Definition of a Global City

Definition of a Global City
Name
Institution
Definition of a Global City
A global city is an urban center that possesses vital competitive advantages. It is also a hub within a globalized commercial system. Global cities are also referred to as power cities, world cities, world centers, or alpha cities because they serve as the global economy’s central nodes. This term was coined in the 1980s when research examining the world’s most important cities’ common features was conducted. With focused attention on the globalization processes during subsequent years, their name changed from world cities to global cities.
Global cities are typically embedded and interconnected in financial networks and global production. However, th...