10/18/2023 0 Comments What is a global city geography![]() World cities are the location of decision-making regionally and often nationally. specialised high-order business services - law, property, advertising, etc They decide where, when and how much production of a particular product takes place.Ĭoncentrations of national firms and large foreign firms Head quatres of TNCs - World cities are often the basis of transnational and national corporations that greatly influence the global economy, and particularly dominate world trade. leading global markets for commodities and commodity futures centre of banking, foreign exchange, investment capital, equities and bonds. ![]() major financial companies are located in world cities. all of the major stock exchanges are located in world cities, for example 'Wall Street' in New York. For example: New York, Citigroup and Chase Manhattan London, HSBC Holdings and Barclays PLC and Tokyo, Bank of Tokyo, Mitsubishi and Dai-Ichi Bank. the largest banks in the world have their headquarters located in world cities. centres for banking and other financial services. large markets for expensive, designer products and a vast range of goods and services dominate trade and the economy of surrounding areas (sometime the surrounding regional and sometimes internationally). facilities - ports, specialised cargo terminals, freight train lines, motorways. ![]() lots of production has been outsourced to developing countries. major manufacturing centres with up-to-date port facilities, e.g. Globalisation is the development of stronger links between countries and the breaking down of any existing barriers as a result of technological communication. World cities are intrinsically linked to globalisation.
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