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

Patrik Vaněk, Luděk Kouba and Eleanor Doyle ()
Additional contact information
Eleanor Doyle: Global Competitiveness Institute, Cork University Business School, University College Cork, Ireland

No 2024-96, MENDELU Working Papers in Business and Economics from Mendel University in Brno, Faculty of Business and Economics

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.

Keywords: world city hierarchy; corporate geography; metropolitan areas; command-and-control; Fortune Global 500 (search for similar items in EconPapers)
JEL-codes: F23 R30 (search for similar items in EconPapers)
Pages: 22
Date: 2024-11
New Economics Papers: this item is included in nep-his and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://ftp.mendelu.cz/RePEc/men/wpaper/96_2024.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:men:wpaper:96_2024

Access Statistics for this paper

More papers in MENDELU Working Papers in Business and Economics from Mendel University in Brno, Faculty of Business and Economics Contact information at EDIRC.
Bibliographic data for series maintained by Luděk Kouba ().