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Sassen the global city

The Global City: New York, London, Tokyo

Publisher

Princeton University Press

Language

English

The Global City re-envisions the city as part of a transnational network of information, capital, and people. The economic might of global cities such as New York, London, and Tokyo, Sassen argues, is the result of a counterintuitive process of dispersal and centralization. On the one hand, new communication technologies allow for the dispersal of economic transactions that were once place-based; and on the other, the specialized financial agencies that coordinate and manage these transactions have become concentrated in a few global cities. This “practice of global control,” even as it creates new connections between cities far apart, has an alienating effect at the local scale: global cities tend to have limited investment in their immediate region, heightening the inequitable distribution of resources and contributing to an expanding informal economy.

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