NameInstitutionDateGlobal CityA global city is considered to be an important part of the global economic system. The concept as shown in “World-City Network: A New Metageography?” comes from geography. The concept of global city largely lie on the idea that globalization may be understood as facilitated, enacted, and created in strategic locales according to a predetermined hierarchy of importance regarding global trade and finance. Global city in its absolute terms means that the linkages creating it have direct global impacts through socio-economic means. The Global City: New York, London, Tokyo by Saskia Sassen focuses on how these cities have undergone parallel transformations and emerged to be global economic centers. These cities, though located in different parts of the world have undergone similar changes and their historical positions in the global economy have changed over time. The cities have emerged to be hubs for major economic and trade operations. The diversity of cities is shaped by the world economy. Combination of spatial dispersal and global integration has in the present times created new roles for major cities. Historically, major cities functioned as major centers for banking and international trade. Presently, maj...