Based on these indicators, do you think Iloilo City is a global city or not? Answer in not less than 7 sentences and not more than 10 sentences. Be sure to support your answer with concrete examples.

ECON MICRO
5th Edition
ISBN:9781337000536
Author:William A. McEachern
Publisher:William A. McEachern
Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance
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Based on these indicators, do you think Iloilo City is a global city or not? Answer in not less than 7 sentences and not more than 10 sentences. Be sure to support your answer with concrete examples.

Global City: Key Indicators
Economic
Political
Cultural
Industrial
• Active
• Corporate headquarters
multinational
corporations,
• International financial
institutions,
• Significant financial
capacity/output:
city/regional GDP
Financial service
First-name
familiarity
New York
Tokyo
London
Advanced
influence and
transportation
system
• Major
international
airports and
ports
• Advanced
communications
• Skyscrapers
participation
on
international
events and
world affairs
Paris
• Highly renowned
cultural
• Hosting
headquarters
for
provision e.g., banks,
accountancy
• Costs of living
personal wealth; e.g.,
number of billionaires
international
organizations
(ex. UN)
• Large
metropolitan
institutions,
galleries, sports
complex, film
centers, opera
Influential media
produced (ex.
NYT)
Educational
area.
• Quality of life
standards
institutions
Tourism
Expat
communities
Transcribed Image Text:Global City: Key Indicators Economic Political Cultural Industrial • Active • Corporate headquarters multinational corporations, • International financial institutions, • Significant financial capacity/output: city/regional GDP Financial service First-name familiarity New York Tokyo London Advanced influence and transportation system • Major international airports and ports • Advanced communications • Skyscrapers participation on international events and world affairs Paris • Highly renowned cultural • Hosting headquarters for provision e.g., banks, accountancy • Costs of living personal wealth; e.g., number of billionaires international organizations (ex. UN) • Large metropolitan institutions, galleries, sports complex, film centers, opera Influential media produced (ex. NYT) Educational area. • Quality of life standards institutions Tourism Expat communities
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