Access over 20 million homework & study documents

Monday, March 12 2018

Content type
User Generated
Rating
Showing Page:
1/5
World Cities
- A hierarchy of cities spanning across the world, with three cities at the top
- New York
- London
- Tokyo
- Central Place Theory
- Small village fed into small towns which which fed into small cities which fed in
larger cities.
What is a world city?
- A place where the work of globalisation gets done
- Where capital is exchanged, it can be as concrete as a production plan or as
abstract as something on a balance sheet. The point is where the decision of
where to put that capital are made in these downtown canyons of world cities.
Why have world cities emerged?:
1) Corporatisation and decision making:
- Firms are getting bigger and bigger, and the increasing size makes them more difficult to
manage.
- Over 20th and 21st centuries firms have become larger, requiring increasingly
specialized information.
- That information to companies is provided by “producer services” (eg advertisers,
lawyers, accountants, architects).

Sign up to view the full document!

lock_open Sign Up
Showing Page:
2/5
- Producer services found in large (information-rich) cities. The larger the city, the more
information available for corporate decision-making.
- World cities are becoming a container of information produced by these “producer
services” and this is exactly what corporations want.
Internationalisation of production:
- Last 30 years, rapid and pervasive internationalisation of business (MNCs and TNCs).
- Driven by:
- Cheap global labour
- Improvements in communication/transportation technology (“annihilation of space
by time”) facilitated such moves and this partly gives them access to those
changes.
Inside the World City:
What processes are typically found across Global Northern cities:
- Emblematic of a whole series of process that we see across urban sites in the Global
North
- knowledge-based jobs / creative class
- decline of manufacturing / deindustrialisation
- gentrification (professional classes taking over residential districts formerly occupied by
the working class).
- informal sector (unregulated by the state)
- social polarization (“urban underclass”)
- Increasing divergence in terms of wealth and income

Sign up to view the full document!

lock_open Sign Up
Showing Page:
3/5

Sign up to view the full document!

lock_open Sign Up
End of Preview - Want to read all 5 pages?
Access Now
Unformatted Attachment Preview
World Cities - - A hierarchy of cities spanning across the world, with three cities at the top - New York - London - Tokyo Central Place Theory - Small village fed into small towns which which fed into small cities which fed in larger cities. What is a world city? - A place where the work of globalisation gets done - Where capital is exchanged, it can be as concrete as a production plan or as abstract as something on a balance sheet. The point is where the decision of where to put that capital are made in these downtown canyons of world cities. Why have world cities emerged?: 1) Corporatisation and decision making: - Firms are getting bigger and bigger, and the increasing size makes them more difficult to manage. - Over 20th and 21st centuries firms have become larger, requiring increasingly specialized information. - That information to companies is provided by “producer services” (eg advertisers, lawyers, accountants, architects). - Producer services found in large (information-rich) cities. The larger the city, the more information available for corporate decision-making. - World cities are becoming a container of information produced by these “producer services” and this is exactly what corporations want. Internationalisation of production: - Last 30 years, rapid and pervasive internationalisation of business (MNCs and TNCs). - Driven by: - Cheap global labour - Improvements in communication/transportation technology (“annihilation ...
Purchase document to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Anonymous
Just what I needed. Studypool is a lifesaver!

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4