Global City Essay Example | Topics and Well Written Essays - 500 words

Global City - Essay Example This research will begin with the statement that the term ‘Global City’ was first used by Saskia Sassen in her book of the same name to refer to London, New York, and Tokyo. Many more cities across the world have now been added to this list. The pre-conditions for a city to be considered global are, among others, size; being the location for the headquarters of financial institutions that play a central role in international financial markets and capital flows; having many important international flights in and out of its airports; being a center that attracts world-class managers and having local facilities capable of providing these managerial skills; having a highly developed system of transportation and communication; and being a global hub for cultural activities, sports, and educational pursuits. A global city would be an El Dorado sought out by many, and therefore would have thriving immigrant communities. If a truly global city sneezed, the rest of the world woul d indeed catch a cold! A global city captures â€Å"cultural imagination†, and â€Å" it would be one, people look to as portents of things to come; when you’re in one, you feel connected to the world, when you look on one from afar, you feel you’re seeing the future.† A global city, to retain its premier position in the world economy, would be under constant pressure to provide goods and services of a high quality at competitive prices.