Each phase in the history of the world economy raises specific questions about the particular conditions that make it possible
Elements in new conceptual Architecture:
The globalisation of economic activity entails a new type of organisational structure. To capture this a new type of Architecture has been founded. In todays world most of the major global cities are world cities.
The global city model: Organising hypothesis
there are 7 hypothesis of the theory of global city model:
- geographical dispersal of economic activity
- Central function becomes complex that the head quarters for large global firms out source them
- specialised services service firms engagement in most complex and globalised markets are subjected to agglomeration economies
- Head quarters outsource their most complex, unstandardized functions, particularly those subject to uncertain changing markets
- need to provide a global service which has meant a global network of affiliates or some other form of partnership
- growing numbers of high level professionals and high profit making specialised services firms have effect of raising the degree of spatial and socio-economic
- One result of the dynamics describes in hypothesis six, is the growing information of a range of economic activities which find their effective demand in these cities
The massive trends towards the spatial dispersal of economic activities at the metropolitan, national, global level which associate with globalisation have contributed to a demand of new forms of territorial centralisation of top-level management and central functions.
Impacts of new communication technologies of centrality:
cities have historically provided a national economies, policies, and societies, with something we can think as a centrality. Cities provide agglomeration economies. As earlier sections have indicated, centrality remains a key feature of today's global economy.