Cities as command and control centres of the world economy: An empirical analysis, 2006–2015
As a result of their rapid economic growth, several powerful corporate giants have emerged in developing countries, especially in China, operating not only in the traditional manufacturing sector, but also in high-tech industries and finance. Major cities in developing countries have gradually becom...
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| Format: | Article |
| Language: | English |
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Nicolaus Copernicus University in Toruń
2017-12-01
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| Series: | Bulletin of Geography. Socio-Economic Series |
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| Online Access: | https://doi.org/10.1515/bog-2017-0031 |
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| author | Csomós György |
| author_facet | Csomós György |
| author_sort | Csomós György |
| collection | DOAJ |
| description | As a result of their rapid economic growth, several powerful corporate giants have emerged in developing countries, especially in China, operating not only in the traditional manufacturing sector, but also in high-tech industries and finance. Major cities in developing countries have gradually become important command and control centres of the global economy, and have also become powerful enough to be in the same tier as major cities of developed countries around the world. In this paper, I examine the position of cities as command and control centres on the basis of the power of their headquartered corporations. The result shows that until 2012, New York, London, Tokyo, and Paris; i.e. the global cities, were the leading command and control centres. However, the gap between these global cities and Beijing gradually closed, and by 2015, the Chinese capital outranked all the global cities. The outstanding performance of Beijing-based corporations that operate in financial, energy, and construction services sectors is the driving force behind Beijing’s increasing global power. In addition, the leading position of the global cities as command and control centres has been threatened by the San Francisco-San Jose metropolitan region, a newly emerging economic hub in the United States. |
| format | Article |
| id | doaj-art-5b0fdc60f04b48428102a64ac9bf4944 |
| institution | Kabale University |
| issn | 2083-8298 |
| language | English |
| publishDate | 2017-12-01 |
| publisher | Nicolaus Copernicus University in Toruń |
| record_format | Article |
| series | Bulletin of Geography. Socio-Economic Series |
| spelling | doaj-art-5b0fdc60f04b48428102a64ac9bf49442025-08-20T03:56:18ZengNicolaus Copernicus University in ToruńBulletin of Geography. Socio-Economic Series2083-82982017-12-01383872610.1515/bog-2017-0031bog-2017-0031Cities as command and control centres of the world economy: An empirical analysis, 2006–2015Csomós György0University of Debrecen, Department of Civil Engineering, 2–4 Otemeto u., 4028 Debrecen, HungaryAs a result of their rapid economic growth, several powerful corporate giants have emerged in developing countries, especially in China, operating not only in the traditional manufacturing sector, but also in high-tech industries and finance. Major cities in developing countries have gradually become important command and control centres of the global economy, and have also become powerful enough to be in the same tier as major cities of developed countries around the world. In this paper, I examine the position of cities as command and control centres on the basis of the power of their headquartered corporations. The result shows that until 2012, New York, London, Tokyo, and Paris; i.e. the global cities, were the leading command and control centres. However, the gap between these global cities and Beijing gradually closed, and by 2015, the Chinese capital outranked all the global cities. The outstanding performance of Beijing-based corporations that operate in financial, energy, and construction services sectors is the driving force behind Beijing’s increasing global power. In addition, the leading position of the global cities as command and control centres has been threatened by the San Francisco-San Jose metropolitan region, a newly emerging economic hub in the United States.https://doi.org/10.1515/bog-2017-0031world citiesdeveloping countriescommand and controltransnational corporationsbeijing |
| spellingShingle | Csomós György Cities as command and control centres of the world economy: An empirical analysis, 2006–2015 Bulletin of Geography. Socio-Economic Series world cities developing countries command and control transnational corporations beijing |
| title | Cities as command and control centres of the world economy: An empirical analysis, 2006–2015 |
| title_full | Cities as command and control centres of the world economy: An empirical analysis, 2006–2015 |
| title_fullStr | Cities as command and control centres of the world economy: An empirical analysis, 2006–2015 |
| title_full_unstemmed | Cities as command and control centres of the world economy: An empirical analysis, 2006–2015 |
| title_short | Cities as command and control centres of the world economy: An empirical analysis, 2006–2015 |
| title_sort | cities as command and control centres of the world economy an empirical analysis 2006 2015 |
| topic | world cities developing countries command and control transnational corporations beijing |
| url | https://doi.org/10.1515/bog-2017-0031 |
| work_keys_str_mv | AT csomosgyorgy citiesascommandandcontrolcentresoftheworldeconomyanempiricalanalysis20062015 |