Definition of a global city is if it’s in possession of many developmental structures from foreign investors. Such as scattered markets and corporations, the complexity of central functions, localization, firm mix and organizations hiring the high-level functions moving headquarters to other locations.The essay will analyze the main idea comparing it to current situations of growing city.
Development, education, and leadership are the core theme in the secondary source discussing the purpose of reinvestments and transforming a place into a better set of living . Similarly, the growth of an area needs well-set goals and regulations that will provide a guideline for meeting the objective. Richard M. Daley Chicago’s Mayor of 1989 made rules that are making Chicago have economic developments for the past two decades . The relation of both Global Chicago and Education and a New Urban Workforce in a Global City is an emphasis on transformation of a city.
Leaders should follow the example emulating what the mayor set. Currently, City of Perth is undergoing fast changes with various investors setting up structures that will boost the economy and improve the citizen’s living standards. Land codes are being updated, homes and projects are set up which is a similar invent that Chicago’s mayor did from the year 1989.In addition, many observations are visible in the Middle East as innovations are making their economy run on a 24- hour basis generating a huge GDP annually. Industrialization and investments in financial institutions generate more incomes that can help run different projects even when in a state of depression .Industrialization has a significant role to play in economic development.
In conclusion, in my opinion, reinvestments and industrializations are a critical factor in transforming a city into a better condition giving the economy a financial boom. Just as Mayor Richard M. Daley set goals, development is attained with good leadership ideologies.
Lipman, Pauline. "Education and a New Urban Workforce in a Global City." American Educational Research Journal (2002): 14.
Madigan, Charles. Global Chicago. Urbana and Chicago: THE CHICAGO COUNCIL ON FOREIGN RELATIONS UNIVERSITY OF ILLINOIS PRESS, 2004.
Narasaiah, M Lakshmi Lakshmi. Industrialisation in backward areas. New Delhi: Discovery Publ. , 2003.
Sassen, Saskia. The Global City: New York, London, Tokyo. Princeton: Princeton University Press, 2013.