Lesson 3-Gec 3 Contemporary World
Lesson 3-Gec 3 Contemporary World
Lesson 3-Gec 3 Contemporary World
Chapter Introduction
Nowadays, globalization occurs in places where a mass people work and live in cities.
However, for a city to achieve the title of being global, it must have values and ideas
that will have an impact in the rest of the world.
Furthermore, global city is a city that is well thought out to be an important node
in in the world’s economic system. Sassen's key concept of the global city is an
emphasis on the flow of information and capital. Cities are major nodes in the
interconnected systems of information and money, and the wealth that they capture is
intimately related to the specialized businesses that facilitate those flows -- financial
institutions, consulting firms, accounting firms, law firms, and media organizations.
Moreover, Sassen points out that these flows are no longer tightly bound to
national boundaries and systems of regulation; so the dynamics of the global city are
dramatically different than those of the great cities of the nineteenth century.
Value/Thrusts Integration
Global cities are mediums of globalization and center of development but remain sites
of inequality
Introduction:
Saskia Sassen (1991) identified only three global cities: New York, London, and Tokyo
(hubs of global capitalism).
This choice indicated that the criteria for the status of the global city were primarily
economic.
GLOBAL CITIES (Sassen, 1991) are the ‘command centers’, the main nodes of
triumphant global capitalism.
Global City vs. World City
WORLD CITY
It referred to a type of city which we have seen over the centuries in earlier
periods in Asia and in European colonial centers. In this regard, it can be said that most
of today's major global cities are also world cities, but that there may well be some
global cities today that are not world cities in the full, rich sense of that term.
GLOBAL CITY
It is a city generally considered to be an important node in the global economic
system; it is a significant production point of specialized financial and producer services
that make the globalized economy run.
Shanghai World Financial Center
World Financial Center (now officially known as Brookfield Place) New York
San Francisco is the home of the most powerful internet companies – Facebook,
Twitter, and Google.
Global City - The idea of “global city” emerged in the social science literature in the
1980s.
The concept was preceded by the idea of ‘world city’.
Through the global cities the nation-states project their significance onto the global
stage.
Global cities are the main financial centers i.e. stock exchanges and indices
New York’s Wall Street
London’s ‘Footsie’ (the informal name for
FTSE 100 Index of the largest listed
companies)
Tokyo’s Nikkei
Financial Times Stock Exchange 100 Index (FTSE)
Global cities are also at the top of the ‘urban cultural hierarchy’ in terms of cultural
innovation and ability to attract visitors.
Knowledge workers are those who acquire, manipulate, interpret, and apply
information in order to perform multidisciplinary, complex and unpredictable work. They
analyze information and apply expertise in a variety of areas to solve problems,
generate ideas, or create new products and services.
B. Global cities are also centers of authority - Washington D.C. may not be as
wealthy as New York, but it is the seat of American state power. People around the
world know its major landmarks: the White House, the Capitol Building (Congress),
the Supreme Court, the Lincoln Memorial, and the Washington Monument.
Activity/ies:
Divide yourselves into groups of five members. Then go around on different districts and
list down the different features and characteristics of each district. Note the following:
a. The kind of houses dominant in the area
b. The way the neighborhoods are organized (gated residences, open residences,
etc.)
c. The kind of occupations of the people, languages they speak and even the food
they eat.
Then make a comparison of these districts through answering the following questions:
a. The differences between these districts are quite obvious, but can cite
similarities?
b. How do these districts complement or compete each other?