Global city

A global city, also called world city or sometimes alpha city or world center, is a city generally considered to be an important node in the global economic system. The concept comes from geography and urban studies, and the idea that globalization can be understood as largely created, facilitated, and enacted in strategic geographic locales according to a hierarchy of importance to the operation of the global system of finance and trade.

The most complex of these entities is the "global city", whereby the linkages binding a city have a direct and tangible effect on global affairs through socio-economic means. The use of "global city", as opposed to "megacity", was popularized by sociologist Saskia Sassen in her 1991 work, The Global City: New York, London, Tokyo; although the term "world city", which refers to cities that control a disproportionate amount of global business, dates to at least the May 1886 description of Liverpool, by The Illustrated London News.Patrick Geddes also used the term "world city" later in 1915. More recently, the term has been described as being synonymous with a city's influence and 'financial capital', with other factors becoming less relevant.

Bonifacio Global City

Bonifacio Global City (also known as BGC, Global City, or The Fort) is a financial district in Taguig City, Metro Manila, Philippines. It is located 11 km (6.8 mi) south-east of the center of Manila in an area disputed between the cities of Makati and Taguig as well as the municipality of Pateros. The area is currently under jurisdiction of the city of Taguig. In recent years, the district has experienced robust commercial growth through the sale of military land by the Bases Conversion and Development Authority (BCDA). The entire district used to be the part of the main Philippine Army camp.

In 1995, Bonifacio Land Development Corporation (BLDC) started planning a major urban development—Bonifacio Global City. BLDC made a successful bid to become BCDA's partner in the development of the district. The Ayala Corporation through Ayala Land, Inc., and Evergreen Holdings, Inc. of the Campos Group purchased a controlling stake in BLDC from Metro Pacific in 2003. BCDA and the two companies now control Fort Bonifacio Development Corporation, which oversees the master planning of Bonifacio Global City.

Global

Global means of or referring to a globe and may also refer to:

Entertainment

Companies and brands

Development corporations

Development corporations are bodies set up in England and Wales by the UK government charged with the urban development of an area, outside the usual system of Town and Country Planning in the United Kingdom. Members are appointed by central government and hence they are considered QUANGOs.

New Town development corporations were set up for all the designated New Towns in the United Kingdom. Urban development corporations also existed, which dealt with regeneration in already built-up areas.

Urban development corporations

New town development corporations

Mayoral development corporations

The Localism Act 2011 permitted the Mayor of London to create mayoral development corporations in Greater London.

See also

Footnotes

References

Urban Renewal Authority

The Urban Renewal Authority (Chinese: 市區重建局; URA) is a quasi-governmental, profit-makingstatutory body in Hong Kong responsible for accelerating urban redevelopment.

History

The authority's predecessor, the Land Development Corporation (土地發展公司, or 土發 for short), was founded in 1988. The new Urban Renewal Authority was founded in 1999 with the aim of speeding up urban renewal. Difficulties reaching agreement on compensation packages for people affected by planned redevelopments delayed the actual commencement of the URA. The agency was finally established on 1 May 2001 and the LDC was dissolved the same day.

A main difference between the former LDC and the URA is the URA's ability to directly resume land (akin to expropriation in other countries). The LDC was required to undertake lengthy negotiations with owners in order to acquire land, and had to demonstrate that it had taken all steps to acquire land on a fair and reasonable basis before it could apply to the Secretary for Planning, Environment and Lands for compulsory land resumption. The difficulty in overriding dissenting property owners was the main reason the LDC was slow to undertake urban renewal.