The Global City

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A global city is a city that has a significant influence on the global

economic, cultural, and political landscape. These cities are


typically centers of international finance, business, and trade, and
they often serve as hubs for transportation and communication
networks.
Three key attributes that define global cities include:
(1) the availability of advanced producer services (APS) to
facilitate the operations of MNEs,
(2) a cosmopolitan milieu that emanates from its founding
conditions and continued development as a high status location,
and
(3) a high degree of interconnectedness to local and global
markets.
Importance of global cities
A global city is a city that has a significant influence on the global
economic, cultural, and political landscape. These cities are
typically centers of international finance, business, and trade, and
they often serve as hubs for transportation and communication
networks.
Examples of global cities
Early research on global cities concentrated on key urban centres
such as London, New York City, and Tokyo. With time, however,
research has been completed on emerging global cities outside of
this triad, such as Amsterdam, Frankfurt, Houston, Los Angeles,
Mexico City, Paris, São Paulo, Sydney, and Zürich.Sep 21, 2023
Bonifacio Global City (also known as BGC, Global City, or The
Fort) is a financial business district in Taguig, Metro,
Bonifacio Global City (also known as BGC, Global City, or The
Fort) is a financial business district in Taguig, Metro Manila,
Philippines. It is located 11 kilometers (6.8 mi) southeast of the
capital city of Manila. The district experienced commercial growth
following the sale of a 440 ha (1,100 acres) military base at Fort
Bonifacio by the Bases Conversion and Development
Authority (BCDA). The entire district used to be the part of the
main Philippine Army camp.[3]
It is under the administration of the city government
of Taguig although the local governments
of Makati and Pateros also claim jurisdiction. It is part of
Taguig's barangay Fort Bonifacio; prior to the creation of the
barangay in 2008, it was part of barangay Western Bicutan. It is
also claimed by Makati as part of its barangays Post Proper
Northside and Post Proper Southside.
On February 7, 1995, Bonifacio Land Corporation (BLC) started
planning a major urban development—Bonifacio Global City. BLC
made a successful bid to become BCDA's partner in the
development of the district. The Ayala Corporation through Ayala
Land, Inc., and Evergreen Holdings, Inc. of the Campos Group
purchased a controlling stake in BLC from Metro Pacific in 2003.
BCDA and the two companies now control Fort Bonifacio
Development Corporation, which oversees the master planning of
Bonifacio Global City.
During the American colonial period, the US government
acquired a 25.78-square-kilometer (9.95 sq mi) property within
what was then disputed area between Makati, Taguig and
Pateros for military purposes. This area (TCT dated 1902) was
turned into a camp then known as Fort William McKinley after the
25th US president, William McKinley. After the Philippines gained
its political independence from the United States on July 4, 1946,
the US bestowed to the Republic of the Philippines all rights of
possession, jurisdiction, supervision, and control over the
Philippine territory except the use of their military bases. On May
14, 1949, Fort McKinley was turned over to the Philippine
government by virtue of US Embassy Note No. 0570.[4]
Under the Armed Forces of the Philippines leadership of Gen.
Alfonso Arellano, Fort McKinley was made the permanent
headquarters of the Philippine Army in 1957 and was
subsequently renamed Fort Bonifacio,[5] after the Father of the
Philippine Revolution against Spain, Andrés Bonifacio, whose
father, Santiago Bonifacio, was a native of Taguig.
LANDMARKS at BGC
1. Philippine Stock Exchange, the Shangri-La at the Fort,
Manila and Ascott Bonifacio Global City Manila
2. Grand Central Park is a 10-hectare (25-acre) New York-
inspired mixed-use development
3. The Forbes Town Center[27] is Megaworld's 5-hectare (12-
acre) township community,
4. Uptown Bonifacio[31] is a 15-hectare (37-acre) property
located in the northern district of Fort Bonifacio. In recent
years, Megaworld Corporation[32] launched new residential
condominiums in the area, namely Uptown Parksuites,
5. St. Luke's Medical Center – Global City is a hospital at
the Bonifacio Global City in Taguig, Metro
Manila, Philippines. It is the sister facility of the hospital of \
the same name in Quezon City. Both are affiliated with the
Episcopal Church of the Philippines.[1]
6. Bonifacio Transport Corporation maintains bus routes (BGC
Bus) serving the business district, as well as jeepneys, mini-
buses, city buses, and UV Express, with a terminal located
at the Market! Market! shopping mall and Uptown Bonifacio
Transport Terminal.

TOP GLOBAL CITIES IN THE WORLD


1. London. As the “capital of capitals” deftly negotiates the
uncharted, perilous terrain of a post-Brexit and pandemic
world, it does so atop our ranking for the ninth straight
year. ...
2. Paris. ...
3. New York. ...
4. Tokyo. ...
5. Singapore. ...
6. Dubai. ...
7. San Francisco. ...
8. Barcelona

Top 10: The largest cities in the world

1. 1. Tokyo, Japan - 37.4 million people, the


largest city on Earth

2. Delhi, India - 29.3 million people Pollution from


roads and industry is also a big problem in Delhi, estimated
50 per cent of the population live in sub-standard
accommodation.

3. Shanghai, China - 26.3 million people, the


biggest city in China, and one of the largest in the world.

4. São Paulo, Brazil - 21.8 million people, A place


where extreme poverty meets great wealth, with the
biggest skyscrapers of the financial district towering over the
slums of the city, known as the favelas.

5. Mexico City, Mexico - 21.6 million people, sits


high on the plateau known as the Valley of Mexico, 2,240m
above sea level, and is the oldest capital city in the Americas.

6. Cairo, Egypt - 20.4 million people, is probably


best known as the home of one of the ancient wonders of the
world; the ancient Egyptian Giza pyramid complex. It is also
home to 11 per cent of the population of Egypt.

7. Dhaka, Bangladesh - 20.2 million people home


to the government of Bangladesh, as well as historic buildings
such as the Nimtali Palace and the Lalbagh Fort.

8. Mumbai, India - 20.1 million people, home to


the Indian film industry (Bollywood), known around the world
for its vibrant movies and musical numbers.

9. Beijing, China - 19.4 million people one of the


oldest cities in the world, and is also home to most of the
country's biggest businesses.

10. Osaka, Japan - 19.2 million people, famed for


its food culture and modern architecture, making this popular
with tourists.

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