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Re-examining global urban hierarchy of corporate geography: The rise of Pacific Rim cities and shifting command-and-control

Author

Listed:
  • Patrik Vanek

    (Department of Economics, Faculty of Business and Economics, Mendel University in Brno, Czech Republic)

  • Ludek Kouba

    (Department of Economics, Faculty of Business and Economics, Mendel University in Brno, Czech Republic)

  • Eleanor Doyle

    (Global Competitiveness Institute, Cork University Business School, University College Cork, Ireland)

Abstract

This paper investigates the dynamic evolution of world city hierarchy from 1996 to 2023, emphasising metropolitan areas as global command-and-control centres. The paper proposes a classification of the diverse literature on world/global cities and develops an analytical framework revisiting Godfrey and Zhou’s (1999) approach. Using the Fortune Global 500 list and Refinitiv Eikon database data, the paper explores trends in global command-and-control centres by analysing the locations of corporate and regional headquarters. The paper reveals a shift towards Pacific Rim cities, a strengthening position of US cities, Europe’s decline, and persistent command and control disparity. Beijing has surpassed traditional leaders such as New York, Tokyo, and London, emerging as a dominant economic command-and-control centre.

Suggested Citation

  • Patrik Vanek & Ludek Kouba & Eleanor Doyle, 2024. "Re-examining global urban hierarchy of corporate geography: The rise of Pacific Rim cities and shifting command-and-control," MENDELU Working Papers in Business and Economics 2024-96, Mendel University in Brno, Faculty of Business and Economics.
    • Handle: RePEc:men:wpaper:96_2024
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    More about this item

    Keywords

    world city hierarchy; corporate geography; metropolitan areas; command-and-control; Fortune Global 500;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General

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