![]() ![]() The British museum and the Louvre hold significant volumes of the the world's classic paintings and draw large tourist numbers to London and Paris respectively. World Cities will also house museums and galleries of prestige. ![]() The poorest half of the global population owns just 2 of the global total, while the richest 10 own 76 of all wealth. And, when it comes to wealth (valuable assets and items over and above income), the gap is even wider. For example the Major football stadiums (such as O2 arena) and concert halls (such as Maddison Square Garden) attract the largest crowds. On average, an individual from the top 10 will earn 122,100, but an individual from the bottom half will earn just 3,920. But he fails to explain the relationship between these criteria and his global urban. World Cities derive cultural authority from playing host to major cultural events and from having the venues to do so. Friedmanns world city hierarchy: rank- ordering based on nature of integration with he world economy. Convention centres, hotels and prestigious restaurants all facilitate the interaction of people. World Cities also need a physical infrastructure that supports this. While this function has been weakened by social media and IT advancement, face to face contact remains important for its power and in many instances is a cultural requirement for the trusting relationships on which business is built. ![]() World cities allow business and cultural leaders to meet and exchange ideas. ![]()
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