THE GLOBAL CITY GLOBAL CITIES GLOBAL CITY Saskia Sassen (1991)'s The Global City identified in four ways: • Key locations for finance and specialized service firms, which have replaced manufacturing as the leading economic services; • Sites of production, including the production if innovations, in leading industries; • Highly cencentrated command points in the organization of the world economy; • Markets for the products and innovations GLOBALIZATION IS SPATIAL Globalization is spatial because it occurs in physical spaces. Globalization is spatial because what makes it move is the fact that it is based in places. Indicators of Globality • • • • • • ECONOMIC POWER ECONOMIC OPPURTUNITIES ECONOMIC COMPETITIVENESS CENTER OF AUTHORITY POLITICAL INFLUENCE CENTER OF HIGHER LEARN AND CULTURE ECONOMIC POWER • Determines which cities are global ECONOMIC OPPURTUNITIES • Make it attractive to talents across the world ECONOMIC COMPETITIVENESS • Criteria in market size, purchasing power of citizens, size of the middle class and potentila growth Center of Authority • State power Political Influence • Powerful political hubs exert influence on their own countries as well on international affairs. Centers of high learning and culture • A city's Intellectual influence CHALLENGES OF GLOBAL CITIES • Sites of great inequality and poverty CHALLENGES OF GLOBAL CITIES 2. Environmental Degradation CHALLENGES OF GLOBAL CITIES 3. Major Cities can be sites of major terror attacts Top 5 Liveable and sustainable cities 5th Calgary Canada Top 5 Liveable and sustainable cities 4th Osaka Japan Top 5 Liveable and sustainable cities 3rd Sydney Autralia Top 5 Liveable and sustainable cities 2nd Melbourne Australia Top 5 Liveable and sustainable cities Top 1 Schonbrunn Palace in Vienna Thank you! Group 2 Cerezo, Albert Brian Corpuz, Kristine Jen Corpuz, Maria Victoria De Vera, Briana Mae De Vera, Victor Delina, Renalou Duenas, Kenneth Chester