Introducing 

Prezi AI.

Your new presentation assistant.

Refine, enhance, and tailor your content, source relevant images, and edit visuals quicker than ever before.

Loading…
Transcript

London a city connected to the world

The limit of the currency

London is a city globally well connected to the rest of the world:

  • Transport: Eurostar, and a world known airport: London Heathrow - transport flow

  • Communication and Media : BBC

  • World known companies : Marks and Spencer, EAT etc ...

2,453 likes

  • London does not have the same currency as the rest of Europe: this could thus be a disadvantage for the country and for the Global City.

Indeed, it tends to make the exchange of goods and services more difficult with other countries, especially within the European Union.

  • London is located in a country where government policies are not always as 'friendly' as the BRICs's ones

BRICs have cheaper labour supply

London is less competitive

1,546 likes & 2,675 dislikes

Conclusion

London the place to be for FNT's

London is evidently a Global city due to its divers international influences on the rest of the world:

  • economic and financial
  • multicultural city
  • touristic city
  • high standards of living

However, this global city also presents several negative aspects:

  • insularity
  • difficulty for some people to get integrated
  • currency
  • London is a very attractive city for transnational companies. That's why, many big companies have their headquarters located in London, especially in Canary Wharf and in the district of The city. Besides, they are companies of all sorts: banking, finance, insurance, marketing and more.

These headquarters are seen in Canary Wharf: Crédit Suisse, Barclays, HSBC, Citicorp etc.

They contribute, to a large extent, in making London an important city, on economic and financial aspects, however ...

  • London has an important stock exchange and major financial institutions

3,564 likes

The criterias required to be a Global City

  • The presence of various headquarters of multinational corporations in the city
  • A variety of international financial services
  • Financial headquarters and a stock exchange
  • An influential decision-making power on a global scale
  • Centers of innovation, business, economics, culture, politics, media, communication etc.
  • High educational institutions
  • High percentage of people employed
  • Touristic attractions
  • a development that tends to be sustainable

London a multicultural city ...

1,678 likes

  • 40% of London's population isn't born in the city, with people from all over the world: India, Pakistan, France etc ...
  • More than 1OO languages are spoken in the city: French, English, Indian etc...
  • Variety in the food: food from all over the world, as it is presented in Camden market*

Variety in the ethnicity

3,143 likes

... where not all 'outsiders' are welcome

Amita: Indian teacher born in the UK:

"London is a great city, it's multicultural and people come form all around the world to live here"

The different ethnic groups tend to live in specific areas of London and are sometimes ostracized:

  • some places have a very high standard of life especially in the WASP's area (Hyde Park, Isle of Dogs)
  • other places have lower life standards where minority groups of ethnicity live

Life in London is very expensive: people from popular backgrounds cannot afford a living (state agency in Canary Wharf - Average price of a location £1 million).

1,123 dislikes & 100 likes

What is a Global City?

In the age of globalisation, the economy tends to cluster in a limited number of cities that Saskia Sassen qualifies of ‘global cities’. In her book The Global City Saskia Sassen introduces four big cities that are New York, London and Tokyo and describes them as world cities with major international influences especially on the economic and financial aspect. But the definition of a global city is much more complex and they are also known to run the world's economy through diverse aspects; such as their population, their infrastructures, their global impact on the world scale and more.

1,345 likes

In her book The Global City, Saskia Sassen ranks influential cities in different groups from 'Alpha ++ to Gamma' according to their impact on the rest of the world and according to diverse criteria's (Alfa ++: NYC & London, Alfa +: Paris & Hong Kong).

TO WHAT EXTENT IS LONDON A GLOBAL CITY?

Urban Studies Survey

Learn more about creating dynamic, engaging presentations with Prezi