the global city new york london


What is a global city?

A global city, also known as a world city, is a prominent centre of trade, banking, finance, innovation, and markets. Saskia Sassen used the term "global city" in her 1991 work, The Global City: New York, London, Tokyo to refer to a city's power, status, and cosmopolitanism, rather than to its size.

Is New York a global city?

And among all, a global city is connected to all the networks in the world and has more than 8 millions of inhabitants. New York is a major economic hub: it’s the 2nd most powerful city in the world on the economic aspect after Tokyo in terms of Global Economic Power Index.

Is London a 'global city'?

Retrieved 20 December 2017. Against those writers who, by emphasizing the importance of financial exchange systems, distinguish a few special cities as 'global cities'—ccommonly London, Paris, New York and Tokyo—we recognize the uneven global dimensions of all the cities that we study.

How has globalization impacted New York City?

Globalization has undoubt- edly contributed to this. Like in most upstate regions, New York City has seen higher paying manufacturing jobs continue to decline rapidly through the 2000s.

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