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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.
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]
A global city, also known as a world city, is a prominent centre of trade, banking, finance, innovation, and markets. [264] [265] 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. [266]
UNICEF defines city proper as, "the population living within the administrative boundaries of a city or controlled directly from the city by a single authority." A city proper is a locality defined according to legal or political boundaries and an administratively recognised urban status that is usually characterised by some form of local ...
International cities have had either one or both of the following characteristics: they were ethnically mixed; authority over the city had previously been contested by different nation-states. International cities were established mainly in the 1920s and 1940s, following World War I and World War II.
Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. This is made possible by the reduction of barriers to international trade, the liberalization of capital movements, the development of transportation, and the advancement of information and communication technologies. [1]
From around 1825 to 1918 London was the largest city in the world, with the population growing rapidly; it was the first city to reach a population of over 5 million in 1900. In 1950, New York City was the only urban area with a population of over 10 million. [ 32 ]
City region is a term used by urbanists, economists and urban planners to refer to how one or more core cities are linked to a hinterland by functional ties, such as economic, housing-market, commuting, marketing or retail catchment factors. [1]