Globalization and Cities

Globalization is defined as a process of interaction or integration of national economic systems through the growth in international trade, investment and capital, and spread of modern technologies of industrial production and communication. It is a process whereby the world’s economies, societies, and cultures are becoming closely intertwined. Globalizing processes are breaking down barriers to cross-national flow of people, goods, services, ideas, and technology. It seeks to eliminate political and geographical distances between peoples through the technological revolution. Globalization is characterized by more interconnectedness, interdependence, and integration. A city is a large human settlement with a distinct social, economic, and political function. A city is the central location for capital, labor, and information