Effects Of Globalization On Cities In Asia

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Rick Penders Final Paper River Cities Draft Professors Chen, Cummins, Morrison, Lestz “The Effects of the Global on the Local” Three Case Studies on the Effects of Globalization on Cities in Asia Today two massive trends can be seen in the development of the world: the process of rapid urbanization, and the process of globalization. The two seem to go hand in hand. The 40 largest mega-regions produce two-thirds of global economic output and 90 percent of global global innovation, while housing just 18 percent of the world’s population. For those reasons urbanization and globalization trends keep rising at a pace that the world has never seen before, especially in Asia. As we enter the second decade of the 21st century, the international…show more content…
So why doesn’t globalization create a “flatter” world? In “Shanghai Rising Part 1” Saskia Sassen explains that cross border economic processes like flows of capital, labor, goods, raw materials, and travelers have been around for a long time, and that those processes predominantly have taken place between nation states over the course of the last century. As a result of privatization, deregulation, the opening up of national economies to foreign firms, and the growing participation of national economic actors in global markets that has change quite drastically since the 1980s. These changes have led to a new system in the world economy in which nation states are losing their importance relative to other subnational special units; mostly cities and regions, global electronic markets, and free trade blocks. Cities are now able to specialize in certain aspects of the economy, and for big corporations it often makes economic sense to centralize all of their activities in one place anymore. Because of technological advancement firms can now divide their activities over multiple places all over the globe to where it strategically makes most sense. But Sassen also notes that the more a firm’s activities are dispersed over different cities and countries, the more complex these networks of different firms and cities get, since
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