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Buzzing metropolises- forest of skyscrapers and train lines that zigzag on top of each other
Globalization is SPATIAL
Because it occurs in physical spaces
-Foreign investments and capital move through a city.
-More poor people are driven out of city centers to make way for the new developments.
Because what makes it move is the fact that it is based in places.
LOS ANGELES- Home of Hollywood
TOKYO- Sony
Cities act on globalization and globalization acts on cities.
1950- 30% of the world lived in urban areas
2014- 54%, expected by 2050 to reach 66%
Saskia Sassen(Sociologist, 1990s)- popularized the term “global city”/ global economy has change
New York, London, Tokyo- hubs of global finance and capitalism/ world’s top stock exchange
New York- NEW YORK STOCK EXCHANGE (NYSE) $19, 300 BILLION [value of shares]
London – FINANCIAL TIMES STOCK EXCHANGE (FTSE)
Tokyo- NIKKEI
PHILIPPINE STOCK EXCHANGE - $231.3 BILLION
LOS ANGELES- rival the Big Apple’s cultural influence/ central of film industry
SAN FRANCISCO- another global City/ home of the most powerful internet companies (Facebook, Twitter, Google)
Growth of Chinese Economy- turned Shanghai, Beijing, Guangzhou into centers of trade and finance.
Reopened- SHANGHAI STOCK EXCHANGE (1990)- 5th largest stock market in the world
“Global”- they are great place to live in.
Australia, Sydney- commands the greatest proportion of capital.
Melbourne- Sydney’s rival “global city”/ as the world’s “most livable city”- a place w/ good public transportation…
ECONOMIC POWER- foremost characteristic of global city
New York- have the largest Stock Market
Tokyo- most number of corporate headquarters(613 company headquarters/ 217 in New York)
Shanghai- smaller stock market compared to New York and Tokyo, but plays a critical role in the global economy
- World’s busiest container port- 33million container units in 2013
China- Manufacturing center of the world
Top IT Programmers and Engineers from Asia- moved to San Francisco Bay Area to become key figures in Silicon
Valley’s tech.
LONDON- preferred destination for many Filipinos with nursing degrees.
ECONOMIST INTELLIGENCE UNIT- measures the economic competitiveness of a city
Market size, purchasing power of citizens, size of the middle class, potential for growth
Singapore “tiny”- Asia’s most Competitive City/ strong market, efficient and incorruptible government and
livability.
-houses the regional offices of many major global corporations.
Global cities are also centers of authority/ centers of higher learning and culture.
Washington D.C.- not be as wealthy as New York, but it is the seat of American state power.
Canberra- a sleepy town and thus is not attractive to tourists
-Australia’s political Capital- home to the country’s top politicians, bureaucrats, and policy advisors.
Cities that house major international organizations are considered centers of political influence.
New York – Headquarter of United Nations
Brussels- Headquarter of European Union
Jakarta- influential political city(capital of Indonesia)- headquarter of the ASSOCIATION OF SOUTHEAST ASIAN
NATIONS(ASEAN)
European Central Bank- oversees the Euro (European Union’s currency) is based in Frankfurt.
Books – New York, London, Paris.
Boston – Harvard University (World’s Top University)
Australia- leading English Language University
-education is Australia’s 3rd largest export
-2015- 19.2 billion Australian dollars (14 billion US dollars) for education
Copenhagen- capital of Denmark/ NOT home of major stock market, population is rather homogenous
-one of the culinary capitals of the world/ birthplace of “New Nordic” cuisine
Manchester, England (1980s)- dreary, industrial city
Southeast Asia, Singapore- cultural hub for the region
Region’s Top Television- MTV Southeast Asia, Channel News Asia)
Philippine & Thailand- art galleries & cinemas
- It is easier to watch the movie of Filipino indie filmmaker in Singapore than in Manila
“Empire State of Mind”- Jay Z & Alicia Key/ “New York, New York”- Frank Sinatra’s
-“a concrete jungle where dreams are made of” Alicia Keys
Berlin & Tokyo- Best Turkish food
Manila is not very global because of dearth of foreign residents/ Singapore is, 38% of foreign population
Global cities great inequality and poverty, create winners and losers
“PATHOLOGIES”- research of Chicago Council on Global Affairs
Richard Florida- Cities can be sustainable because of their density’ “Ecologists have found that by
concentrating their popu…”
Cities w/ extensive public transportation systems, people tend to drive less and thereby cut carbon emissions.
Singapore & Tokyo- low per capita carbon footprints
Los Angeles- Urban sprawls, massive freeways/ residents force to spend money on cars and gas.
Manila, Bangkok, Mumbai- lack of public transportation, government’s inability to regulate car
industries
Urban areas consume most of the world’s energy.
- 2% of landmass consumed 78% of global energy
“Vertical Farms” (as a solution)- abandoned buildings
- If more food can be grown w/ less water in denser spaces, cities will begin to be greener.
Terror Attacks- high population, attractive to workers and migrants.
- 9/11 attacks- down twin towers of the WORL TRADE CENTER of New York
- November 2015- attack Paris by zealot of the Islamic State of Iraq and the Levant(ISIL)
- Istanbul & Manila- carries Donald Trump name
Scandinavia- mitigate inequality
Mumbai, Jakarta, Manila- gleaming buildings alongside massive shantytowns
New York & San Francisco- occupied by African-American
Gentrification- driving out the poor in favor of newer, wealthier residents
- Australian cities- poor aboriginal Australians
- France- poor Muslims migrants, clustered around ethnic enclaves known as BANLIEUE
New York- high-rolling American investment bankers- childrens are raised by Filipina maids
The best of globalization; they are places that create exciting fusions of culture and ideas