How Is Globalization Affected the Largest Cities in the World

question 45

Essay

How is globalization affected the largest cities in the world? Outline Saskia Sassen's concept of the "global city." What are the four key traits of these urban centers?

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Definitions:

Assets

Refers to resources owned by a company or individual that have economic value and can provide future benefits.

Financial Theory

The study of economics that examines ways to manage and allocate financial resources, analyzing financial systems and markets.

Economics

The discipline within social science that examines the decision-making process of individuals, governments, companies, and countries in distributing resources to fulfill their desires and requirements.

S Corporations

A special tax status granted to certain corporations, allowing income to be passed through to shareholders and taxed at individual rates.