London As A World City Flashcards
What is the classification of the World City of London?
Alpha++ World City
What is a World City?
A world city is an interconnected global economic centre that has a significant influence on the world economy
Why is London a hub for business, transport and trade?
London is one of the world’s leading financial centres with the HQs of TNCs such Barclays, Shell and Unilever are based here.
40% of the world’s largest companies choose to locate in London.
Heathrow is the busiest international airport in the world (100 000 flights a month) making London one of the most visited and accessible cities in the world with 15 million tourists annually.
Why is London a hub for production?
Although little is produced in London today, TNCs based in London make decisions which affect millions of people globally.
Tech City in London has been described as the digital capital of Europe, with over 700 tech and digital companies. Technology which will affect global economic progress is developed here.
Why is London a hub for politics?
London has an powerful elected Mayor with responsibility for promoting economic, social and environmental development in the city.
London is the capital of the UK and Government decisions are made here which affect the UK and its partners.
Why is London a hub for migration?
London is a destination for international migrants (300 languages are spoken in London). Net migration to London in 2014 was over 100 000 with 37% of the population born outside the UK.
Migration has both positive and negative economic impacts on countries of origin and destination.
