Global cities have a disproportionately high concentration of business services, including financial institutions, the corporate offices of multinational companies, and law firms, accounting firms, and other professional services.
Why to be concentrated in global cities?
Global cities are ideal locations for commercial services because they are at the hub of the movement of capital and information. Because they require wide thresholds and ranges as well as the presence of wealthy customers, leisure services of national significance are particularly prone to cluster in large cities. Cities around the world may be hubs of political influence on a national or international scale.
About global cities
Global cities are split into three categories: the headquarters of numerous major firms; the hubs of the information and capital flows in the world economy. The three levels of global cities—alpha, beta, and gamma—are further differentiated based on infrastructure, economic, political, and cultural considerations.
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