Comparison of Global Cities Essay Example | Topics and Well Written Essays - 2250 words

Comparison of Global Cities - Essay Example New York outclasses all other cities in the world because it has an extremely diverse population and over the years, it has become the financial hub of the world. Wall Street, New York Stock Exchange, and the offices of Fortune 500 companies make it impossible for the business world to deny its importance. London has an edge when it comes to cultural heritage because it attracts the largest number of foreign visitors from the entire world on the same basis. Furthermore, there is no denial to the financial importance of the city since it is the heart of Europe and the entire world in terms of its financial and economic activities. United Kingdom is an important force in the world affairs and global political arena thus making allowing London and impeccable role in global politics. Tokyo could be called as the New York or London of Japan. Since the Second World War, the city has witnessed unprecedented economic growth, which continues even as of today. With offices of more than 50 Glob al 500 companies in Tokyo, Tokyo Stock Exchange is the third largest stock market in the world in terms of market capitalization. Tokyo lags behind when it comes to attracting tourists and increasing the diversity in the society by welcoming immigrants. The debate of global cities is never ending. As mentioned earlier, even as of today, experts have not been able to agree on a single definition of a global city. Furthermore, it is rather complicated to assign a quantitative value to each of the factors that characterize a city as a global city. Quite understandably, with the rapid pace of globalization, it is highly likely that these cities will witness a few serious contenders for the top spots in the global cities lists.