GEOG 122 Lecture Notes - Lecture 18: Saskia Sassen, Central Place Theory, Corporatization
Document Summary
Saskia sassen: a place where the work of globalization gets done. Monetary assets, or concrete like a production plant. Increasing corporatization: emergence of ever larging firms. Over 20th and 21st centuries firms have become larger, requiring increasingly speciallizaed information. That information is provided by producer services (e. g advertisers, lawyers, accountants, architects) Larger the city, greater the density of services producers. Last 30 years, rapid and pervasive internationalization of businesses(mnc"s and tncs"s) Driven by: cheap global labor, improvements in communication/transportation technology(annihilation of space by time) How to keep track of everything: world cities. Emblematic of processes found across global northern cities: knowledge-based jobs, decline of manufacturing, gentrification(professional classes taking over residential districs formerly occupied by the working class, social polarization ( informal employment, urban underclass ) Growing divergence in income, wealth, housing between elite and urban underclass. London as an example: london metropolitan region. 5th largest urban city economy in the world.
