The paper "Globalization and Urban Development" is a wonderful example of a report on macro and microeconomics. Globalization is a topic that has received massive attention in literature with reference to all aspects of the contemporary human being. It is not a single phenomenon but an umbrella concept describing a range of forces that are driving modern social, cultural, and economic operations. ‘ Googling’ the term globalization on 15th May 2012 would get millions of hits from the largest search engine. The term has been used differently in various disciplines.
Essentially, all definitions and applications have an underlying tenet: the globalization is real and has profound effects on all humanity. In an attempt to define the term, Boudreaux (2008) cites it as simply the “ advance of human co-operation across national boundaries” (page 1). It is both a force and a process that involves cross-border interaction and integration of people and economic entities as directed by international economics and trade and technological advancement. It entails the movement and the potential to move for key economic pillars such as trade, technology, investment, finance, and labor.
With globalization, the world has become a web or matrix of associations with the characteristic transfer of ripple effects across boundaries. Globalization has had and far-reaching implications on cities across the globe. This paper attempts to discuss the impacts globalization has had on the Sydney Metropolitan region with reference to socio-economic development and general growth. It shall also explore wider impacts on the regional and national governments and the response of the NSW government to globalization as reflected in metropolitan planning. Globalized Sydney Globalization's direct impact on Sydney is its new state as a global city.
Due to the forces of globalization, there have been significant changes in the city especially with regard to its growth. This implies a need for proactive measures so that the city is well-positioned to deal with the growth. According to McGuirk & O'Neill (2002), Sydney metropolitan strategies have over time been overtaken by the economic, social, and environmental conditions of the times. This is since their inception in post-war Australia. This may be the case as globalization-driven changes threaten to overtake the plans amidst highly competitive markets, proliferation, potential market disadvantage, and poor urban social development outcomes.
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