Question

In: Economics

1. What is Global City? 2. What did you understand best? How does this relate to...

1. What is Global City?

2. What did you understand best? How does this relate to what you already learned in class?

3. What questions do you still have about what you learned? How would you find more information (resources)?

4. Reflection: Describe the learning process or environment. Briefly summarize key concepts, terms or ideas. Describe how you felt about the lesson, class, or activity today.

Solutions

Expert Solution

  • Answer 1: A focus on practices, expansions and production process into the analysis of economic globlization tend to changes. Then hypermobility of capital and the power of transnational attract the global economic activitiee. So for the trading or main business, acting as centres, reffered as global cities Preferably head quarter locations.

Global cities are the denationalisation of economy and culture, a transfers of power and influence from national states to global markets and global taste makers.  

Answer2: Through this topic we understood the influence of global transactions over the economic conditions within or outside the boundaries.

The major role of TNCs global cities are global services centre specialising in advanced producers services such as finance, banking, management, accounting, consultansy, law and advertising.

Answer3: Questions to be learned

  • Functioning of global areas
  • What are the effect of global cities over business centres?
  • What are the factors for enhancing the global cities?

Sources:1 by watching business news channel

2 studying business news journals


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