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Globalization - ✔✔Globalization is a term used to describe how trade and
technology have made the world into a more connected and
interdependent place.
3 types of globalization - ✔✔economic, cultural and political
19th to mid-20th century was the first era of - ✔✔economic globalization
World City concept was first coined to describe large commodity trade
centers like - ✔✔Rome and Paris
First study of modern cities was by - ✔✔the British Geographer Peter Hall
in 1966
Referred to World cities as - ✔✔the Great metropolitan center's of the world
Post-World War II (e.g., 50s, 60s) saw the rapid development of -
✔✔multinational corporations
World cities became known as the gathering place of - ✔✔global capital
and the place to organize and control the production system
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, In 1991, Sassen introduced the concept of a "global city" in the book -
✔✔The Global City: New York, London, Tokyo
Sassen's global city arguments had - ✔✔7 hypotheses
The 7 hypotheses are - ✔✔Hypothesis 1: Geographic dispersal and
simultaneous integration. Hypothesis 2: Outsourcing by large global firms.
Hypothesis 3: Agglomeration economies of specialized firms. Hypothesis 4:
Headquarters are free to locate anywhere.
Hypothesis 5: Global networks and markets for specialized services.
Hypothesis 6 & 7:
Several predictions suggested that cities will lose their value because of
globalization, however. Conceptualizing the city as production sites also
points to ALL the firms and jobs necessary to run the globalized sectors.
Gentrification or Exclusion through Displacement - what is it? - ✔✔"a
process of neighborhood change that includes economic change in a
historically disinvested neighborhood —by means of real estate investment
and new higher-income residents moving in - as well as demographic
change - not only in terms of income level, but also in terms of changes in
the education level or racial make-up of residents."
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