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    Kai
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    Globalization occurs in physical spaces as seen through foreign investments and multinational companies building infrastructure in cities. The proportion of the world's population living in urban areas has increased from 30% in 1950 to over 50% currently and is expected to reach 66% by 2050, demonstrating the increasing importance of cities. Sociologist Saskia Sassen popularized the term "global city" in the 1990s to describe cities like New York, London, and Tokyo that dominate the global economy and finance according to metrics like stock exchanges.

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    Globalization occurs in physical spaces as seen through foreign investments and multinational companies building infrastructure in cities. The proportion of the world's population living in urban areas has increased from 30% in 1950 to over 50% currently and is expected to reach 66% by 2050, demonstrating the increasing importance of cities. Sociologist Saskia Sassen popularized the term "global city" in the 1990s to describe cities like New York, London, and Tokyo that dominate the global economy and finance according to metrics like stock exchanges.

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    83 views6 pages

    Why Study Global Cities

    Uploaded by

    Kai
    Globalization occurs in physical spaces as seen through foreign investments and multinational companies building infrastructure in cities. The proportion of the world's population living in urban areas has increased from 30% in 1950 to over 50% currently and is expected to reach 66% by 2050, demonstrating the increasing importance of cities. Sociologist Saskia Sassen popularized the term "global city" in the 1990s to describe cities like New York, London, and Tokyo that dominate the global economy and finance according to metrics like stock exchanges.

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    Why Study Global

    Cities?
    Globalization is SPATIAL because:
     It occurs in physical spaces. You can see
    it when foreign investments and capital
    move through a city, and when companies
    build skyscrapers.
     What makes it move is the fact that it is
    based in places.
    1950 – 30% of the world lived
    in urban areas
    2014 – that number increased
    to 54%
    2050 – expected to reach 66%
    Defining the
    Global City
    Saskia Sassen
     Popularized the term
    “global city” in the
    1990’s.
     Her criteria for what
    constitutes a global
    city were primarily
    economic.
    3 global cities according to Sassen:
    New York
    - New York Stock Exchange (NYSE)
    London
    - Financial Times Stock Exchange (FTSE)
    Tokyo
    - Nikkei

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