Urban Hierarchy and Global Cities in the 21st Century

A collection of flashcards summarizing key concepts related to urban hierarchy and global cities in the 21st century.

What are global cities characterized by in the 21st century?

They occupy an important position on the global map, extending trade, markets, and capacity to attract immigration.

What does NIDL stand for?

New International Division of Labor.

What has caused the emergence of global cities?

Economic restructuring, social restructuring, and physical restructuring.

Which sectors dominate the New Economy influencing global cities?

Advanced service sectors such as banking, financial, managerial, and legal services.

What factors measure global cities today?

Seats of corporate headquarters, levels of business activity, and the presence of multinational firms.

How has urban restructuring affected older industrial cities?

It transformed cities like London and New York since the 1970s and 80s, focusing on advanced services.

What is meant by the 'physical restructuring' of global cities?

Changing urban landscapes characterized by vertical districts and left-out horizontal districts.

How have new global cities in the East developed without urban restructuring?

They engaged in image building and remaking the built environment.

What role do government policies play in urban restructuring?

They provide funding and facilitate strategies aimed at catering to firms and overcoming local opposition.

What is the significance of the location of Fortune 500 firms in global cities?

It signifies the concentration of business resources and influence in those cities.