Global city

Template:Use American English Template:Short description Template:Redirect Template:Pp-protected Template:Use dmy dates Template:Multiple image A global city (also known as a power city, world city, alpha city, or world center) is a city that serves as a primary node in the global economic network. The concept originates from geography and urban studies, based on the thesis that globalization has created a hierarchy of strategic geographic locations with varying degrees of influence over finance, trade, and culture worldwide.<ref>Template:Cite journal</ref><ref>Template:Cite journal</ref><ref>Template:Cite journal</ref> 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 global socioeconomic affairs.<ref name="Sass1">Template:Cite magazine</ref>

The criteria of a global city vary depending on the source.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Common features include a high degree of urban development, a large population, the presence of major multinational companies, a significant and globalized financial sector, a well-developed and internationally linked transportation infrastructure, local or national economic dominance, high quality educational and research institutions, and a globally influential output of ideas, innovations, or cultural products. Quintessential examples, based on most indices and research, include New York City, London, Paris, and Tokyo.

Origin and terminology

The term 'global city' was popularized by sociologist Saskia Sassen in her 1991 book, The Global City: New York, London, Tokyo.<ref>Sassen, Saskia. The Global City: New York, London, Tokyo. 1991. Princeton University Press. Template:ISBN. Template:Webarchive.</ref> 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 of Liverpool, by The Illustrated London News;<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> British sociologist and geographer Patrick Geddes used the term in 1915.<ref name="Doel and Hubbard">Doel, 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.</ref> The term 'megacity' entered common use in the late 19th or early 20th century, the earliest known example being a publication by the University of Texas in 1904.<ref>Template:Cite book</ref> In the 21st century, the terms are usually focused on a city's financial power and high technology infrastructure.<ref>Template:Cite news</ref><ref>Template:Cite news</ref>

Criteria

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CitationClass=web }}</ref> 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.<ref name="Doel and Hubbard" /> Although there is a consensus on the leading world cities,<ref name="GaWC 5">GaWC Research Bulletin 5 Template:Webarchive, GaWC, Loughborough University, 28 July 1999</ref> the chosen criteria affect which other cities are included.<ref name="Doel and Hubbard" /> Selection criteria may be based on a yardstick value (e.g., if the producer-service sector is the largest sector then city Template:Var is a world city)<ref name="Doel and Hubbard" /> or on an imminent determination (if the producer-service sector of city Template:Var is greater than the combined producer-service sectors of Template:Var other cities then city Template:Var is a world city.)<ref name="Doel and Hubbard" /> Although criteria are variable and fluid, typical characteristics of world cities include:<ref>Pashley, Rosemary. "HSC Geography". Pascal Press, 2000, p.164</ref>

• The most prominent criterion has been providing a variety of international financial services,<ref>J.V. Beaverstock, World City Networks 'From Below' Template:Webarchive, GaWC, Loughborough University, 29 September 2010</ref> notably in finance, insurance, real estate, banking, accountancy, and marketing; and their amalgamation of financial headquarters, a stock exchange, and other major financial institutions,
• Headquarters of numerous multinational corporations,
• Domination of the trade and economy of a large surrounding area,
• Major manufacturing centers with port and container facilities,
• Considerable decision-making power daily and at a global level,
• Centers of new ideas and innovation in business, economics, and culture,
• Centers of digital and other media and communications for global networks,
• The dominance of the national region with great international significance,
• The high percentage of residents employed in the services sector and information sector,
• High-quality educational institutions, including renowned universities and research facilities; and attracting international student attendance,<ref>K. O'Connor, International Students and Global Cities Template:Webarchive, GaWC, Loughborough University, 17 February 2005</ref>
• Multi-functional infrastructure offering some of the best legal, medical, and entertainment facilities in the country,
• High diversity in language, culture, religion, and ideologies.

Rankings

Global city rankings are numerous.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> New York City, London, Tokyo, and Paris are the most commonly mentioned.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>Template:Cite book</ref>

GaWC World Cities

Template:Main article Template:Excerpt 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:<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Alpha ++

• Template:Flagicon London
• Template:Flagicon New York City

Alpha +

• Template:Flagicon Beijing
• Template:Flagicon Dubai
• Template:Flagicon Hong Kong
• Template:Flagicon Paris
• Template:Flagicon Shanghai
• Template:Flagicon Singapore
• Template:Flagicon Sydney
• Template:Flagicon Tokyo

Global Cities Index (Kearney)

In 2008, the American journal Foreign Policy, working with the consulting firm A.T. Kearney and the Chicago Council on Global Affairs, published a ranking of global cities based on consultation with Saskia Sassen, Witold Rybczynski, and others.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>Template:Cite journal</ref> The ranking is based on 27 metrics across five dimensions: business activity, human capital, information exchange, cultural experience, and political engagement.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> The top ranked cities in 2024 are:<ref name="kearney2024">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

1. Template:Flagicon New York City
2. Template:Flagicon London
3. Template:Flagicon Paris
4. Template:Flagicon Tokyo
5. Template:Flagicon Singapore
6. Template:Flagicon Beijing
7. Template:Flagicon Los Angeles
8. Template:Flagicon Shanghai
9. Template:Flagicon Hong Kong
10. Template:Flagicon Chicago

Global Cities Index (Oxford Economics)

Advisory firm Oxford Economics ranks the world's largest 1,000 cities based on 27 indicators across five categories (economics, human capital, quality of life, environment, and governance) with more weight on economic factors. The top ranked cities in 2025 are:<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

1. Template:Flagicon New York City
2. Template:Flagicon London
3. Template:Flagicon Paris
4. Template:Flagicon San Jose
5. Template:Flagicon Seattle
6. Template:Flagicon Melbourne
7. Template:Flagicon Sydney
8. Template:Flagicon Boston
9. Template:Flagicon Tokyo
10. Template:Flagicon San 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:<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

1. Template:Flagicon London
2. Template:Flagicon New York City
3. Template:Flagicon Tokyo
4. Template:Flagicon Paris
5. Template:Flagicon Singapore
6. Template:Flagicon Seoul
7. Template:Flagicon Amsterdam
8. Template:Flagicon Dubai
9. Template:Flagicon Berlin
10. Template:Flagicon Madrid

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:<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

1. Template:Flagicon London
2. Template:Flagicon New York City
3. Template:Flagicon Paris
4. Template:Flagicon Tokyo
5. Template:Flagicon Singapore
6. Template:Flagicon Rome
7. Template:Flagicon Madrid
8. Template:Flagicon Barcelona
9. Template:Flagicon Berlin
10. Template:Flagicon Sydney

Global Financial Centres Index

Template:Excerpt The 2025 ranking was:

1. Template:Flagicon New York City
2. Template:Flagicon London
3. Template:Flagicon Hong Kong
4. Template:Flagicon Singapore
5. Template:Flagicon San Francisco
6. Template:Flagicon Chicago
7. Template:Flagicon Los Angeles
8. Template:Flagicon Shanghai
9. Template:Flagicon Shenzhen
10. Template:Flagicon Seoul

See also

• Caput Mundi
• City quality of life indices
• Ecumenopolis
• List of cities by GDP
• Ranally city rating system