M6-Topic 1 Part 1; WORLD CIties: Nature, Characteristics(Economic, Communications & Transport) Flashcards

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1
Q

what are world cities

A

Large cities that have outstripped its national urban network & become part of the global system.

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2
Q

what are the characteristics of world cities (7)

A

centres of:

  • political power
  • World trade
  • communications
  • banking & finance
  • world entertainment & sporting
  • Business centres (NGO’s & TNC’s)
  • Tourism
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3
Q

what has caused world cities to appear

A

Globalisation

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4
Q

what is globalisation

A

The process where national economies are able to trade in a integrated or independent way due to the lowering of tariff protection

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5
Q

how did globalisation come to be

A

improvement in technology, communications and transport

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6
Q

what are the impacts of globalisation (1 (4))

A

More interdependent world allowing for the spread off:

  • ideas
  • culture
  • money
  • materials
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7
Q

what major shifts are being seen because of globalisation (2)

A

National states → International Economy

Formation of TNC’s → Creating Global Economy

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8
Q

what are TNC’s

A

Large business enterprises that operate in several countries

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9
Q

list examples of TNC’s, their industry, their yearly revenue, and the location of their headquarters. (2)

A
  • BP: oil and gas company, $233 Billion Revenue,
    London
  • Verizon: Telecommunications 132 billion revenue New
    York City
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10
Q

What impact have TNC’s had on the world (3)

A
  • Polarisation of wealth in urban societies, (enhance
    living standards of key executives, declining living
    standards for industry workforce.)
  • Creation of financial districts “edge cities” or
    “technoburbs” (silicon valley) which service the new
    economy
  • Increased interconnectedness of world cities through trade travel & decision making
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11
Q

what are the Economic characteristics of World cities (5)

A
  • House a large number of TNC and corporate Headquarters
  • High concentration of highly paid international elite
  • High class residential areas
  • sites of international banks
  • sites of leading Global markets
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12
Q

list examples of TNC or corporate Headquarters in world cities (3)

A
  • BP, London
  • Toyota, Tokyo
  • Verizon, NYC
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13
Q

list examples type of highly paid international jobs in world cities (3)

A
  • law,
  • accounting,
  • advertising
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14
Q

list high class residential areas in world cities and their average price (3)

A
  • Knights bridge - €3.90 million
  • Belgravia - €3.89 million
  • Kensington - €3.87 million
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15
Q

list examples of international banks operating in world cities and their total assets(3)

A
  • Jp Morgan Chase, NYC, $2.5trillion (US)
  • HSBC, London, $2.7 trillion (US)
  • Barclays, London $ 1.15 trillion (US)
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16
Q

List examples of Global stock markets operation in world cities(3)

A
  • Dow Jones (wall street), NYC
  • FISE, London
  • Nikkei Index, Tokyo
17
Q

What are the communications and transport characteristics of world cities (4)

A
  • Location of Internationally influential media organisations
  • Major Telecommunication Hubs
  • High access to airline flights (Airports)
  • Strong transport system
18
Q

List examples of influential Media Organisations operating in world cities (3)

A
  • Disney, Los Angeles
  • ABC (american broadcasting company), NYC
  • BBC (British Broadcasting Company), London
19
Q

List examples of telecommunication hubs operating in World cities (1)

A
  • Telecom (BT) Tower, London
20
Q

List examples of airports(3) in world cities (2)

A
.New York 
 - JFK
 - Newark
 - La Guardia
.London
 - Heathrow
 - Stansted
- Gatwick
21
Q

List examples of strong transport systems in world cities (2)

A

The metro subway, New york

The London Underground(subway), London

22
Q

List examples of strong transport systems in world cities (2)

A

The metro subway, New york

The London Underground(subway), London