Essay in Cities in a World Economic climate

п»їSOCI 3603 Spring 2014- Midterm Article #1

Prof. Rhomberg

Replicate Zhou

2-18-2014

Since the start of the last two or perhaps three decades, a fresh form of overall economy, characterized by an elevated level of the positive effect and of assistance intensity, has developed in major cities in many advanced financial systems. Under this new economic order, although the capabilities of cities have changed, they continue to play an essential role. In accordance to Sassen, cities would be the sites intended for transnational economical activities. Although the advanced solutions give the majority of firms the freedom to locate beyond cities, the firms that aim at the international market and have excessive complexity and innovation still tend to find their headquarters in key cities mainly because, first of all, towns offer " agglomeration economies and extremely innovative environment (Sassen 38). ” In cities, businesses benefit from the quick access to experts and specialist, who favour the lifestyle and convenience of a great urban environment. Secondly, the concentration in the headquarters supplies opportunities for face-to-face conversation, which may not be replaced by virtual interaction. This is important since the success of business largely relies on trust, personal contact and cultural connections. An additional function of cities in the new monetary order is they serve as generating sites for producer providers. Sassen specifies producer services as " services to get firms, ” including accounting, insurance, legal and so on (Sassen 129). In the global economic system, as organizations expand, services such as asking, administration and financial become increasingly necessary for them. These services are highly diverse and specialized and therefore the firms find it more efficient to obtain these solutions from developer service businesses than to fire in-house experts. As a result, an industry of developer services grew in metropolitan areas. In addition , the firms served usually demand a package of producer solutions instead of a solitary type of manufacturer service, which means the producer service companies are " highly networked organizations (Sassen 138)” and they benefit from the proximity to other particular services. Consequently , it is more effective for them to gather and contact form a producer-services complex. In such a case, cities function as places where this complex grows. Besides the proximity to one another, the proximity and access to experts and professionals also help the concentration of producer services companies in cities. These elites, as Sassen states, are often fascinated by " the services and life styles that large urban centers can offer (Sassen 138). ” Finally, Sassen also remarks that acceleration plays a huge role in promoting the agglomeration of producer assistance firms. As economic activities generally increase the speed of nowadays, period is crucial specifically the most advanced and information-based organizations, such as currency markets and fund. Hence distance to various other specialized firms is significant for maker service corporations. The new type of urban economy has had a profound influence on the social and spacial structures in global metropolitan areas. Most evidently, there have been changes in the ways of organizing work. First of all, the traditional manual labor process offers largely been replaced with a combination of human and machine/engineer and the labor process is now increasingly computerized. Second, the standardized mass production that dominated the economy after the World War II is disappearing in significant cities. Rather, the comparatively high-income populace has altered the household usage pattern in customized and specialized items and solutions. For example , the conventional family-run small retail stores are gradually degraded by high-end boutique outlets that are usually more expensive. This consumption routine further impacts the production method. The personalized items and services are generally produced through subcontracting to sweatshops and households with intense labor and less expensive. Third, although there is a...

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