14 Questions
Who coined the term 'global city'?
Saskia Sassen
According to Saskia Sassen, what are the key locations for finance and specialized service firms in global cities?
Highly concentrated command points
What supported the rise of global cities according to Saskia Sassen?
Rise and expansion of Transnational Corporation (TNCs)
According to Saskia Sassen, what is a key factor feeding the growth and importance of central corporate functions in global cities?
Geographic dispersal of economic activities
What did Saskia Sassen identify as key attributes of a global city model?
Geographic concentration of economic activities
In which book did Saskia Sassen identify global cities and their attributes?
The Global City
What is a key characteristic of global cities according to the text?
Variety of international financial services
What is a legacy of certain cities that gives them a first mover advantage in global interaction?
Global orientation due to location, size, and history
What is a determinant of a metro area’s ability to succeed in global markets according to the text?
Culture of knowledge and innovation
What do specialized global firms engaged in globalized markets benefit from according to the text?
Agglomeration economies
What do metro areas that are appealing, open, and opportunity-rich serve as according to the text?
Magnets for attracting people and f...
What is a common characteristic of globally fluent metro areas based on the text?
Local leadership networks with a global outlook
What is a standard characteristic of world cities according to the text?
Variety of international financial services
What is a key factor supporting the rise of global cities based on the text?
Growing in formalization of economic activities such as production and distribution including services
Study Notes
Concept of Global Cities
- The term "global city" was coined by Saskia Sassen.
Characteristics of Global Cities
- Key locations for finance and specialized service firms in global cities include major cities such as New York, London, and Tokyo.
- Global cities are supported by advances in telecommunications and the growth of global markets.
Rise of Global Cities
- The rise of global cities is supported by the growth of global markets, advances in telecommunications, and government deregulation.
Key Attributes of Global Cities
- A key attribute of a global city model includes the presence of central corporate functions, including top-level decision-making and specialized services.
- Global cities are characterized by a strong presence of specialized global firms engaged in globalized markets.
- Saskia Sassen identified these attributes in her book.
Key Characteristics of Global Cities
- A key characteristic of global cities is their ability to attract and retain top-level corporate functions and specialized services.
- Legacy cities, with their established reputation and infrastructure, have a first-mover advantage in global interactions.
- A determinant of a metro area's ability to succeed in global markets is its ability to offer a favorable business climate, advanced telecommunications, and highly skilled labor.
- Specialized global firms benefit from the agglomeration of similar firms and specialized services in global cities.
- Appealing, open, and opportunity-rich metro areas serve as hubs for global interaction and exchange.
- Globally fluent metro areas are characterized by their ability to attract and retain top-level corporate functions and specialized services.
- A standard characteristic of world cities is their ability to function as hubs for global interaction and exchange.
- The growth of global markets and advances in telecommunications support the rise of global cities.
Test your knowledge on global cities and the concept of global city coined by Saskia Sassen, focusing on their competitive advantages and role within the globalized economic system.
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