the key sector specifying the distinctive production advantages of global cities is the highly specialized and networked services sector. Being in a city becomes synonymous with being in an extremely intense and dense information loop. “ The mix of firms, talents, and expertise from a broad range of specialized fields makes a certain type of urban environment function as an information center.
To quote from Professor Sassen’s article, What is surprising to this reader is how strong the underlying dynamic for global cities has proven to be these past 16 years despite very significant disruptions to world affairs. WAIFC is reprinting Professor Sassen’s 2005 article, “The Global City: Introducing a Concept,” with the kind permission of the Brown University Journal of World Affairs. Whatever the difficulties with “globalization” during and after the 2008-2009 Global Financial Crisis, and there have been many, the characteristics and dynamics of a global city remain intact and would be evident to every WAIFC member. Professor Sassen put forward several hypotheses on what a global city meant. A pioneer in describing these phenomena was Professor Saskia Sassen, a Dutch sociologist teaching at the University of Chicago. Towards the turn of the millennium, the forces of technology and communications enabled a spirit and a reality of manufacturing and services “globalization” that was especially significant for the evolution of the financial sector, the WAIFC community par excellence.
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