![]() ![]() ![]() There are many lists that rank cities by indicators – such as gross domestic product (GDP), GDP per capita or housing affordability. But being far from major trunk transport, communications and other infrastructure prevent them from genuinely competing. Some may be able to attract investment in production, especially where wages are very low. Most cities are not able to engage seriously in global or regional contests for corporate headquarters. Global cities play a key role in the world economy – but the playing field is increasingly unequal. When global brands cut their businesses, it is the million or so workers in Dhaka who are laid off. Dhaka is a clothes manufacturing hub for global brands yet TNCs do not have headquarters there. They are mostly among the world’s wealthy cities if not, they are at least among the wealthiest in their nation.īut the cities from where TNCs produce their goods are often not wealthy. ![]() Sassen shows how dangerously city life has been affected by the influx of employees of the multinational firms which move into major cities and virtually colonize them, riving even greater wedges between the rich and poor.What are termed ‘world’ cities or ‘global’ cities command and control the world economy, and are centres for transnational corporations (TNCs). high-powered and at times horrific book. One of Choice's Outstanding Academic Titles for 1992Ī multi-disciplinary tour de force that should be read not only by regional economists but also by urban geographers, sociologists, and planners. The most detailed and sophisticated anatomy yet published of the functioning of the new producer services sector in the global economy. Scott Lash, The Times Higher Education Supplement This is brilliant stuff, both in its broadness of sociological scope and its voluminous collection of data from a vast number of sources in the three cities. Peter Hall, International Journal of Urban and Regional Research A systematic detailed analysis of the three largest urban economies in the advanced world. ![]() Susan Fainstein, Journal of the American Planning AssociationĪ very significant book indeed. It incorporates a herculean research effort. Anthony King, NewslineĪn exciting and persuasive work. A landmark study in the political economy of cities. ![]()
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