World Cites: nature, character, spatial distrubution Flashcards
nature:
growth due to global economy,
drivers of growth: reduced trade barriers since 1950, tech- computerization/telecommunication/transport innovation- slash cost and increased speed of info/people/goods between countries–> rapid growth of TNCs
new global system of production, marketing, finace, business services and telecommunications (controlled defined by network of world cities) mainly developed country drive world
character:
beyond former role as centres for international trade/banking to:
- command/control centres of global economy
- preferred location for finance/law/accounting/advertising
- major transport hubs
- new innovative industries
- centres for cultural authority (museums, gallery, uni)
- major events (olympics)
- media outlets with international reach (News Corp)
spatial distribution:
classified according to spatial articulations: economic power they command:
dominant world cities- control centres(NY, London, Tokyo)
major world cities- multinational role: link large national companies to global system (Paris, LA, Singapore)
secondary world cities- national/sub-national roles, bring regional economies into global system (HK, Sydney, Chicago)