CTWD 4 (Midterm) Flashcards
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.
Global city
sociologist and writer of the famous book ‘‘The Global City’’
Saskia Sassen (1991)
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
Saskia Sassen (1991)
Famous Global Cities
- New York
- Tokyo
- Singapore
- Seoul
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)
New York
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
London
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
Paris
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.
Tokyo
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.
HongKong
commands the greatest proportion of capital.
Australia, Sydney
'’most livable city’’, a place with good public transportation, a thriving cultural scene and relatively easy pace of life.
Melbourne
home of the Hollywood, where movies are made for global consumption.
Los Angeles
main headquarters of Sony, and from there, the company coordinates the sale of its various electronics goods to branches across the world.
Tokyo
home of the most powerful internet companies - Facebook, Twitter, and Google
San Francisco
centers of trade and finance
Shanghai, Beijing & Guangzhou
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%
1950, 2014, 2050
- 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
Shanghai
considered Asia’s most competitive city because of its strong market, efficient and incorruptible government, and livability.
Singapore
seat of American state power (White House, The Capitol Building (Congress), The Supreme Court, the Lincoln Memorial, and the Washington Minument)
Washington D.C.
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.
Canberra
headquarters of the United Nations
New York
headquarters of the European Union
Brussels
headquarters of the Association of Southeast Asian Nations (ASEAN)
Jakarta
European Central Bank, which oversees the Euro
Frankfurt
