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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]
The term global city was subsequently popularized by sociologist Saskia Sassen in her work The Global City: New York, London, Tokyo (1991). [ 10 ] In 2000, the International Monetary Fund (IMF) identified four basic aspects of globalization: trade and transactions , capital and investment movements, migration and movement of people, and the ...
The current global housing crisis affects more than 2.8 billion people worldwide. At the same time, investment in social housing has declined, with most regions allocating less than 0.5% of GDP.
Historically, city dwellers have been a small proportion of humanity overall, but following two centuries of unprecedented and rapid urbanization, more than half of the world population now lives in cities, which has had profound consequences for global sustainability. Present-day cities usually form the core of larger metropolitan areas and ...
None of them arm are in Europe or the U.S. -- and the Asian country topping the list may surprise you.
Urbanization over the past 500 years [13] A global map illustrating the first onset and spread of urban centres around the world, based on. [14]From the development of the earliest cities in Indus valley civilization, Mesopotamia and Egypt until the 18th century, an equilibrium existed between the vast majority of the population who were engaged in subsistence agriculture in a rural context ...