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A global city [a] is a city that serves as a primary node in the global economic network. The concept originates from geography and urban studies, based on the thesis that globalization has created a hierarchy of strategic geographic locations with varying degrees of influence over finance, trade, and culture worldwide. [1]
Taipei, Taiwan Shanghai, China Downtown Seoul, South Korea Bonifacio Global City in Taguig, Metro Manila, Philippines Central Business District in George Town, Malaysia Guangzhou, China Hong Kong, China Downtown Core, Singapore Tokyo, Japan Makati CBD in Makati, Metro Manila, Philippines Dhaka, Bangladesh Taichung, Taiwan Mumbai, India Jakarta, Indonesia Dubai, United Arab Emirates Bangkok ...
Bonifacio Global City (also known as BGC, Global City, or The Fort) is a central business district and major financial hub located in Taguig, Metro Manila, Philippines. It is located 11 kilometers (6.8 mi) southeast of the capital city of Manila .
Bonifacio Global City (second) is the newest and one of the largest central business districts in the Philippines. The Bases Conversion and Development Authority (BCDA), Ayala Land, Inc. and Evergreen Holdings, Inc. controls Fort Bonifacio Development Corporation, which oversees the master planning of Bonifacio Global City.
The results should be interpreted as indicating the importance of cities as nodes in the world city network (i.e. enabling corporate globalization). [8] The cities in the 2024 classification are as follows, listed in alphabetical order per section: [9] (1) or (1) indicates a city moved one category up or down since the 2022 classification. [10]
Global trade in services is also significant. For example, in India, business process outsourcing has been described as the "primary engine of the country's development over the next few decades, contributing broadly to GDP growth, employment growth, and poverty alleviation". [81] [82]
Starbucks in Forbidden City, China. An example of a global business that has faced challenges due to localization of their products can be presented through the closing of a Starbucks in the Forbidden City of China in 2007.
Location of Singapore Singapore is a sovereign island country in maritime Southeast Asia. A global city, it has a highly developed market economy, based historically on extended entrepôt trade and more recently as a financial hub as well. Its economy is known as the most freest, most innovative, most competitive, most dynamic and most business-friendly in the world by various multinational ...