I don't Care what people think Egypt is amazing because of it rich history and my family and strong Muslims kind people Egypt is a global city
There are man y qualities that make a city a city, but when do cities become global? In my opinion, there are four factors that make a city global. These factors are 1 “The rapid expansion of a global consumer class,” and the second factor is the rise of urban regions as the engines of global economic growth have spread in a new era Stassen’s’ Issues and case studies in the new Urban economy 1997, p ,5) The third factor of global cities is that the global economy no longer revolves around a handful of dominant states and their national urban centers. This fundamental shift has both challenged the United States with greater global competition but also offered the prospect of all U.S. metropolitan areas to benefiting from engaging in growing markets abroad. This shift in the global economy is the final qualities of global cities (Stassen’s’ Issues and case studies in the new Urban economy 1997, p ,5)
Global cities are dynamic, diverse and dominant around the world. This is due to modern globalization, urbanization has become a defining trend of global development; cities are now not only centers of organization and business, they are crowded beyond belief. A high concentration of people leads to increased human productivity, which in turn increases economic productivity. For a city to be labeled as global it must have a number of important characteristics and depending on who you ask these characteristics tend to differ. All global cities have economic, cultural and administrative characteristics that are the result of global interaction with other cities in the global market yet; at the same time cities are able to deliberately integrate economic activity and production of ideas. Stassen’s’ Issues and case studies in the new Urban economy 1997, p ,5) .There are three examples of global cities that have reinforced these qualities and many more to improve their cities’ lives to compliment each other’s abilities to compete in the global economy are New York, London, and Tokyo.
New York and London are examples of cities that complement even competing versions of the global city model -A global city is influential on the world stage as the centers of services and trade flows, highly productive and innovative and culturally rich. Tokyo is the city in the East that appears regularly in lists of the three most global cities and is a topic of much debate, due to its policy-driven development and lesser focus on the service sector. Stassen’s’ Issues and case studies in the new Urban economy 1997, p ,5) Cities in the West are known as global by some because they demonstrate the globalization of capitalism. (Stassen’s’ Issues and case studies in the new Urban economy 1997, p, 5)
New York is the best example of a global city in my opinion due to its notoriously powerful financial system and complex social structure. The New York Stock Exchange is the world's largest in terms of market capitalization and Wall Street is home to many of the world's largest financial corporation’s (Stassen’s’ Issues and case studies in the new Urban economy 1997, p ,5)New York is where pen is put to paper: This Is because most international transactions are negotiated in new York under British or US law, and since negotiations occur where British and US legal experts congregate, foreign banks feel they must maintain a presence in New York City. (Stassen’s’ Issues and case studies in the new Urban economy 1997, p, 20)
Tokyo is a global city because like New York Tokyo is also a hub for corporate headquarters - multinational firms that are able to be represented globally. In addition, there are More Fortune Global 500 companies (the five-hundred companies with the highest revenue) are based in Tokyo than any other city worldwide (Stassen’s’ Issues and case studies in the new Urban economy 1997, p, 5. (Issues and case studies in the new urban economy 1997, p 6) Due to Tokyo's late industrialization, its economic characteristics differ to the capitalist tendencies of New York and London. "Tokyo’s relationship to the world economy is not driven in the first instance by market efficiency, (Tokyo is arguably exempt from a number of global city models; its state-driven economy and stricter immigration policy mean it is not a middle-class city with a focus on services and international markets that New York and London are. Whichever version of the global city is adopted, almost every city worldwide has a claim to the name. (Sasen 3 1997)
Global cities are culturally unique due to their cultural atmosphere and diversity; such characteristics make them attractive to immigrants and tourists alike. New York and London are reasonably open to immigration in comparison to Tokyo, which challenges the socio-cultural boundaries of a global city by limits it immigration policy
Answer to question 2
A global city may be defined by its characteristics, but it is necessary to examine the development of such features - Out of all the characteristics that global cities have the two characteristics that stand out to me are one the trait of cities called Culture of Knowledge and Innovation and the second trait is the trait of Compelling Global Identity. Cities must establish an appealing global identity, while they keep their local uniqueness and maintaining a local identity, and relevance in international markets not only to sell the city, but also to shape and build the region around a common purpose. I think it Is very Important for global cites to always maintain a sense of creativity in order to invent new products to be part of the global market, but also change the meaning of local and global cities in society to blend with technology and the unique cultural way of life and cities must be able change to adapt to modern times In addition , In an increasingly knowledge-driven world, all cities need to have the ability to create positive development in the global economy that requires high levels of human capital to generate new ideas, methods, products, and technologies, ability that every city can use Inventions to define its own unique way of life and keep up with the global market
Globalization: is another feature that defines global cities. Many Cities ‘have different reactions to globalization these reactions are very individual, and unique to how each city will interact in the global market. As a result, these reactions are important to analyze when defining a global city. "Globalization usually implies decentralization", (Sassen p 2 ) yet global cities are able to strategically take advantage of globalization "with their enormous concentrations of resources and talent" (Stassen 1999).In society a global city is a significant production point of specialized financial and producer services that make the globalized economy run. New York, London, and Tokyo are the most famous global cities, but there are many more global cities than this.
As a result of globalization, economic and executive functions have been centralized to regions that are highly productive and innovative. (Stassen’s’ Issues and case studies in the new Urban economy 1997, p, 5.)Global cities are large, developed cities, such as New York, London and Tokyo .According to Stassen, economic activity provides answers, in particular she stresses the significance of parallel development, to which some authors have associated capitalism. A global city is essential in the production of services and in the operation of global economic markets. Other academics discuss the importance of political integration, information exchange and cultural diversity as equally important factors. (Sassen 1999). (Sassen 1999). Sassen's concept of the global city is an emphasis on the flow of information and capital. Cities are major nodes in the interconnected systems of information and money, and the wealth that they capture is intimately related to the specialized businesses that facilitate those flows -- financial institutions, consulting firms, accounting firms, law firms, and media organizations. Sassen points out that these flows are no longer tightly bound to national boundaries and systems of regulation; so the dynamics of the global city are dramatically different than those of the great cities of the nineteenth century Sassen 1999).
Global Cities are the foundation of the global economy so it is important to talk about the future of global cities. As a result, the question then becomes how to identify these cities, and perhaps to determine to what extent they function as global cities specifically, beyond all of the other things that they do simply as cities. Naturally this lends itself to our modern desire to develop league tables. As you can see, this is quite a few items, many of which are only tangentially related to globalization per se. In effect, many of them seek to define cities only in term of global prominence rather than functionally as related to the global economy. That’s certainly a valid way to look at it, but it raises the point that we should probably clarify what we are talking about when we talk about global cities.
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