Home prices and inequality: Singapore versus other global superstar cities

• Main Author: PHANG, Sock Yong
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2015
• Subjects: Asian Studies; Public Economics; Real Estate; Urban Studies and Planning
• Online Access: https://ink.library.smu.edu.sg/soe_research/2126; https://ink.library.smu.edu.sg/context/soe_research/article/3126/viewcontent/ST_20150403_2.pdf
• Institution: Singapore Management University

The Global City concept originates from the work of sociologist Saskia Sassen, which dates back to the 1980s. In an age of globalisation, division of labour is international in scope and production activities are distributed across the world. A global city is a significant point where the internationally oriented financial and producer services that make the global economy run choose to agglomerate.