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TopCity Networks: Traditional Approaches And Their Limitations
As Taylor (in press) points out, city rankings have become increasingly popular in the current context of neoliberalism, in which the principle of economic competitiveness is no longer limited to the economic field but invades all social sectors, which are also increasingly evaluated in terms of economic efficiency and their contribution to the global economic process.
Traditional studies of global city networks share the premise that these networks are formed essentially from the financial and economic relationships that exist between companies with offices in the cities in question and that any studies of these new network configurations must focus primarily on the economic and financial flows that connect the cities and support the current global economic system. Hence, according to Sassen (2007, p. 36), there are today around 40 cities that make up a “network of global cities [that] constitute a power space containing the infrastructure and capacities needed to manage the international operations of global companies and markets.” The criterion for including cities in the category of global cities is the “intensity of the transactions between these cities, especially those related to finance, services and investment” (Sassen, 2007, p. 41). Similar emphasis is also placed on economic, financial and service flows by Taylor, for whom the world city network is based on the working flows that connect companies in different cities. For Taylor, the position in the network occupied by each city is measured by the services it renders to global capital, i.e., an attempt is made to determine the “service value of a city to a firm” (Taylor, in press; Taylor, Catalano, & Walker, 2002) in order to arrive at a “new economic geography of services” (Taylor, et al., 2002, p. 98). A similar leaning towards the economic dimension can also be observed in Friedmann, who highlights the economic variable as “likely to be decisive for all attempts at explanation” (Friedmann, 1986, p. 69) and therefore uses “the form and extent of a city’s integration with the world economy” (Friedmann, 1986, p. 70) as the criterion for identifying the position of each city in the World City Hierarchy or, even more simplistically, posits “a cut-off point for identifying world cities in national economies of less than $200 billion GNP in 1989 prices” (Friedmann, 2001, p. 2536)1.