Question

26. What makes cities such as New York and Tokyo where the coordination of global business activity takes place "global cities"?

a. They both have populations that exceed 100 million people.
b. They both provide contexts of production.
c. They both produce services and financial goods exclusively and no material goods at all.
d. They are home to highly diverse populations, many of whom are immigrants.

Answer 1

Global cities like New York and Tokyo are characterized by their pivotal role in coordinating global business activity, presence of powerful financial institutions impacting the global economy, provision of specialized business services, and diverse populations, including a significant number of immigrants.

Step-by-step explanation:

The term "global cities" refers to cities such as New York and Tokyo where a large scale of global business activity is coordinated. These metropolitan areas function as significant nodes within the global economic system, playing critical roles in the production and distribution of goods and services. The primary traits that characterize them as "global cities" include:

• Presence of powerful corporate and financial institutions that have an impact on the global economy.
• Great concentration of and capacity for providing specialized financial and business services.
• Functioning as key nodes in a complex, interconnected network of global information and capital flow.
• Highly diverse populations with a significant number of immigrants contributing to a global culture and economy.

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