Characteristics Of Globalization
Well, one of the major characteristics of global cities According to Saskia Sassen, “First, they serve as command points of the global economy, coordinating the increasingly far-flung production of goods and services (Kleniewski, 138). In other words, the main focus is mostly on improving the global economy and also working together in order to increase the amount of goods and services that the corporation is selling or providing to the people.
Sassen stated “the global cities have also provided markets for the products produced there “(Kleniewski, 138). In other words, this is a technique used by global cities when doing worldwide trades in order for them to upsurge the production of the goods that are being sold in worldwide countries. This is also a great way for these global cities to improve the development of their worldwide corporations. This technique has made global cities get wealthier and also create corporations that are now worth …show more content…
In other words, global cities have made so much money that they now provide financial services and other specialized producer services. These Financial services include lending other corporations money until they run out of money and have to find other ways to make up for the loans that they took, such as selling their goods for a cheaper price or sharing the amount of money that is made from the corporations goods. All of this is just another way that global cities makes a