene and relatively easy pace of life.

Answer 11

Melbourne

Question 12

home of the Hollywood, where movies are made for global consumption.

Answer 12

Los Angeles

Question 13

main headquarters of Sony, and from there, the company coordinates the sale of its various electronics goods to branches across the world.

Answer 13

Tokyo

Question 14

home of the most powerful internet companies - Facebook, Twitter, and Google

Answer 14

San Francisco

Question 15

centers of trade and finance

Answer 15

Shanghai, Beijing & Guangzhou

Question 16

In ____, only 30% of the world lived in urban areas. By ____, that number increased to 54% percent. And by ____, it is expected to reach 66%

Answer 16

1950, 2014, 2050

Question 17

• may have the smaller stock market but plays a critical role in the global economic supply chain ever since China has become the manufacturing center of the world.
• has the busiest container port, moving over 33 million container units in 2013

Answer 17

Shanghai

Question 18

considered Asia’s most competitive city because of its strong market, efficient and incorruptible government, and livability.

Answer 18

Singapore

Question 19

seat of American state power (White House, The Capitol Building (Congress), The Supreme Court, the Lincoln Memorial, and the Washington Minument)

Answer 19

Washington D.C.

Question 20

is a sleepy town and thus is not as attractive to tourist, but Australia’s political capital, it is homme to the country’s top politicians, bureaucrats, and policy advisors.

Answer 20

Canberra

Question 21

headquarters of the United Nations

Answer 21

New York

Question 22

headquarters of the European Union

Answer 22

Brussels

Question 23

headquarters of the Association of Southeast Asian Nations (ASEAN)

Answer 23

Jakarta

Question 24

European Central Bank, which oversees the Euro

Answer 24

Frankfurt

Question 25

the world’s top university

Answer 25

Boston Harvard University

Question 26

culinary capitals of the world, with its top restaurants incommensurate with its size

Answer 26

Copenhagen

Question 27

slowly becoming a cultural hub for the region. Metro Manila is not very global because of the dearth of foreign residents, but Singapore is, because it has a foreign population of 38%

Answer 27

Singapore

Question 28

_____ (2000) seen that the ‘‘global city’’ concept has captured the attention of geographers and other social scientists, and most of the researches focus’ predominantly on capital mobility and the important and yet has been neither critically conceptualized nor sufficiently analyzed in existing studies of global cities

Answer 28

Tyner

Question 29

is one of the paradigmatic global cities

Answer 29

London

Question 30

are seeking to work full-time

Answer 30

part-time laborers

Question 31

those are doing occasional jobs

Answer 31

self-employed laborers

Question 32

who are in a situation to lose their job soon

Answer 32

laborers

Question 33

count such as disabled and prisoners

Answer 33

people who are not in active population