City and Regional Planning Department
BS in City and Regional Planning
This paper looks to identify how cities are affected by globalization. In order to attract increased investment, cities have looked towards attracting global capital. This has a homogenizing effect upon unique places of the world by imposing standardized forms of capitalist economics. This paper identifies globalization, how cities attract global capital, and how unique places in various cultures are affected by globalization. The solution proposed to combat the ill effects of globalization is to bring together global and local forces in a collaborative atmosphere. This allows for cities to receive global investment while also accounting for local culture and uniqueness.