The Global City

by Sassen, Saskia

• ISBN13: 9780691070636
• ISBN10: 0691070636
• Edition: 2nd
• Format: Paperback
• Copyright: 2001-08-27
• Publisher: Princeton Univ Pr

Summary

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.

Author Biography

Saskia Sassen is the Ralph Lewis Professor of Sociology at the University of Chicago, and Centennial Visiting Professor at the London School of Economics.

Table of Contents

List of Tables	xi
Preface to the New Edition	xvii
Acknowledgments	xxv
Overview	3	(14)
PART ONE: THE GEOGRAPHY AND COMPOSITION OF GLOBALIZATION	17	(68)
Dispersal and New Forms of Centralization	23	(14)
Mobility and Agglomeration	24	(8)
Capital Mobility and Labor Market Formation	32	(2)
Conclusion	34	(3)
New Patterns in Foreign Direct Investment	37	(28)
Major Patterns	37	(7)
International Transactions in Services	44	(19)
Conclusion	63	(2)
Internationalization and Expansion of the Financial Industry	65	(20)
Conditions and Components of Growth	66	(8)
The Global Capital Market Today	74	(4)
Financial Crises	78	(5)
Conclusion	83	(2)
PART TWO: THE ECONOMIC ORDER OF THE GLOBAL CITY	85	(112)
The Producer Services	90	(37)
The Category Services	92	(18)
The Spatial Organization of Finance	110	(12)
New Forms of Centrality	122	(4)
Conclusion	126	(1)
Global Cities: Postindustrial Production Sites	127	(44)
Location of Producer Services: Nation, Region, and City	130	(10)
New Elements in the Urban Hierarchy	140	(27)
Conclusion	167	(4)
Elements of a Global Urban System: Networks and Hierarchies	171	(26)
Towards Networked Systems	172	(3)
Expansion and Concentration	175	(12)
Leading Currencies in International Transactions	187	(3)
The International Property Market	190	(5)
Conclusion	195	(2)
PART THREE: THE SOCIAL ORDER OF THE GLOBAL CITY	197	(130)
Employment and Earnings	201	(50)
Three Cities, One Tale?	201	(20)
Earnings	221	(28)
Conclusion	249	(2)
Economic Restructuring as Class and Spatial Polarization	251	(76)
Overall Effects of Leading Industries	252	(4)
Social Geography	256	(28)
Consumption	284	(5)
Casual and Informal Labor Markets	289	(16)
Race and Nationality in the Labor Market	305	(18)
Conclusion	323	(4)
IN CONCLUSION	327	(18)
A New Urban Regime?	329	(16)
Epilogue	345	(38)
The Global City Model	346	(9)
The Financial Order	355	(4)
The Producer Services	359	(2)
Social and Spatial Polarization	361	(6)
Appendices
A Classification of Producer Services by U.S., Japanese, and British SIC	367	(2)
B Definitions of Urban Units: Tokyo, London, New York	369	(4)
C Population of Selected Prefectures and Major Prefectural Cities	373	(1)
D Tokyo's Land Market	374	(9)
Bibliography	383	(52)
Index	435