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 IndicatorsEconomicPoliticalCulturalIndustrial• Active• Corporate headquartersmultinationalcorporations,• International financialinstitutions,• Significant financialcapacity/output:city/regional GDPFinancial serviceFirst-namefamiliarityNew YorkTokyoLondonAdvancedinfluence andtransportationsystem• Majorinternationalairports andports• Advancedcommunications• Skyscrapersparticipationoninternationalevents andworld affairsParis• Highly renownedcultural• Hostingheadquartersforprovision e.g., banks,accountancy• Costs of livingpersonal wealth; e.g.,number of billionairesinternationalorganizations(ex. UN)• Largemetropolitaninstitutions,galleries, sportscomplex, filmcenters, operaInfluential mediaproduced (ex.NYT)Educationalarea.• Quality of lifestandardsinstitutionsTourismExpatcommunities

Global city is a city that is considered to be within the global network and has expanded its…

Answered: Based on these indicators, do you think…

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

Section: Chapter Questions

Problem 1.1P

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