![]() Headquarters of several multinational corporations.A variety of international financial services, notably in finance, insurance, real estate, banking, accountancy, and marketing. ![]() The following are the criterias used mainly by those groups out there in classifying cities around the world in global city ranking ‘Global city’ is different with ‘Mega city’ as the latter defines a city that houses very massive population and is not necessarily a global economic point. Global city status is considered to be beneficial and desired, and because of this, many groups have tried to classify and rank which cities are seen as world cities or non-world cities. The concept comes from geography and urban studies and rests on the idea that globalization can be understood as largely created, facilitated, and enacted in strategic geographic locales according to a hierarchy of importance to the operation of the global system of finance and trade. Basically, a global city is a well-known international city with great urban surrounding and a major commercial hub with high economy that impacts not only its country but also the world. Movies, entertainment, TV, News Papers, and music recording.A global city, also called world city or sometimes alpha city or world center, is a city generally considered to be an important node in the global economic system. Los Angeles:this is the media capital of the world.Economic effects will be felt worldwide through all the foreign exchange and stocks.These cities cross state and international borders creating the globalized world as we know it today. Each city is tied with each other, but they usually specify and specialize in one area.As you move to Beta and Gamma the less important they are on a worldwide scale.There are 3 different levels of world cities, Alpha only 10 worldwide, Beta, and Gamma.World Cities and Other Big Cities Alpha, Beta, and Gamma Primate Cities Forward Capitals
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