Sassen covered specifically New York, London, and Tokyo in her book, but there are many more global cities than this. In this world then, a global city is a significant production point of specialized financial and producer services that make the globalized economy run. Because specialized talent and firms related to different specialties can cluster in different cities, this means that there are actually a quite a few of these specialized production nodes, because they don’t necessarily directly compete with each other, having different groupings of specialties.
Thus they are subject to agglomeration economics, and tend to cluster in a limited number of cities. These services are often complex and require highly specialized skills. These complex, globalized production networks require new forms of financial and producer services to manage them. In short form, in the age of globalization, the activities of production are scattered on a global basis. She gave a definition that has long struck with me. Saskia Sassen literally wrote the book on global cities back in 2001 (though her global cities work dates back well over a decade prior to that book). Let's take a look at the top 10 cities by Global Cities Index in 2021.We hear a lot of talk these days about so-called “global cities.” But what is a global city? The ranking of Hangzhou, Chengdu, Suzhou, Xi'an, Changsha and Jinan also went up compared to last year.Īccording to Kearney, the Global Cities Index measures how globally engaged cities are across five dimensions: business activity, human capital, information exchange, cultural experience, and political engagement. Southern cities Guangzhou and Shenzhen ranked 61 and 72, rising two and three spots, respectively. The city's ranking has increased 10 spots in the past five years. Beijing, Hong Kong and Shanghai rounded out the top 10 of the Global Cities Index, according to a report by Kearney, the US-based management consulting firm.Ĭomprised of the Global Cities Index and the Global Cities Outlook, the report released Monday offered a comprehensive analysis of 156 cities' current positions and future prospects.Īmong the 31 Chinese cities included this year, Beijing ranked sixth, and Shanghai rose two places to break into the top 10 for the first time, due to its robust business activities amid the post-pandemic era.
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