12/16/2023 0 Comments Explain why business services are disproportionately concentrated in global cities.Overemphasizing competition also leads to missed opportunities for cities, such as developing parallel networked inter-city policy initiatives centered on the growing economic importance of inter-city networks for firms and markets. But inter-city competition is only half the story, and overemphasizing it leads to misunderstandings of how the global economy actually functions. There is competition, and as a city like Shanghai gains power, others such as Tokyo and Taipei lose some power-investment, prestige, and perhaps more than anything else, clout. The scales of such networked systems vary they can be global, regional, subnational. The rapid and spectacular rise of Shanghai as a global city has, regrettably brought back to life a series of arguments that overemphasize inter-city competition and leave out the growing importance of networked inter-city systems and dynamics. ![]() ![]() ![]() Locating Cities in Global Networks: Tokyo and Regional Structures of Interdependence By Saskia Sassen
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