Global Cities: Francisco M. Largo Department of Economics University of San Carlos

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Global Cities

Francisco M. Largo Department of Economics University of San Carlos


Outline of the Discussion
• Introduction
• What are Global Cities?
• Mobility, Migration, and the Global City
• Diversity and Community in the Global City

Main Reference: Colic-Peisker (2014)


Introduction
• Global in the Local:
• Globalization’s main physical and geographic embodiment
• Global flows of people, goods, resources, ideas
• Embodies both the good and bad effects of globalization
Introduction
• Cosmopolitanism
• Diversity of people, goods, ideas, and cultures
• Capitalist context points to a cosmopolitan commercial
consumption
• Consumption is costly in resources
• Perpetuation in the Internet Age
• Networks and groups rely on geographic proximity
Introduction
• Downsides
• High costs, alienation, impersonality, social isolation
• Discrimination against migrants of certain kinds
• Key Issues:
• Diversity and community
• Mobility and community
Defining the Global City
• Historical precedents:
• “Imperial” Cities - seats of imperial power
• “Free” Cities - links in ancient trade routes
• QUIZ: Can you recall any cities in the above categories?
• “World” city
Defining the Global City
• Perspective Matters:
• The globe as the unit of analysis
• The global city transcends boundaries of nation-states
• Sassen (2005) introduces global cities as global command
centers of the world economy
Defining the Global City
• Perspective Matters:
• The globe as the unit of analysis
• The global city transcends boundaries of nation-states
• Sassen (2005) introduces global cities as global “command
centers” of the world economy
• Global financial centers
London, United
Kingdom
New York, USA
Tokyo, Japan
Defining the Global City
• New global cities have since arisen not only as financial
centers but also a producers of services that are global in
scope
• Global cities are post-industrial
• Manufacturing has been scattered across national and global
networks
• Turn from “landscapes of production” to “landscapes of
consumption”
Defining the Global City
• Apart from being financial centers, global cities are:
• Geopolitical power centers
• Cultural and trendsetting powerhouses
• Higher education hubs
• Creative Industries
• Nature of activities generates a specific labor demand:
• A professional class of knowledge workers
• Highly mobile, career minded not necessarily elites
Defining the Global City
• Nature of activities generates a specific labor demand:
• A professional class of knowledge workers
• Highly mobile, career minded not necessarily elites
• Drives “gentrification” of cities but also polarization
• Occupational and income polarization
• Highly paid professional class vs providers of low paid services
• Polarization of housing markets
• Mitigated by state action in certain areas
Defining the Global City
• Global cities are “brain hubs” and centers of a “knowledge
economy”
• Economies of scale and concentration necessary despite the
proliferation of communications technology
• Network economies and spillover effects include “thick labour
markets” in knowledge workers
• Polarization extends to differentiation by human capital (skills
and formal education)
Mori Foundation Global City Power Index (2015)
Name new global cities

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