M6-Topic 1 Part 1; WORLD CIties: Nature, Characteristics(Economic, Communications & Transport)

Question 1

what are world cities

Answer 1

Large cities that have outstripped its national urban network & become part of the global system.

Question 2

what are the characteristics of world cities (7)

Answer 2

centres of:

• political power
• World trade
• communications
• banking & finance
• world entertainment & sporting
• Business centres (NGO’s & TNC’s)
• Tourism

Question 3

what has caused world cities to appear

Answer 3

Globalisation

Question 4

what is globalisation

Answer 4

The process where national economies are able to trade in a integrated or independent way due to the lowering of tariff protection

Question 5

how did globalisation come to be

Answer 5

improvement in technology, communications and transport

Question 6

what are the impacts of globalisation (1 (4))

Answer 6

More interdependent world allowing for the spread off:

• ideas
• culture
• money
• materials

Question 7

what major shifts are being seen because of globalisation (2)

Answer 7

National states → International Economy

Formation of TNC’s → Creating Global Economy

Question 8

what are TNC’s

Answer 8

Large business enterprises that operate in several countries

Question 9

list examples of TNC’s, their industry, their yearly revenue, and the location of their headquarters. (2)

Answer 9

• BP: oil and gas company, $233 Billion Revenue,
  London
• Verizon: Telecommunications 132 billion revenue New
  York City

Question 10

What impact have TNC’s had on the world (3)

Answer 10

• Polarisation of wealth in urban societies, (enhance
  living standards of key executives, declining living
  standards for industry workforce.)
• Creation of financial districts “edge cities” or
  “technoburbs” (silicon valley) which service the new
  economy
• Increased interconnectedness of world cities through trade travel & decision making

Question 11

what are the Economic characteristics of World cities (5)

Answer 11

• House a large number of TNC and corporate Headquarters
• High concentration of highly paid international elite
• High class residential areas
• sites of international banks
• sites of leading Global markets

Question 12

list examples of TNC or corporate Headquarters in world cities (3)

Answer 12

• BP, London
• Toyota, Tokyo
• Verizon, NYC

Question 13

list examples type of highly paid international jobs in world cities (3)

Answer 13

• law,
• accounting,
• advertising

Question 14

list high class residential areas in world cities and their average price (3)

Answer 14

• Knights bridge - €3.90 million
• Belgravia - €3.89 million
• Kensington - €3.87 million

Question 15

list examples of international banks operating in world cities and their total assets(3)

Answer 15

• Jp Morgan Chase, NYC, $2.5trillion (US)
• HSBC, London, $2.7 trillion (US)
• Barclays, London $ 1.15 trillion (US)

Question 16

List examples of Global stock markets operation in world cities(3)

Answer 16

• Dow Jones (wall street), NYC
• FISE, London
• Nikkei Index, Tokyo

Question 17

What are the communications and transport characteristics of world cities (4)

Answer 17

• Location of Internationally influential media organisations
• Major Telecommunication Hubs
• High access to airline flights (Airports)
• Strong transport system

Question 18

List examples of influential Media Organisations operating in world cities (3)

Answer 18

• Disney, Los Angeles
• ABC (american broadcasting company), NYC
• BBC (British Broadcasting Company), London

Question 19

List examples of telecommunication hubs operating in World cities (1)

Answer 19

• Telecom (BT) Tower, London

Question 20

List examples of airports(3) in world cities (2)

Answer 20

.New York 
 - JFK
 - Newark
 - La Guardia
.London
 - Heathrow
 - Stansted
- Gatwick

Question 21

List examples of strong transport systems in world cities (2)

Answer 21

The metro subway, New york

The London Underground(subway), London

Question 22

List examples of strong transport systems in world cities (2)

Answer 22

The metro subway, New york

The London Underground(subway), London