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Global city

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City important to the world economy
"World city" redirects here. For hypothetical planetwide cities, seeEcumenopolis. For other uses, seeWorld city (disambiguation).

New York City (top) andLondon (bottom) are the only two cities ranked in theAlpha ++ category by theGlobalization and World Cities Research Network.Both cities are considered leadingfinancial, commercial, and cultural centers.

Aglobal city (also known as apower city,world city,alpha city, orworld center) is acity that serves as a primary node in theglobal economic network. The concept originates fromgeography andurban studies, based on the thesis thatglobalization has created a hierarchy of strategicgeographic locations with varying degrees of influence overfinance,trade, andculture worldwide.[1][2][3] The global city represents the most complex and significant hub within the international system, characterized by links binding it to other cities that have direct, tangible effects on globalsocioeconomic affairs.[4]

The criteria of a global city vary depending on the source.[5] Common features include a high degree ofurban development, a large population, the presence of majormultinational companies, a significant and globalizedfinancial sector, a well-developed and internationally linkedtransportation infrastructure, local or national economic dominance, high quality educational andresearch institutions, and a globally influential output of ideas, innovations, or cultural products. Global city rankings are numerous.[6]New York City,London,Tokyo, andParis are the most commonly mentioned.[7][8]

Origin and terminology

The term 'global city' was popularized bysociologistSaskia Sassen in her 1991 book,The Global City: New York, London, Tokyo.[9] Before then, other terms were used for urban centers with roughly the same features. The term 'world city', meaning a city heavily involved in global trade, appeared in a May 1886 description ofLiverpool, byThe Illustrated London News;[10] British sociologist andgeographerPatrick Geddes used the term in 1915.[11] The term 'megacity' entered common use in the late 19th or early 20th century, the earliest known example being a publication by theUniversity of Texas in 1904.[12] In the 21st century, the terms are usually focused on a city'sfinancial power andhigh technology infrastructure.[13][14]

Criteria

Manhattan, the core area ofNew York City, an Alpha++ global city, where there are several characteristic elements of global cities[15] like worldwide influential economic (New York Stock Exchange) and cultural (Broadway) centers, headquarters of international political organizations (UN headquarters), world renowned museums (the Met Museum,MOMA,Guggenheim Museum), and worldwide-known landmarks (Times Square,Empire State Building,Central Park)

Competing groups have devised competing means to classify and rank world cities and to distinguish them from other cities.[11] Although there is a consensus on the leading world cities,[16] the chosen criteria affect which other cities are included.[11] Selection criteria may be based on a yardstick value (e.g., if the producer-service sector is the largest sector then cityX is a world city)[11] or on an imminent determination (if the producer-service sector of cityX is greater than the combined producer-service sectors ofN other cities then cityX is a world city.)[11] Although criteria are variable and fluid, typical characteristics of world cities include:[17]

Rankings

GaWC World Cities

Main article:Globalization and World Cities Research Network

TheGlobalization and World Cities Research Network (GaWC) is a Britishthink tank that studies the relationships between world cities in the context ofglobalization. It is based in thegeography department ofLoughborough University inLeicestershire, United Kingdom. GaWC was founded byPeter J. Taylor in 1998.[20] Together with Jon Beaverstock andRichard G. Smith, they create the GaWC's biennial categorization of world cities into "Alpha", "Beta" and "Gamma" tiers. The three tiers are further divided into subgroupings using plus and minus signs. The categorization is based upon the author's views of "international connectedness", primarily shown through a regions advanced services firms, such as in accountancy, finance and law).[21] Primarily concerned with what it calls the "advanced producer services" of accountancy, advertising, banking/finance, and law, the cities in the top two classifications in the 2024 edition are:[22]

Alpha ++

Alpha +

Global Cities Index (Kearney)

In 2008, the American journalForeign Policy, working with the consulting firmA.T. Kearney and theChicago Council on Global Affairs, published a ranking of global cities based on consultation withSaskia Sassen,Witold Rybczynski, and others.[23][24] The ranking is based on 27 metrics across five dimensions: business activity,human capital, information exchange, cultural experience, and political engagement.[25] The top ranked cities in 2024 are:[26]

  1. United StatesNew York City
  2. United KingdomLondon
  3. FranceParis
  4. JapanTokyo
  5. SingaporeSingapore
  6. ChinaBeijing
  7. United StatesLos Angeles
  8. ChinaShanghai
  9. Hong KongHong Kong
  10. United StatesChicago

Global Cities Index (Oxford Economics)

Advisory firmOxford Economics ranks the world's largest 1,000 cities based on 27 indicators across five categories (economics,human capital,quality of life, environment, andgovernance) with more weight on economic factors. The top ranked cities in 2025 are:[27]

  1. United StatesNew York City
  2. United KingdomLondon
  3. FranceParis
  4. United StatesSan Jose
  5. United StatesSeattle
  6. AustraliaMelbourne
  7. AustraliaSydney
  8. United StatesBoston
  9. JapanTokyo
  10. United StatesSan Francisco

Global Power City Index

The Tokyo-based Institute for Urban Strategies at The Mori Memorial Foundation, issued a study of global cities in 2008. They are ranked in six categories: economy, research and development, cultural interaction,livability, environment, and accessibility. The top 10 cities in 2024 are:[28]

  1. United KingdomLondon
  2. United StatesNew York City
  3. JapanTokyo
  4. FranceParis
  5. SingaporeSingapore
  6. South KoreaSeoul
  7. NetherlandsAmsterdam
  8. United Arab EmiratesDubai
  9. GermanyBerlin
  10. SpainMadrid

World's Best Cities ranking

Consultancy firm Resonance publishes the World's Best Cities ranking. They are ranked in three categories: livability, lovability and prosperity, each of them using different factors. The top 10 cities in 2025 are:[29]

  1. United KingdomLondon
  2. United StatesNew York City
  3. FranceParis
  4. JapanTokyo
  5. SingaporeSingapore
  6. ItalyRome
  7. SpainMadrid
  8. SpainBarcelona
  9. GermanyBerlin
  10. AustraliaSydney

Global Financial Centres Index

This section is an excerpt fromGlobal Financial Centres Index.[edit]
TheGlobal Financial Centres Index (GFCI) ranks the competitiveness offinancial centres based on over 29,000 assessments from an online questionnaire and over 100 indices from organisations such as theWorld Bank, theOrganisation for Economic Co-operation and Development (OECD), and theEconomist Intelligence Unit.[30] It was first published in March 2007. It has been jointly published twice per year by theLondon-based think tankZ/Yen and theChina Development Institute since 2015.[31] It is widely quoted as a top source for ranking financial centres.[32][33][34]

The 2025 ranking was:

  1. United StatesNew York City
  2. United KingdomLondon
  3. Hong KongHong Kong
  4. SingaporeSingapore
  5. United StatesSan Francisco
  6. United StatesChicago
  7. United StatesLos Angeles
  8. ChinaShanghai
  9. ChinaShenzhen
  10. South KoreaSeoul

See also

References

  1. ^Lenormand, Maxime; Gonçalves, Bruno; Tugores, Antònia; Ramasco, José J. (2015)."Human diffusion and city influence".Journal of the Royal Society Interface.12 (109): 20150473.doi:10.1098/rsif.2015.0473.PMC 4535413.PMID 26179991.
  2. ^Lin, Jan (2012). "World Cities".The Wiley-Blackwell Encyclopedia of Globalization.doi:10.1002/9780470670590.wbeog820.ISBN 9780470670590.
  3. ^Pain, Kathy (2017). "World Cities".International Encyclopedia of Geography:1–9.doi:10.1002/9781118786352.wbieg0525.ISBN 9781118786352.
  4. ^Sassen, Saskia (July 2001)."The global city: strategic site/new frontier".Seminar Magazine. No. 503.Archived from the original on 18 October 2006.
  5. ^"global city".Britannica.Archived from the original on 20 October 2022. Retrieved20 October 2022.
  6. ^"Decoding City Performance".Jll.co.uk. 2 April 2019.Archived from the original on 16 October 2019. Retrieved16 October 2019.
  7. ^"Struggling Giants". University of Minnesota Press.Archived from the original on 17 January 2021. Retrieved31 December 2020.
  8. ^Abrahamson, Mark (2004).Global cities(PDF) (1st ed.). New York: Oxford University Press. p. 4.ISBN 978-0195142044.Archived(PDF) from the original on 11 January 2021. Retrieved9 January 2021.
  9. ^Sassen, Saskia.The Global City: New York, London, Tokyo. 1991.Princeton University Press.ISBN 0-691-07063-6.Archived 16 March 2015 at theWayback Machine.
  10. ^Belchem, John (18 December 2009)."The Empire in One City? Liverpool's Inconvenient Imperial Past". Reviews in History.Archived from the original on 23 June 2012. Retrieved9 May 2012.
  11. ^abcdeDoel, M., & Hubbard, P., (2002), "Taking World Cities Literally: Marketing the City in a Global Space of flows",City, vol. 6, no. 3, pp. 351–368. Subscription required.
  12. ^Hemisfile: Perspectives on Political and Economic Trends in the Americas. Institute of the Americas. 1994.
  13. ^"Asian Cities Pay Hidden Price for Global Status".The Diplomat. 15 February 2015.Archived from the original on 1 February 2016. Retrieved25 January 2016.
  14. ^"The World's Most Influential Cities".Forbes. 14 August 2014.Archived from the original on 5 September 2017. Retrieved29 August 2017.
  15. ^"What are the characteristics of world cities and megacities, and how has their distribution changed since 1950? – HBK Portal".Archived from the original on 17 November 2022. Retrieved17 November 2022.
  16. ^GaWC Research Bulletin 5Archived 8 August 2011 at theWayback Machine, GaWC,Loughborough University, 28 July 1999
  17. ^Pashley, Rosemary. "HSC Geography". Pascal Press, 2000, p.164
  18. ^J.V. Beaverstock,World City Networks 'From Below'Archived 8 March 2006 at theWayback Machine, GaWC, Loughborough University, 29 September 2010
  19. ^K. O'Connor,International Students and Global CitiesArchived 5 February 2006 at theWayback Machine, GaWC, Loughborough University, 17 February 2005
  20. ^Taylor, Peter J. (2004).World city network: a global urban analysis. Routledge. p. ix.ISBN 0-415-30249-8. Retrieved10 October 2010.
  21. ^Donald, Stephanie; Gammack, John G. (2007).Tourism and the branded city. London:Ashgate Publishing. p. 23.ISBN 978-0-7546-4829-1.Archived from the original on 30 June 2023. Retrieved10 October 2010.
  22. ^"World Cities 2024".GaWC. Retrieved1 November 2024.
  23. ^"2012 Global Cities Index and Emerging Cities Outlook". Archived fromthe original(PDF) on 20 October 2013. Retrieved9 May 2012.
  24. ^"The 2008 Global Cities Index".Foreign Policy (November/December 2008). 21 October 2008. Archived fromthe original on 7 January 2010. Retrieved31 October 2008.
  25. ^"Read @ATKearney: Una Cuestión de Talento: Cómo el Capital Humano Determinará los Próximos Líderes Mundiales".Atkearney.com.Archived from the original on 20 December 2019. Retrieved16 October 2019.
  26. ^"Resurgent in a world at risk: 2024 Global Cities Report".Kearney.
  27. ^Kelly, Liv (21 May 2025)."Global Cities Index 2025: Which cities topped the ranking this year?".Time Out Worldwide. Retrieved22 May 2025.
  28. ^"Global Power City Index 2024".The Mori Memorial Foundation. Retrieved15 May 2025.
  29. ^"Resonance: World's Best Cities". Retrieved31 May 2025.
  30. ^Jones, Huw (24 March 2022)."New York widens lead over London in top finance centres index".Reuters.Archived from the original on 8 October 2022. Retrieved10 September 2022.Rankings are based on surveys and 150 factors, with quantitative measures from the World Bank, The Economist Intelligence Unit, the OECD and United Nations.
  31. ^Yeandle, Mark (September 2016)."The Global Financial Centres Index 20".Long Finance.Archived from the original on 18 July 2023.
  32. ^Yoshio Okubo (October 2014)."Comparison of Global Financial Center"(PDF).Harvard Law School, Program on International Financial Systems, Japan-U.S. Symposium. Archived fromthe original on 30 May 2015. Retrieved30 May 2015.
  33. ^Glover, John (17 March 2014)."New York Strips London of Mantle as World's Top Financial Center". Bloomberg L.P.Archived from the original on 9 June 2015. Retrieved30 May 2015.
  34. ^Pooler, Michael (1 October 2014)."New York and London vie for crown of world's top financial centre". The Financial Times.Archived from the original on 2 October 2014. Retrieved24 May 2015.
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