World Cities - Nature, character and spatial distribution
The emergence of the global (or world) city reflects the internationalisation of economic activity and a spatially dispersed but globally integrated organization of production and consumption. Only a few major cities are able to exercise global control, e.g. London, New York, and Tokyo (predominantly in developed countries)
There are three dominant world cities that are the leaders in the global financial market as well as having other important global functions. They are New York, London and Tokyo. Two cities that have a major importance for the regions in which they are located are Los Angeles (Pacific Rim) and Frankfurt (western Europe). The other world cities on the map shown here are important hubs serving their localities.
The Global City - Saskia Sassen
There are three dominant world cities that are the leaders in the global financial market as well as having other important global functions. They are New York, London and Tokyo. Two cities that have a major importance for the regions in which they are located are Los Angeles (Pacific Rim) and Frankfurt (western Europe). The other world cities on the map shown here are important hubs serving their localities.
The Global City - Saskia Sassen