Impact Of Globalization On The Development Of A City Essay

Globalisation is defined as ‘a process of interaction and integration among the people, companies and governments of different nations, a process driven by international trade and investment and aided by information technology.’ (The Levin Institue - The State University of New York, 2015) The evolution of a city is a major result of experiencing globalisation. Evolution is ‘a slow process of change from one form or level to a better or higher one, or that brings into being a superior or new order’. (BusinessDictonary, 2016) Innovation of new technology is a very crucial impetus to the development and evolution of a city along with globalisation. Both globalisation and technology have significant influence on the development of a city in the three dimensions, which brings challenges for both policymakers and planners when planning the city correspondingly. In the following paragraphs, I am going to address my points of view about the impacts and challenges of globalisation on the evolution of a city. To begin with, globalisation was suggested as the ‘spatio-temporal processes of change which underpin a transformation in the organisation of human affairs by linking together and expanding human activity across regions and continents’ (Held, et al., 1999) It suggests that migration has been encouraged between cities not only by the economic globalisation but also by the pull and push factors of the cities. The pull factors may be better quality of life, more employmentShow MoreRelatedThe Economic And Social Effects Of Globalization On Jamaica1140 Words   |  5 Pagesthe economic and social effects of globalization on Jamaica. The movie mainly describes the affects of the International Monetary Fund and the World Bank’s structural adjustment programs. 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