Global Cities, business and finance homework help

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Business Finance

Description

Read the article, “The Problem with Being Global,” and answer the following in 250-350 words:

  • How can a global city accommodate both the global and local identity?
  • What are two needs of local residents that should not be ignored and why?
  • Explain two or three consequences that may occur if a global city exiled the middle and working class?

Article is here: http://www.forbes.com/sites/joelkotkin/2014/08/23/...

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Explanation & Answer

Attached.

Running head: GLOBAL CITIES

1

Global Cities
Institution Affiliation
Date

GLOBAL CITIES

2

How can a global city accommodate both the global and local identity?

A global city is also known as a world center and is seen to be a crucial junction in the
world economic system (Derudder, 2012). When cities are globalized, most of their residents are
faced with potential challenges created by the emergence of competition from immigrant
employees and foreign wealth. Therefore, global cities should hence have policies that regulate
costs of housing and prioritize the employment of their residents so as to accommodate both the
foreign and local workers. This hence reduces the imbalance involved during their...


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