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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]
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]
For a period in the early nineteenth century the Free City of Cracow had a measure of autonomy outside of the Austrian Empire, the Kingdom of Prussia and Imperial Russia, and was tariff-free. Some international cities, such as the Free City of Danzig and the Free Territory of Trieste, had their own currency and practised tariff-free trade. [1]
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]
A city-state is an independent sovereign city which serves as the center of political, economic, and cultural life over its contiguous territory. [1] They have existed in many parts of the world throughout history, including cities such as Rome, Carthage, Athens and Sparta and the Italian city-states during the Middle Ages and Renaissance, such as Florence, Venice, Genoa and Milan.
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 ]