The global city : New York, London, Tokyo

Massive and parallel changes have occurred in New York City since the late 1970s and in London and Tokyo since the early 1980s. What transformed these urban centers, with their diverse histories, into "global cities" that share comparable economic and social structures? Saskia Sassen argues that their remarkable similarity arises from their position as command posts in international finance and advanced services for business. Massive and parallel changes have occurred in New York City since the late 1970s and in London and Tokyo since the early 1980s. What transformed these urban centers, with their diverse histories, into "global cities" that share comparable economic and social structures? Saskia Sassen argues that their remarkable similarity arises from their position as command posts in international finance and advanced services for business. The Geography And Composition Of Globalization -- Dispersal And New Forms Of Centralization -- Mobility And Agglomeration -- Capital Mobility And Labor Market Formation -- New Patterns In Foreign Direct Investment -- Major Patterns -- International Transactions In Services -- Internationalization And Expansion Of The Financial Industry -- Conditions And Components Of Growth -- The Global Capital Market Today -- Financial Crises -- The Economic Order Of The Global City -- The Producer Services -- The Category Services -- The Spatial Organization Of Finance -- New Forms Of Centrality -- Global Cities: Postindustrial Production Sites -- Location Of Producer Services: Nation, Region, And City -- New Elements In The Urban Hierarchy -- Elements Of A Global Urban System: Networks And Hierarchies -- Towards Networked Systems -- Expansion And Concentration -- Leading Currencies In International Transactions -- The International Property Market -- The Social Order Of The Global City -- Employment And Earnings -- Three Cities, One Tale? -- Earnings -- Economic Restructuring As Class And Spatial Polarization -- Overall Effects Of Leading Industries -- Social Geography -- Consumption -- Casual And Informal Labor Markets -- Race And Nationality In The Labor Market -- A New Urban Regime? -- The Global City Model -- The Financial Order -- The Producer Services -- Social And Spatial Polarization -- Classification Of Producer Services By U.s., Japanese, And British Sic -- Definitions Of Urban Units: Tokyo, London, New York. Saskia Sassen. Includes Bibliographical References (p. [355]-389) And Index. Choice Outstanding Academic Books And Nonprint Materials title ......Page 1 copyright ......Page 2 dedication ......Page 3 table of contents ......Page 4 tables ......Page 6 acknowledgments ......Page 12 1 - overview ......Page 16 part 1 - the geography and composition of globalization ......Page 30 2 - dispersal and new forms of globalization ......Page 35 3 - new patterns in direct foreign investment ......Page 48 4 - internationalization and expansion of the financial industry ......Page 77 part 2 - the economic order of the global city ......Page 98 5 - the producer services ......Page 103 6 - global cities: postindustrial production sites ......Page 139 7 - elements in a global hierarchy ......Page 181 part 3 - the social order of the global city ......Page 206 8 - employment and earnings ......Page 210 9 - economic restructuring as class and spatial polarization ......Page 258 in conclusion......Page 334 10 - a new urban regime? ......Page 336 appendices ......Page 352 a - classification of producer services by u.s., japanese, and british sic ......Page 354 b - definitions of urban units: tokyo, london, new york ......Page 355 c - population of selected prefectures and major prefectural cities ......Page 359 d - tokyo's land market ......Page 360 bibliography ......Page 368 index ......Page 404 "This is a revised edition of the classic work that chronicles how New York, London, and Tokyo became command centers of the global economy and in the process underwent massive and parallel changes. Saskia Sassen has updated all the data in the book and thoroughly rewritten all of the chapters to engage with debates sparked by the first edition and reflect the trends in globalization that have occurred since the book came out in 1991. She has also added a new preface and a substantial new epilogue. This is a timely edition of a work that changed the way we think about cities in the global economy."--Jacket This classic work chronicles how New York, London, and Tokyo became command centers for the global economy and in the process underwent a series of massive and parallel changes. What distinguishes Sassen's theoretical framework is the emphasis on the formation of cross-border dynamics through which these cities and the growing number of other global cities begin to form strategic transnational networks. All the core data in this new edition have been updated, while the preface and epilogue discuss the relevant trends in globalization since the book originally came out in 1991.