Saskia Sassen | Global Cities (copy)

Globalization

The process of increasing interconnectedness and interdependence among countries through the exchange of goods, services, information, and ideas.

Intermediation

The act of connecting or mediating between two parties or entities in a transaction or process.

Global city

A city that plays a significant role in the global economic system, serving as a hub for international business, finance, culture, and innovation.

Specialized knowledge

Expertise or information that is specific to a particular field, industry, or area of study.

Mergers and acquisitions

The consolidation of two or more companies through various financial transactions, such as mergers (combining two companies into one) or acquisitions (one company purchasing another).

Networked knowledge

Knowledge that is shared and exchanged through interconnected networks, often facilitated by technology and communication systems.

Economic function

The role or purpose that a city or entity serves in the economic system, such as generating income, facilitating trade, or providing employment opportunities.

Replication

Process of producing and distributing goods or services across different countries, allowing companies to expand their operations and reach a global market.