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TNC S And Ngo's Opportunities In World Cities

Satisfactory Essays

World cities have their main headquarters for many transnational corporations, large national corporations and Inter governmental organisations. Tokyo is the base for 17 of the top 100 TNC’s and New York has 11, these factors determining the economic authority as over half of all global trade is between TNC’S. There are a number of NGO’s that have their headquarters in world cities; some of these including Greenpeace and Action Aid. Findings such as these put the wealth and power of TNC’S and NGO’s into perspective in relation to the overall prosperity of the country. These world cities are also ideal locations for a range of financial services and key locations for specialised service firms such as law, accounting, advertising and tourism. Globally, New York holds the most economic power, as it is the major centre for trading of equities and government bonds, with the world trade centre …show more content…

They have a range of social infrastructures that allow for the exchange of information. These resources include; hotels, conference centres and office buildings. Linking these infrastructures together are forms of transport systems. For example the underground train that runs from Paris to London and London’s Heathrow airport. These transport schemes heavily influencing the flow of population throughout Paris and London and essentially linking London to areas all over the world. World cities are centres for cultural and entertainment facilities, these including sporting facilities, the opera house and entertainment centres. London is home to the renound Wimbledon tennis centre; its cultural identity contributes around 13 million a year to the cities economy. Hong Kong’s newly developed Disney Land employing over 7000 full time and part time members, with over 15 million visitors per year, this company contributions largely to the financial position of Hong

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