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The Global City

This document discusses global cities and their role in globalization. It defines global cities as major hubs of finance and business like New York, London, and Tokyo. Global cities act as sites and mediums for globalization. They are characterized by their economic power and attract talented people. Global cities are also centers of political influence and culture due to influential industries and diversity of ideas and people. However, global cities also face challenges like inequality, poverty, and gentrification that displace the poor.

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John Roland Tampus
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150 views9 pages

The Global City

This document discusses global cities and their role in globalization. It defines global cities as major hubs of finance and business like New York, London, and Tokyo. Global cities act as sites and mediums for globalization. They are characterized by their economic power and attract talented people. Global cities are also centers of political influence and culture due to influential industries and diversity of ideas and people. However, global cities also face challenges like inequality, poverty, and gentrification that displace the poor.

Uploaded by

John Roland Tampus
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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LESSON 8

THE GLOBAL CITY


WHY STUDY GLOBAL CITIES?
What this lesson will emphasize, however, is that
globalization is spatial. This statement means
two things:
 Globalization is spatial because it occurs in
physical spaces.
 Globalization is spatial because what it makes
it move is the fact that it is based in places.
 Cities act on globalization and globalization acts on
cities. They are the sites as well as the mediums of
globalization.
DEFINING THE GLOBAL CITY
Sociologist Saskia Sassen popularized the term
“global city” in the 1990s.
 Global cities: New York, London, and Tokyo
(hubs of global finance and capitalism)
 New York has the New York Stock Exchange
(NYSE)
 London has the Financial Times Stock
Exchange (FTSE)
 Tokyo has the Nikkei
 Others consider some cities “global”
simply because they are great places
to live in.
 One way of solving the dilemma is to
go beyond the simple dichotomy of
global and non-global.
INDICATORS FOR GLOBALITY
 The foremost characteristic is economic power.
 Economic opportunities in a global city make it
attractive to talents from across the world.
 To measure the economic competitiveness of a
city, The Economist Intelligence Unit has added
other criteria: Market size, purchasing power of
citizens, size of the middle class and potential
growth
 Global cities are also centers of authority.
 The cities that house major international
organizations may also be considered centers
of political influence.
 Powerful political hubs exert influence on their
own countries as well as on international
affairs.
 A decision made in that city can, therefore,
affect the political economy of an entire
continent and beyond.
 Global cities are centers of higher learning and
culture.
A city’s intellectual influence is seen
through the influence of its publishing
industry.
 It is the cultural power of global cities that
ties them to the imagination.
 Today, global cities become culturally
diverse.
 In a global city, one can try cuisines from
different parts of the world.
THE CHALLENGES OF GLOBAL CITIES
 Global cities have their undersides.
 Theycan be sites of great inequality and
poverty as well as tremendous violence.

In this section, we list some “pathologies” of


the global city based on the research of the
Chicago Council on Global Affairs.
 Cities can be sustainable because of their
density.
THE GLOBAL CITY AND THE POOR
 Many cities, particularly those in the
developing countries, are sites of
contradiction.
 This phenomenon of driving out the poor in
favor of newer, wealthier residents is called
gentrification.
 In France, poor Muslim migrants are forced
out of Paris and have clustered around ethnic
enclaves known as banlieue.

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