The two major forces shaping the global economy are globalisation and urbanisation. Both these forces have both contributed to a much greater role of global cities for the way an economy is structured. A global city is a large city but not necessarily a mega city - a city defined by the size of...

In this paper, we combine the concepts of location, liability of foreignness (LoF), and their relation to factors that drive multinational enterprises (MNEs) towards, or away from, global cities. We argue that three interrelated characteristics of global cities – cosmopolitanism, availability...