Discover how the world's most influential cities transformed into command centers for the global economy in Saskia Sassen's groundbreaking work. Sassen's unique theoretical framework sheds light on the formation of cross-border dynamics, revealing how these cities form strategic transnational networks. In this updated edition, Sassen explores the latest trends in globalization, making this book a must-read for anyone interested in the global economy and its impact on urban centers." Recommended for students of economics, urban studies, and international relations, as well as professionals in business and government, Saskia Sassen's work offers a unique perspective on the formation of global cities and their impact on the world economy. This book is particularly relevant to those interested in understanding the role of transnational networks in shaping the global economy, and how cities like New York, London, and Tokyo have become key players in this process. It also sheds light on the challenges and opportunities faced by urban centers in an increasingly interconnected world.

The center of gravity of the urban world is shifting towards emerging markets, with China leading the way. By 2025, 136 new cities are expected to enter the top 600, and middleweight cities are predicted to contribute more than half of global growth. MGI's Cityscope database provides insights for companies and policymakers to navigate the increasing complexity of larger cities.

Are you passionate about making a positive impact in your community? Do you have a knack for leadership and problem-solving? If so, a career as a City Manager might just be the perfect fit for you! As a City Manager, you will play a crucial role in the day-to-day operations of your city. You will be responsible for overseeing all aspects of city operations, from managing budgets and implementing policies to ensuring the safety and well-being of your citizens. One of the most appealing aspects of this role is the opportunity to make a real difference in your community. Whether you're working to improve infrastructure, promote economic growth, or provide essential services to your citizens, you will have the power to shape the future of your city. In addition to the meaningful work, a career as a City Manager also offers a wide range of potential specializations. You may choose to focus on areas such as urban planning, public safety, or environmental sustainability, depending on your interests and expertise. To become a City Manager, you will need to have a strong educational background. Popular undergraduate programs and majors include public administration, political science, and business management. You may also choose to pursue a master's degree in a related field to further enhance your skills and knowledge. In terms of personal attributes, successful City Managers tend to be strong communicators, strategic thinkers, and effective problem-solvers. They are also highly organized and able to manage multiple priorities simultaneously. The job prospects for City Managers are promising, with many opportunities available in both the public and private sectors. Notable employers include the City of New York, the City of London, and the City of Tokyo, among others. So, if you're looking for a career that combines meaningful work with the opportunity to make a real difference in your community, consider becoming a City Manager. With hard work, dedication, and a passion for public service, you could be on your way to a rewarding and fulfilling career!

Contrary to popular belief, small businesses can benefit from minimum wage increases. A new study from UC Berkeley shows that higher wages lead to less turnover, increased productivity, and better recruitment. The study challenges the conventional wisdom that small businesses suffer more from higher labor costs and are more likely to cut jobs. The findings have significant implications for public policy and reduce poverty and financial insecurity.

Fred Block and Margaret Somers' book "The Power of Market Fundamentalism" delves into the paradox of why free-market ideas have persisted despite their failures. Drawing from Karl Polanyi's work, the authors explain how the free market championed by market liberals never existed and why markets cannot be self-regulating. The book reveals the theoretical flaws of market principles and how they threaten social life when public goods are subjected to market principles. This intellectually stimulating read is perfect for students interested in economics, political science, and sociology. Recommended for students of economics, political science, and sociology, "The Power of Market Fundamentalism" is a thought-provoking analysis of the paradoxical persistence of free-market ideas despite their failures. Fred Block and Margaret Somers' book extends Karl Polanyi's work to explain how markets cannot be self-regulating and why they require ongoing state action. The authors reveal the theoretical flaws of market principles and how they endanger social life when public goods are subjected to market principles. This book is relevant to professionals in public policy, business, and finance, as well as those interested in exploring the intersection of politics and economics.

Urban inequalities refer to the disparities and imbalances in opportunities, resources, and outcomes among different groups of people living in urban areas. This includes issues such as poverty, housing insecurity, racial and ethnic disparities, access to education and healthcare, and more. One of the leading academics in the field is sociologist and author, Loic Wacquant. Wacquant argues that the root causes of urban inequalities can be traced to broader social, political and economic structures and processes. He has written extensively on the ways in which the state and market forces interact to produce and reinforce urban inequalities, particularly in the global North. Another important figure in the study of urban inequalities is economic geographer David Harvey. Harvey has famously argued that urban inequalities are a result of the way that capitalism functions, and has developed the concept of "spatial fixes" to describe how capital seeks out new and profitable opportunities in the urban environment. The statistics on urban inequalities are staggering. For example, it has been estimated that in the United States, the poverty rate for urban residents is over double that of rural residents. Median incomes in rural areas of the Northeast and Midwest ($62,291 and $55,704 respectively) were higher than in the regions’ urban areas ($60,655 and $51,266) while that in the South and West ($50,989 and $58,541) were higher than in rural areas ($46,891 and $56,061). However, across all four regions, poverty rates were consistently lower for rural residents. In many cities around the world, racial and ethnic minorities are more likely to live in poverty and experience housing insecurity. The COVID-19 pandemic has only exacerbated these disparities, with low-income urban residents being disproportionately affected. Despite the challenges, there are also inspiring stories of communities and individuals working to address urban inequalities. For example, community-led organizations in cities like Detroit and Baltimore are working to revitalize neighbourhoods and provide resources and support to residents. Activists and advocates are also pushing for policy changes at the local, state and national levels to address the root causes of urban inequalities.

Enter the mind of Adam Smith, the father of modern economics, and explore his magnum opus, 'The Wealth of Nations'. This classic work, considered the first modern work of economics, delves into the nature and causes of wealth in society. Smith's insights on political economy and moral philosophy continue to shape economic thought today. With an unabridged and illustrated eBook report, readers can navigate through Smith's complex ideas with ease. Discover the antidote to superstition and enthusiasm with 'The Wealth of Nations'." Recommended for students of economics, political science, and philosophy, as well as anyone interested in the history of economic thought. This book provides a foundational understanding of modern economics and the role of government in shaping economic policy. Additionally, those interested in the intersection of morality and economics will find Smith's insights on the subject thought-provoking. The book is also valuable for professionals in the fields of finance and business, as it offers a historical perspective on the evolution of economic systems. Overall, 'The Wealth of Nations' is a must-read for anyone seeking to deepen their understanding of economics and its impact on society.

Robert Frank's "The High-Beta Rich" exposes the untold story of the high-beta rich and their impact on the American economy. With vivid storytelling, Frank takes readers inside the mortgaged mansions, blown-up balance sheets, and repossessed Bentleys and Gulfstreams. The book highlights how the top 1% of the population, who control more than a third of the country's wealth, are becoming an increasingly unstable force in the economy, wreaking havoc on communities, employment opportunities, and government finances. This engrossing read is a must for anyone interested in understanding the national consequences of high-beta wealth. Recommended for economics and business students, policymakers, and anyone interested in understanding the impact of wealth inequality on the economy and society. The book's insights into the volatile nature of high-beta wealth and its consequences for communities, employment opportunities, and government finances make it an important read for those concerned with economic stability and social justice. The book's vivid storytelling and analysis of the lives of the high-beta rich also make it an entertaining read for anyone interested in the lifestyles of the wealthy.

Are you interested in making a difference in your community or even the world? If so, Public Administration might just be the field of study for you! Public Administration is a fascinating and rewarding field that involves managing and leading public organizations and programs that serve the public interest. Public Administration is a diverse field that covers a wide range of topics, from budgeting and finance to policy analysis and implementation. It is a field that combines theory and practice, and it is often grounded in real-life examples of successful public programs and initiatives. For example, did you know that the New York City Department of Transportation created a program called "Citi Bike" that has revolutionized the way people get around the city? This program was designed and implemented by public administrators who had a vision for a more sustainable and accessible transportation system. If you're interested in research and innovation, Public Administration has plenty to offer. There are many well-known academic figures in this field who have made significant contributions to our understanding of public policy and administration. For example, James Q. Wilson was a renowned political scientist who wrote extensively on the role of bureaucracy in modern society, while Mary Parker Follett was a pioneering management theorist who emphasized the importance of collaboration and cooperation in organizational settings. At the undergraduate level, Public Administration majors typically take courses in areas such as public policy, budgeting and finance, and organizational behavior. There are also many opportunities for further specialization, such as in areas like environmental policy or healthcare administration. For example, if you're interested in healthcare, you might study how public hospitals are managed and how healthcare policies are developed and implemented. So what kind of jobs can you get with a degree in Public Administration? The possibilities are endless! You could work for a government agency, a non-profit organization, or even a private company that works closely with the public sector. Some popular career paths include city manager, policy analyst, or public relations specialist. And if you're interested in working for a specific organization, there are plenty of attractive potential employers to choose from, such as the United Nations, the World Health Organization, or the Environmental Protection Agency. To succeed in Public Administration, it's important to have a strong work ethic, excellent communication skills, and a passion for serving the public interest. If you're interested in making a difference in your community and beyond, then Public Administration might just be the perfect field of study for you!

Andrew Ross Sorkin's "Too Big to Fail" is a gripping account of the financial crisis that shook the world economy to its core. With unprecedented access to the key players involved, Sorkin takes us behind the scenes of secret meetings in South Korea, the corridors of Washington, and the corner office at Lehman Brothers. The book is a real-life thriller, revealing never-disclosed details and the decisions made on Wall Street that sowed the seeds of the debacle. This is a must-read for anyone interested in the world of finance, politics, and the fate of the global economy. Recommended for finance enthusiasts, political science students, and anyone interested in understanding the causes and consequences of the 2008 financial crisis. This book provides a moment-by-moment account of how the crisis developed into a global tsunami, with unprecedented access to the key players involved. It sheds light on the decisions made on Wall Street that led to the collapse of Lehman Brothers and the subsequent bailout of the world's biggest banks. Anyone looking to gain insights into the workings of the finance industry and the role of politics in shaping the global economy will find this book a fascinating read.

Are you fascinated by the global economy and the way businesses operate across borders? Do you dream of working with international corporations and making a difference in the world of commerce? If so, then International Business might be the perfect field of study for you! International Business is a dynamic and exciting field that explores the complexities of global trade and commerce. It involves understanding the cultural, political, and economic factors that impact international business activities, as well as the strategies and tactics that businesses use to succeed in the global marketplace. One of the most appealing aspects of studying International Business is the opportunity to learn about real-life examples of successful global business ventures. For instance, did you know that Coca-Cola is sold in over 200 countries around the world, or that IKEA has stores in over 50 countries? These companies are just a few examples of how businesses can thrive in the global marketplace. In addition to learning about successful global businesses, students of International Business have the opportunity to engage in cutting-edge research and innovation. For instance, researchers in this field are exploring the impact of emerging technologies like blockchain and artificial intelligence on global business practices, as well as the potential for sustainable business models to drive positive social and environmental change. At the undergraduate level, students of International Business typically study a range of modules that cover topics such as global marketing, international finance, and cross-cultural management. They may also have the opportunity to specialize in areas like international trade law or global supply chain management. After graduation, there are a wide range of potential career paths for students of International Business. Some may choose to work for multinational corporations like Procter & Gamble or Nestle, while others may pursue careers in international development or diplomacy. Key industries for prospective future employment include finance, consulting, and logistics, with notable employers including Deloitte, J.P. Morgan, and DHL. To succeed in this field, students should possess a range of personal attributes, skills, and subject interests. These may include a strong interest in global affairs, excellent communication and interpersonal skills, and a solid foundation in business and economics. With these qualities, students of International Business can look forward to a rewarding and fulfilling career in the dynamic and ever-changing world of global commerce.

Have you ever wondered why some CEOs earn hundreds of times more than their employees? In recent years, the topic of excessive CEO compensation has gained widespread attention and sparked intense debate. While some argue that CEOs deserve high pay for their leadership and contributions to their companies' success, others believe that such compensation is unjustified and contributes to economic inequality. In this write-up, we will explore the justifications for and advances in the area of excessive CEO compensation, and discuss the impact it has on the economy and society at large. One common argument in favor of excessive CEO compensation is that it serves as an incentive for CEOs to work harder and make better decisions. Supporters of this view believe that the promise of a large salary and bonuses motivates CEOs to maximize their companies' profits and shareholder value. However, critics argue that this argument is flawed, as there is little evidence to suggest that higher pay leads to better performance. In fact, some studies have found that excessive CEO compensation can lead to short-term thinking, risk-taking, and unethical behavior. In recent years, there have been several advances in the area of excessive CEO compensation. One significant development is the increased attention and scrutiny placed on CEO pay by shareholders, activists, and the media. This has led to a greater focus on the link between CEO pay and company performance, as well as the need for greater transparency and accountability in executive compensation. Another development is the rise of shareholder activism, in which investors use their power to influence companies' decisions on CEO pay and other issues. To fully understand the topic of excessive CEO compensation, it is important to be familiar with certain academic terms and concepts. One such term is "pay ratio," which refers to the ratio of CEO pay to median employee pay. Another important concept is "stock options," which are a form of executive compensation that gives CEOs the right to buy company stock at a set price. Additionally, "agency theory" is a key concept that is used to explain and resolve issues in the relationship between CEOs and their companies' shareholders. Several leading academics have made significant contributions to the study of excessive CEO compensation. One of these scholars is Lucian Bebchuk, a professor at Harvard Law School who has written extensively on the topic. Bebchuk argues that excessive CEO pay can lead to a misalignment of interests between executives and shareholders, and calls for reforms to address this issue. Another important academic in this area is Steven N. Kaplan, a professor at the University of Chicago Booth School of Business. Kaplan's research focuses on the link between CEO pay and company performance, and he has found that the relationship between the two is more complex than previously thought. Excessive CEO compensation is a complex and controversial topic that has significant implications for the economy and society.

The Imperial College Business School conducted a study that reveals the wealth gap in the US has grown faster than in Europe, and the primary cause of this phenomenon is the significant increases in stock market prices. The research aims to explore the reasons behind the growing wealth inequality in the US and identify the necessary actions to address it.

If you have a passion for making a positive impact on society and shaping the world we live in, then a career in public policy might be the perfect fit for you. Public policy professionals work in a wide range of fields, from government and non-profit organizations to international organizations and think tanks. Their work involves analyzing social and economic issues, developing policies, and implementing solutions that address complex problems facing society. One of the most appealing aspects of a career in public policy is the opportunity to make a tangible difference in people's lives. Public policy professionals can work on issues such as climate change, poverty, education, and healthcare, among others. For instance, they can advocate for environmental protection policies that reduce greenhouse gas emissions and mitigate the impact of climate change, or they can develop programs that increase access to healthcare services for underserved communities. As a public policy professional, your typical duties might include conducting research, analyzing data, and working with stakeholders to develop policies that address a specific issue or problem. You may also be responsible for evaluating the effectiveness of existing policies and proposing improvements. Depending on your interests and strengths, you can specialize in a particular area of public policy, such as healthcare, education, environmental policy, or international relations. To pursue a career in public policy, you typically need a bachelor's degree in a relevant field, such as political science, economics, or public administration. Some popular undergraduate programs and majors in this field include Bachelor of Arts in Political Science, Bachelor of Science in Public Policy, Bachelor of Arts in Economics and Bachelor of Science in Public Administration. In addition to academic credentials, public policy professionals need certain personal attributes to be successful. These include strong analytical and critical thinking skills, excellent communication and interpersonal skills, and a commitment to public service and social justice. The job prospects for public policy professionals are excellent, with a wide range of employers across the public and private sectors. Some notable employers in this field include the United Nations, the World Bank, the International Monetary Fund, the Environmental Protection Agency, and the U.S. Department of State..

When we think of governance, we often imagine a group of officials making decisions on behalf of a larger population. But there's another approach to governance that's gaining attention: multi-stakeholder governance. What is multi-stakeholder governance, and how does it differ from traditional forms of governance? At its core, multi-stakeholder governance is about collaboration between different groups of stakeholders to make decisions that affect them all. Instead of a top-down approach, where decisions are made by a single group, multi-stakeholder governance involves a variety of stakeholders, including government officials, non-governmental organizations, businesses, and community members. One of the key benefits of multi-stakeholder governance is that it can lead to more effective and equitable decision-making. By bringing together diverse perspectives and experiences, multi-stakeholder governance can help ensure that everyone's voice is heard and that decisions reflect the needs and concerns of all stakeholders. This approach can be particularly effective in addressing complex issues that require a broad range of expertise and input. But multi-stakeholder governance isn't without its challenges. Collaboration can be difficult, and finding common ground among different stakeholders can be a time-consuming and complex process. In addition, power imbalances can arise, with some stakeholders having more influence or resources than others. Despite these challenges, multi-stakeholder governance has gained traction in a variety of sectors, from environmental management to public health. For example, the Forest Stewardship Council (FSC) is a multi-stakeholder governance initiative that promotes responsible forest management by bringing together environmental, social, and economic stakeholders. The Global Alliance for Vaccines and Immunization (GAVI) is another multi-stakeholder initiative that works to increase access to immunization in low-income countries. Leading academics in the field of multi-stakeholder governance include Elinor Ostrom, who won the Nobel Prize in Economics in 2009 for her work on the governance of common-pool resources, and Mark Anner, who has researched multi-stakeholder governance in global supply chains. In conclusion, multi-stakeholder governance is a unique approach to decision-making that emphasizes collaboration and inclusivity. While it presents some challenges, it has the potential to be a powerful tool for addressing complex issues and ensuring that all voices are heard. By exploring examples such as the FSC and GAVI, and learning from leading academics such as Ostrom and Anner, students can gain a deeper understanding of this important concept and its potential to make a positive impact in the world.

Economics is the scientific investigation of how human societies utilize limited resources to satisfy their desires and demands. It offers a comprehensive view of how people, corporations, and authorities determine the most efficient methods of generating, exchanging, and consuming products and services to achieve their objectives. One of the most interesting aspects of Economics is the way it applies to real-world scenarios. For example, how the price of a particular good affects consumer behavior, or how international trade agreements can impact economies on a global scale. This makes it a relevant and meaningful subject to study. The field of Economics is constantly evolving, with new research and innovations being produced all the time. For example, the recent Nobel Prize-winning work of Esther Duflo and Abhijit Banerjee in the area of development economics, which looks at ways to alleviate poverty and improve the lives of people in developing countries. The work of Paul Krugman in international trade and Joseph Stiglitz in information economics are also important contributions to the field. At the undergraduate level, typical majors in Economics include microeconomics, macroeconomics, econometrics, and international economics. These modules provide students with a foundation in economic theory, statistical analysis, and problem-solving. From there, students can specialize in areas such as financial economics, environmental economics, or public policy. A degree in Economics can lead to a wide range of careers in various industries. Some examples of potential jobs include financial analyst, market research analyst, economist, data analyst, and policy analyst. Notable employers in this field include the World Bank, International Monetary Fund, and Federal Reserve. Additionally, many private companies such as Amazon and Google hire economists to help with business strategy and analysis. To succeed in Economics, it is helpful to have strong analytical and problem-solving skills, as well as an interest in current events and trends. Students who enjoy math and data analysis will also find this subject rewarding.

Rural areas face unique challenges in accessing support and navigating the welfare system, leading to increased poverty and vulnerability. Newcastle University's research highlights the importance of local knowledge and community organizations in addressing financial hardship in rural areas. Find out how policies can be improved to better support those living in remote and island areas.

Urban rejuvenation refers to the process of revitalizing declining or run-down urban areas, often through physical, economic, and social improvements. In recent years, cities around the world have been facing a range of challenges, such as population growth, urbanization, and environmental degradation, making urban rejuvenation an increasingly important topic of study. Leading academics in the field of urban rejuvenation, such as Richard Florida and Jane Jacobs, have made significant contributions to our understanding of the factors that contribute to the success of urban rejuvenation projects. For example, Florida's theory of the "creative class" highlights the role of talented and creative individuals in driving economic growth and revitalization in cities, while Jacobs' ideas about the importance of vibrant and diverse street life and mixed-use developments have influenced urban design and planning practices. Did you know that according to the World Health Organization, over half of the world's population now lives in cities? This means that the success of urban rejuvenation projects is becoming increasingly important for the well-being of millions of people. In addition, a recent study by the Urban Land Institute found that in the United States alone, over $150 billion has been invested in urban revitalization projects in the past decade. There are many exciting and innovative approaches to urban rejuvenation, ranging from community-led initiatives to large-scale government projects. For example, the High Line in New York City, a former elevated railway that was transformed into a public park, has become a popular destination and a symbol of urban renewal. In Detroit, the Greening of Detroit organization is working to create green spaces and promote sustainable agriculture in the city, with the goal of improving the health and well-being of residents.

Do you want to make a difference in the world and help create positive social change? Social impact investing might be the career for you! This field is all about investing money in organizations that aim to create social and environmental impact alongside financial returns. It’s an exciting and meaningful field with a growing impact on our society and the world we live in. As a social impact investor, you’ll be part of a movement that is transforming traditional finance by investing in ventures that align with social and environmental values. Your work can span a wide range of industries, from renewable energy and affordable housing to health care and education. For example, you could help fund a community health center or a microfinance organization that supports small business owners in developing countries. The potential areas of specialization in social impact investing are diverse and can vary depending on the specific mission of the organization. Some impact investors focus on specific sectors or industries, while others work on global issues like climate change and poverty alleviation. Some even work to create impact investing policies and frameworks, shaping the industry as a whole. Typically, a degree in finance, economics, business or a related field is required for this career. Many universities offer specialized undergraduate programs in impact investing, such as the Sustainable Finance and Impact Investing program at NYU or the Sustainable Business and Social Impact program at the University of Michigan. Additionally, many MBA programs now offer courses in social impact investing. Helpful personal attributes for a career in social impact investing include a passion for social justice, strong analytical skills, and an entrepreneurial spirit. You should also have excellent communication and interpersonal skills, as you’ll be working closely with a wide range of stakeholders, including investors, social entrepreneurs, and nonprofit organizations. Job prospects in social impact investing are very promising, with many public and private sector organizations looking to hire impact investing professionals. Notable employers in this field include Acumen, Bridges Fund Management, Blue Haven Initiative, and Omidyar Network. Additionally, many large financial institutions, such as Goldman Sachs, are developing impact investing divisions.

Want to reduce gun violence in your community? A new study from University of Pennsylvania and Columbia University shows that fixing abandoned houses with new doors, windows, and trash cleanup can lead to significant drops in nearby gun violence. A simple and inexpensive solution for local governments to address the current crisis!