Economic Restructuring & Economic Restructuring & the Informational City, cont.the Informational City, cont.

First – a message re the remaining First – a message re the remaining semestersemester

Project #3 – make an appointment nowProject #3 – make an appointment now

Attendance, Readings & ClassAttendance, Readings & Class

Mid-termMid-term

Mid-term GradesMid-term Grades

Percent based on 80 pointsPercent based on 80 points

A = 72-80A = 72-80 (12)(12) B = 64-71B = 64-71 (8) (8) C = 56-63C = 56-63 (4) (4) D = 48-55D = 48-55 (4) (4) F – below 47F – below 47 (1) (1)

Economic RestructuringEconomic Restructuring

From 1973 – why?From 1973 – why?

Winners & losers -?Winners & losers -? Sector of economySector of economy Regional implicationsRegional implications

Enabling technologies -?Enabling technologies -?

GlobalizationGlobalization

Economic – theorizes that local economy linked Economic – theorizes that local economy linked to global economy;to global economy; World Systems – Wallerstein’s theory of core & World Systems – Wallerstein’s theory of core &

periphery (1974)periphery (1974)

Global economy goods & services produced & Global economy goods & services produced & marketed by oligopolistic web of global corporate marketed by oligopolistic web of global corporate networks (only loosely regulated by nation-states)networks (only loosely regulated by nation-states)

Cultural – Questions the extent to which local Cultural – Questions the extent to which local cultures influences by western cultural cultures influences by western cultural expansionexpansion

World Cities World Cities

Patrick Geddes – coined term in 1915; Patrick Geddes – coined term in 1915; cities that influence ideas & business cities that influence ideas & business throughout worldthroughout world

Distinction between world cities & Distinction between world cities & megacities - ?megacities - ?

World City hypothesis – John Friedmann & World City hypothesis – John Friedmann & G. Wolff (1982)G. Wolff (1982)

World Cities Hypothesis: World Cities Hypothesis: “Way of asking questions about a “Way of asking questions about a

class of cities”class of cities”Commanding nodes of global economyCommanding nodes of global economyNot all portions of the world tied into global Not all portions of the world tied into global spatial economy [These areas live in spatial economy [These areas live in subsistence economy]subsistence economy]Large, urbanized regions defined by dense Large, urbanized regions defined by dense patterns of interaction rather than by political-patterns of interaction rather than by political-administrative boundariesadministrative boundariesHierarchy of spatial “articulations” [World Cities Hierarchy of spatial “articulations” [World Cities as command & control centers of global system]as command & control centers of global system]Cosmopolitan culture associated with world Cosmopolitan culture associated with world citiescities

London as Global CityLondon as Global City

Victorian England/ Late 20Victorian England/ Late 20thth Cent. Cent.

Yuppies vs. YuffiesYuppies vs. Yuffies

Terms coined in 1980sTerms coined in 1980s

YuppieYuppie

Yuffie (British)Yuffie (British)

DINK; LOMBARD (British)DINK; LOMBARD (British)

Informational City

Development of new international & intermetropolitan divisions of labor

Informational city – degree to which city is ‘hooked in’ (sociologist - Manuel Castells)

“space of flows” vs. space of relative location