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Global City

A global city is a city that is an important node in the global economic network. Global cities have attributes like international financial services, headquarters of multinational corporations, stock exchanges, and domination of trade and economy in a large surrounding area. Some examples of top global cities include London, New York City, Tokyo, Paris, and Singapore. To become a city under Philippine law, a municipality must meet certain population, income, or land area requirements and be properly identified by boundaries. Cities are then classified as highly urbanized cities, independent component cities, or component cities depending on their population and income levels.

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46 views16 pages

Global City

A global city is a city that is an important node in the global economic network. Global cities have attributes like international financial services, headquarters of multinational corporations, stock exchanges, and domination of trade and economy in a large surrounding area. Some examples of top global cities include London, New York City, Tokyo, Paris, and Singapore. To become a city under Philippine law, a municipality must meet certain population, income, or land area requirements and be properly identified by boundaries. Cities are then classified as highly urbanized cities, independent component cities, or component cities depending on their population and income levels.

Uploaded by

leslie ann urmanita
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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GLOBAL CITY

Contemporary World
GLOBAL CITY
A global city, also called a power city, world city,
alpha city or world center, is a city which is a primary
node in the global economic network. The concept
comes from geography and urban studies, and the idea
that globalization is created, facilitated, and enacted in
strategic geographic locales according to a hierarchy of
importance to the operation of the global system of
finance and trade.
The term "megacity" entered common use in
the late 19th or early 20th centuries; one of the
earliest documented uses of the term was by
the University of Texas in 1904.The term
"global city", rather than "megacity", was
popularized by sociologist Saskia Sassen.
TOP 10 GLOBAL CITY
1. London 9. Hong Kong
2. New York City 10. Sydney
3. Tokyo
4. Paris
5. Singapore
6. Amsterdam
7. Seoul
8. Berlin
Location of the 146
cities of the Philippines as
of September 2019.

Richest Cities in the


Philippines:

•Quezon City- ₱68.33 billion


•Manila- ₱ 38.677 billion
•Cebu City- ₱ 33.86 billion
ATTRIBUTES OF GLOBAL CITY
•A variety of international financial services, notably in
finance, insurance, real estate, banking, accountancy,
and marketing.
•Headquarters of several multinational corporations.
•The existence of financial headquarters, a stock
exchange, and major financial institutions.
•Domination of the trade and economy of a large
surrounding area.
•Major manufacturing centers with port and container
facilities
•Considerable decision-making power on a daily basis
and at a global level
•Centers of new ideas and innovation in business,
economics, culture, and politics
•Centers of media and communications for global
networks
•Dominance of the national region with great
international significance
• High percentage of residents employed in the services
sector and information sector.
• High-quality educational institutions, including
renowned universities, international student attendance,
and research facilities.
• Multi-functional infrastructure offering some of the
best legal, medical, and entertainment facilities in the
country.
•High diversity in language, culture, religion, and
ideologies.
REQUIREMENTS TO BECOME A CITY
Section 1. Section 450 of RA Act. No. 7160,
otherwise known as the Local Government Code of
1991.
•A municipality may be converted into a component city
if it has a locally generated average annual income, as
certified by the Department of Finance, of at least
₱100,000,000 for the last two consecutive years
•A contiguous territory of at least 100 square kilometers,
as certified by the Land Management Bureau; or
•A population of not less than 150,000 inhabitants, as
certified by the National Statistics Office.
•The average annual income shall include the income
accruing to the general fund, exclusive of special funds,
transfers, and non- recurring income.
•The territorial jurisdiction of a newly-created city shall
be properly identified by metes and bounds. The
requirement on land area shall not apply where the city
proposed to be created is composed of one or more than
islands. The territory need not be contiguous if it
comprises two or more island.
CLASSIFICATION OF A CITY
• The Local Government Code of 1991 (Republic Act
No. 7160) classifies all cities in three legal categories:

• Highly Urbanized Cities (HUC)


• Independent Component Cities (ICC)
• Component Cities (CC)
• Highly Urbanized Cities (HUC): Cities with a
minimum population of two hundred thousand
(200,000) inhabitants, as certified by the Philippine
Statistics Authority, and with the latest annual income
of at least fifty million pesos (₱50,000,000) based on
1991 constant prices, as certified by the city treasurer.
There are currently 33 highly urbanized cities in the
Philippines, 16 of which are located in Metro Manila.
• Independent Component Cities (ICC): Cities of this
type have charters that explicitly prohibit their
residents from voting for provincial officials. All five
of them are considered independent from the province
in which they are geographically located: Cotabato,
Dagupan, Naga, Ormoc and Santiago.
• Component Cities (CC): Cities which do not meet the
preceding requirements are deemed part of the
province in which they are geographically located. If a
component city is located along the boundaries of two
or more provinces, it shall be considered part of the
province of which it used to be a municipality.
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