London: A Global City Essay

The first industrial revolution, evolved in London, allowed many advances in many scopes for the British capital. Actually, those upheavals give her the access to the world’s market, her power spread worldwide, its networks of influence never stopped extending. Now, those stamps pin down London. That’s why, today, London is considered as Europe’s capital, London is a global city, attracting nowadays diverse strategic activities.

Firstly, London is a big economic place, contracting the most influential corporations of the world. For London, the major stake consists on attracting foreigners companies because they are the only ones who can extend London’s influence worldwide, they represents huge opportunities. London’s CBD is the oldest in the world, furthermore London is one of the world’s top business place in front of New York. London is able to attract highly skilled and talented corporations from across the globe. Consequently, it shows that the quality of its workforce is unrivalled elsewhere. Openness to foreign operators is the key of London’s economic success. Thus, we know that 40% of the world’s foreign equities are traded in the City, more than New York and over 30% of the world’s currency exchanges take place here, more than New York and Tokyo combined. At last, 80% of London’s business is international. That’s the reason why London have the highest GDP in Europe. London’s soaring is due to innovations in science, technology and design which offers significant competitive advantage.

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The economic feats of London have an impact on her landscape. First of all, we can say that London’s monuments are the reflection of the British contemporaneity. But not only, they have several roles, first they represent the new worldwide …

…nd a way to spread its influence worldwide, to develop the tourism, by organizing huge events like the Olympic Games in 2012. London’s urban planning has allowed her the promoting of culture exchanges with big migration flows and trade with the settlement of foreigners networks in the city.

Inexorably, London is a metropolis: in one hand we have this huge concentration of population in the center of the city (urbanization) which worth her the title of the most urbanized city in the world, and in the other hand the increasing of strategic activities by taking a stand in the globalization. This process of metropolization, owed by the globalization, gave to London a new skyline made up of skyscrapers and futuristic monuments which competes implicitly other metropolises. London is a bold city, attracting since always a multitude of activities.

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