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    Group 5

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    Francis Tutor
    This document discusses the attributes of global cities and how they serve as engines of globalization. It defines globalization as a spatial phenomenon that occurs in physical urban spaces. Global cities are characterized by their strong economic power as hubs of finance and business, with New York, London, and Tokyo cited as early examples. The criteria for what constitutes a global city has expanded to include other attributes beyond just economic dominance, such as being centers of authority, higher education, and culture. Global cities also tend to be culturally diverse locations that attract international talent and influence.

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    Group 5

    Uploaded by

    Francis Tutor
    2K views2 pages
    This document discusses the attributes of global cities and how they serve as engines of globalization. It defines globalization as a spatial phenomenon that occurs in physical urban spaces. Global cities are characterized by their strong economic power as hubs of finance and business, with New York, London, and Tokyo cited as early examples. The criteria for what constitutes a global city has expanded to include other attributes beyond just economic dominance, such as being centers of authority, higher education, and culture. Global cities also tend to be culturally diverse locations that attract international talent and influence.

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    This document discusses the attributes of global cities and how they serve as engines of globalization. It defines globalization as a spatial phenomenon that occurs in physical urban spaces. Global cities are characterized by their strong economic power as hubs of finance and business, with New York, London, and Tokyo cited as early examples. The criteria for what constitutes a global city has expanded to include other attributes beyond just economic dominance, such as being centers of authority, higher education, and culture. Global cities also tend to be culturally diverse locations that attract international talent and influence.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    2K views2 pages

    Group 5

    Uploaded by

    Francis Tutor
    This document discusses the attributes of global cities and how they serve as engines of globalization. It defines globalization as a spatial phenomenon that occurs in physical urban spaces. Global cities are characterized by their strong economic power as hubs of finance and business, with New York, London, and Tokyo cited as early examples. The criteria for what constitutes a global city has expanded to include other attributes beyond just economic dominance, such as being centers of authority, higher education, and culture. Global cities also tend to be culturally diverse locations that attract international talent and influence.

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    © All Rights Reserved
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    of 2

    GEC WORLD (12:00-1:30 PM; TTh)

    GROUP 5
    ABUEVA, Hasmin
    DOYDORA, Jaive
    GALLEGO, Honey Joy
    TARAY, Mery Shanne
    THE GLOBAL CITY
    Learning Outcomes
    At the end of our reporting, listeners should be able to:
    1. Explain why globalization is a spatial phenomenon;
    2. Identify the attributes of a global city; and
    3. Analyze how cities serve as engines of globalization.
    GLOBALIZATION a spatial phenomenon

     Globalization is spatial because it occurs in physical spaces. You can see it when foreign
    investments and capital move through a city, and when companies build skyscrapers.
    As all these events happen, more people are driven out of city centers to make way for
    the new developments.
     Globalization is spatial because what makes it move is the fact that it is based in places.
    In other words, cities act on globalization and globalization acts on cities. They are the
    sites as well as the mediums of globalization.
    Facts about the increasing numbers in the urban areas:

     In 1950, it is recorded that 30% of the world lived in urban areas.


     In 2014, it increased to 54%.
     And it is expected that in 2050, it will reach to 66%.
    This really emphasized that globalization is connected to the rapidly increasing number of
    people in the world.
    DEFINING THE GLOBAL CITY
    Sociologist Saskia Sassen popularized the term “global city” in the 1990s. Her criteria for what
    constitute a global city were primarily economic.
    She initially identifies three global cities, namely New York, London, and Tokyo, all of which are
    hubs of global finance and capitalism. They are the homes of the world’s top stock exchanges
    where investors buy and sell shares in major corporations.
    Facts: New York Stock Exchange (NYSE) has $19,300 billion value of shares that are traded while
    Philippine Stock Exchange (PSE) only has shares of $231.3 billion.
    Today, global economy has changed significantly. So Sassen’s idea about global city is made into
    improvements taking into account the latest development that happened and still happening in
    our world. Some commentators expanded the idea of Sassen. They site cities that are now
    identified global city not because of its dominant economic power but because of other
    attributes. Theses cities are Los Angeles, San Francisco, Shanghai, Beijing, Guangzhou, Sydney,
    Melbourne, etc.
    Defining global city is quite difficult. So, instead of asking whether or not one city is a global city,
    it is better to ask: “In what ways are cities global and to what extend are they global?”
    INDICATORS FOR GLOBALITY
    Attributes of the global city:
    1. ECONOMIC POWER- this is the foremost characteristics of a global city. It largely
    determines which cities are global.
    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 criteria like market size, purchasing power of citizens, size of the middle class, and
    potential for growth.
    2. Global cities are 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.
    3. Global cities are centers of higher learning and culture. A city’s intellectual influence is
    seen through the influence of its publishing industry.
    Another examples of global cities are Copenhagen, the capital of Denmark; Manchester,
    England; and Singapore.
    Today, global cities become culturally diverse.

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