The point of departure for the present study is that the combination of spatial dispersal and global integration has created a new strategic role for major cities. Beyond their long history as centers for international trade and banking, these cities now function in four new ways: first, as highly concentrated command points in the organizations of the world economy; second, as key locations for finance and for specialized service firms, which have replaced manufacturing as the leading economic sectors; third, as sites of production, including the production of innovations, in these leading industries; and fourth, an markets for the products and innovations produced. These changes in the functioning of cities have had a massive impact upon both international economic activity and unban form: cities concentrate control over vast resources, while finance and specialized service industries have restructured the urban social and economic order. Thus a new type of city has appeared. It is the global city. The first thesis advanced in this book is that the territorial dispersal of current economic activity creates a need for expanded central control and management. But top-level control and management of the industry has become concentrated in a few leading financial centers, especially New York, London, Tokyo, Frankfurt, and Paris. The Fundamental dynamic posited here is that the more globalized the economy becomes, the higher the agglomeration of central functions in a relatively few sites, that is, in global cities. A second major theme of this book concerns the impact of this type of these development of the national urban system in each of these countries and for the relationship of the global city to its nation-state. A third major theme explored in this book concerns the consequences of these developments for the national urban system in each of these countries and for the relationship of the global city to its nation-state. The fourth and final theme in the book concerns the impact of these new forms of, and conditions for, growth on the social order of the global city.