Quote note (#119)
This seems right:
Razeen Sally, a visiting associate professor at the Lee Kuan Yew School of Public Policy, wrote this year in Singapore’s Straits Times that: “A global city is where truly global services cluster. Business — in finance, the professions, transport and communications — is done in several languages and currencies, and across several time zones and jurisdictions. Such creations face a unique set of challenges in the early 21st century. Today, there appear to be only five global cities. London and New York are at the top, followed by Hong Kong and Singapore, Asia’s two service hubs. Dubai, the Middle East hub, is the newest and smallest kid on the block. Shanghai has global-city aspirations, but it is held back by China’s economic restrictions — the vestiges of an ex-command economy — and its Leninist political system. Tokyo remains too Japan-centric, a far cry from a global city.”
It’s a striking indication of the extent to which the world order remains structured by the Anglo-Colonial legacy. However one would like to see the world run, this hub-net is an essential clue to the way it is run now.