Unlike the 1970s, when office centres were ejected from urban contexts, and downtowns emptied, with New York and London even going bankrupt in the following decade, there has been a renaissance of cities and a return to them since the end of the 1980s. Sassen coined the concept, referring to New York, London and Tokyo, in her book ‘ The Global City’ explaining how there is the need to concentrate some management and intermediation functions in an increasingly globalised economy (think of the large banks, insurance companies and service companies, etc.) in some hubs, often differentiated by function inside the same global network, where people with strong skills and specialisations meet physically and work together. The term global city was effectively codified by Saskia Sassen, the American sociologist of Dutch origin, in 1991.
What does ‘Global Cities’ mean? What are the factors that determine the creation of a ‘ Global City’? What transformation processes have the greatest influence on the development of a city making it really ‘global’?
The title of the last report that you drew up for the ISPI is ‘ The Century of Global Cities: How Urbanisation Is Changing the World and Shaping our Future’.
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