Does globalization affect city center? cole

Globalization is the intertwining of economies, societies, technologies, and information of countrie across the globe.

Therefore, cities that have a comparative advantage in any of these sectors will benefit from a global village. However, cities without an advatage in these areas will deteriorate.

The global village will require cities to become high tech and ever changing to adopt new technologies and adapt to the needs of its developing generation.

Global cities are need access to the financial markets. Without access to finanical markets cities will become out-of-date and out-of-style. Money matters which means access to cash will ulitmately be king.

The way goods are moved across the globe will likely change in the coming years. Port cities will have to reinvent themselves as the amount of large goods decreases. Commodities will likely remain strong in the future, but other goods will decrease.

Information transfer does not need to take place in a centralized location. The internet and communication technology allows for information transfer anywhere on the globe. The city center no longer is the place to gain access to the society, but merely an inconvenient bus ride to a deserted island in many areas.