Its raison d’être consists of high-level tertiary functions. Secondly, the territorial dispersal that characterises the "global assembly line" (the production of goods in factories scattered throughout the world) has generated a need for highly centralized control and management from a spatial viewpoint.įrom the functional point of view the Global City is a post-industrial one. In the first place, the decentralization of economic activity has not been accompanied by a parallel decentralization in the property of the capital. For Saskia Sassen the centralization–decentralization dichotomy obeys the internal logic of late capitalism. Although globalization is characterized by a powerful decentralizing tendency, this appears in tune with acute tendencies that point in the opposite direction.
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