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Question

Group the traits as explained by Saskia Sassen in the 'global city'. 

A. They have developed into command posts for the global economy 

B. They are key locations for financial and specialized service firms 

C. They are sites of production and innovation 

D. They are markets in which the products of financial and service industries 

E. They are relatively large forms of human settlement 

Choose the correct answer from the options given below:

The correct answer is
A, B, C, D, only

Global City Traits by Saskia Sassen

Saskia Sassen's theory identifies specific functional characteristics that define a 'global city'. These traits differentiate them from other large urban centers by highlighting their strategic importance in the global economic system.

  • A. Command Posts for the Global Economy: Global cities serve as critical hubs that direct and manage international economic activities and the operations of multinational corporations.
  • B. Key Locations for Financial and Specialized Service Firms: They are essential centers hosting advanced producer services, such as finance, law, accounting, and advertising, which are fundamental to global commerce.
  • C. Sites of Production and Innovation: These cities are dynamic environments that foster innovation, particularly within the high-value service sectors and related technologies, driving economic advancement.
  • D. Markets for Financial and Service Industries: Global cities function as vital marketplaces where the sophisticated products and services generated by the financial and specialized sectors are traded and distributed worldwide.

While global cities are indeed large human settlements (E), Sassen emphasizes their specialized economic functions and strategic global positioning over mere size. Traits A, B, C, and D collectively capture this functional definition.

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Important Questions from Globalization and Social Change

  1. Depletion of the ozone layer in the stratosphere is responsible for:

  2. Diaspora as a dispersion of people throughout the world indicates
    A. Lack of Solidarity with members of the same ethnic group
    B. Emergence of expatriate communities
    C. Greater cultural hybridity
    D. Complete dissociation from the foreign areas
    Choose the correct answer from the options given below :
  3. The concept of "Transnationalism" is associated with the process of :
  4. Anthony Giddens' notion of "Radicalised Modernity" has following characteristics : 

    (A) It sees itself as dissolved or dismembered by fragmenting the experience 

    (B) It identifies the institutional developments which create a sense of fragmentation and displaced 

    (C) It defines post-modernity as possible transformations moving beyond the institutions of modernity 

    (D) It sees day-to-day life as an active complex of reactions to abstract systems involving appropriation as well as loss 

    Choose the correct answer from the options given below :

  5. The key features of the globality of global economy, according to Manuel Castelles are : 

    (A) Anti-globalization movement 

    (B) Global Financial markets 

    (C) Multinational corporations 

    (D) International production of work 

    (E) International production and selective globalisation of science and technology 

    Choose the correct answer from the options given below :

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