Cover image for The global city : New York, London, Tokyo
The global city : New York, London, Tokyo
Sassen, Saskia.
Personal Author:
Second edition.
Publication Information:
Princeton, N.J. : Princeton University Press, [2001]

Physical Description:
xxvi, 447 pages ; 24 cm
Format :


Call Number
Material Type
Home Location
Item Holds
HG184.N5 S27 2001 Adult Non-Fiction Central Closed Stacks

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This classic work chronicles how New York, London, and Tokyo became command centers for the global economy and in the process underwent a series of massive and parallel changes. What distinguishes Sassen's theoretical framework is the emphasis on the formation of cross-border dynamics through which these cities and the growing number of other global cities begin to form strategic transnational networks. All the core data in this new edition have been updated, while the preface and epilogue discuss the relevant trends in globalization since the book originally came out in 1991.

Author Notes

Saskia Sassen is the Ralph Lewis Professor of Sociology at the University of Chicago, and Centennial Visiting Professor at the London School of Economics.

Reviews 1

Choice Review

Sassen (Columbia University) uses national statistics to single out New York, London, and Tokyo in their respective countries. This book is not just urban regional economics. The international perspective of a global city concept requires the use of many areas. Evaluations of statistics are offered covering international trade patterns including balance of payments; economic development including direct foreign investment and services; and industrial organization especially movement and concentration of manufacturing, and changes in the economic base of New York, London, and Tokyo. Much effort goes into detailing employment patterns and relationships with the global city hierarchy. There is no other comprehensive work evaluating worldwide economics in all of these areas. Evidence is clearly presented that these three cites are unique in a world economic hierarchy. An exhaustive bibliography is provided. At times the diverse material is hard to follow but is necessary to show the development of a world hierarchy centered around New York, London, and Tokyo. The scope of areas covered is a true contribution to the literature. Recommended for upper-division undergraduate and graduate collections.-E. C. Erickson, California State University, Stanislaus

Table of Contents

List of Tablesp. xi
Preface to the New Editionp. xvii
Acknowledgmentsp. xxv
1 Overviewp. 3
Part 1 The Geography and Composition of Globalizationp. 17
2 Dispersal and New Forms of Centralizationp. 23
Mobility and Agglomerationp. 24
Capital Mobility and Labor Market Formationp. 32
Conclusionp. 34
3 New Patterns in Foreign Direct Investmentp. 37
Major Patternsp. 37
International Transactions in Servicesp. 44
Conclusionp. 63
4 Internationalization and Expansion of the Financial Industryp. 65
Conditions and Components of Growthp. 66
The Global Capital Market Todayp. 74
Financial Crisesp. 78
Conclusionp. 83
Part 2 The Economic Order of the Global Cityp. 85
5 The Producer Servicesp. 90
The Category Servicesp. 92
The Spatial Organization of Financep. 110
New Forms of Centralityp. 122
Conclusionp. 126
6 Global Cities: Postindustrial Production Sitesp. 127
Location of Producer Services: Nation, Region, and Cityp. 130
New Elements in the Urban Hierarchyp. 140
Conclusionp. 167
7 Elements of a Global Urban System: Networks and Hierarchiesp. 171
Towards Networked Systemsp. 172
Expansion and Concentrationp. 175
Leading Currencies in International Transactionsp. 187
The International Property Marketp. 190
Conclusionp. 195
Part 3 The Social Order of the Global Cityp. 197
8 Employment and Earningsp. 201
Three Cities, One Tale?p. 201
Earningsp. 221
Conclusionp. 249
9 Economic Restructuring as Class and Spatial Polarizationp. 251
Overall Effects of Leading Industriesp. 252
Social Geographyp. 256
Consumptionp. 284
Casual and Informal Labor Marketsp. 289
Race and Nationality in the Labor Marketp. 305
Conclusionp. 323
In Conclusionp. 327
10 A New Urban Regime?p. 329
Epiloguep. 345
The Global City Modelp. 346
The Financial Orderp. 355
The Producer Servicesp. 359
Social and Spatial Polarizationp. 361
A Classification of Producer Services by U.S., Japanese, and British SICp. 367
B Definitions of Urban Units: Tokyo, London, New Yorkp. 369
C Population of Selected Prefectures and Major Prefectural Citiesp. 373
D Tokyo's Land Marketp. 374
Bibliographyp. 383
Indexp. 435