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THE GLOBAL CITY: POWER, INEQUALITY & POLITICS “Global cities are machines for producing wealth, but they also produce and expand inequalities”, opined Saskia Sassen, during her lecture hosted by PUKAR. e lecture was attended by over 120 persons, com- prising students, academics, professionals and urban planners. Speaking about a master category called Global Cit- ies – a category that subsumes varieties of knowledge and produces new understandings – Prof. Sassen brought out connections between global capital, fi- nance and global politics. Prof. Sassen observed that global capital is increas- ingly taking electronic or digital forms, it is no longer human. However, when humans work with this capi- tal, it gets politicized. She summarized the process of creation of new glo- bal cities in the following manner: e global capital and global finance depends on a growing network of global cities, because essentially it needs space. e politics of space comes in when the expanding finan- cial centres require new built environments. When people work in these spaces, they also require homes, services and thus a new global centre is born. Such growth also leads to top level concentration of power, because it facilitates the working of global politics and economics. Another feature of the global city, as sighted by Prof. Sassen, is that it is an economic & technical platform as well as a platform for a new politics – where the disadvantaged fight for their rights and connect with the global politics. e politics may deal with very specific, local and parochial issues, however, it is glo- bal because is happens in all the cities. She presented statistical data which compared sev- eral global cities of the world. She specifically shared the information about what place Mumbai occupies in the world. It was startling to discover that while Mumbai was among the top 40 in producing wealth, it rated among the lowest on quality of life. In the open dialogue that followed, members of he audience asked engaging questions about this ‘dual’ nature of global cities – of huge populations creating wealth but not being served well. Prof. Sassen shared many insights from her recent book on Global Cit- ies. 1 LECTURE BRITISH COUNCIL AUDITORIUM, MITTAL TOWER, MUMBAI 4 NOVEMBER 2007 Saskia Sassen, Lynd Professor of Sociology at Columbia University Lecture hosted by PUKAR (Partners for Urban Knowledge, Action and Research)

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THE GLOBAL CITY: POWER, INEQUALITY & POLITICS

“Global cities are machines for producing wealth, but they also produce and expand inequalities”, opined Saskia Sassen, during her lecture hosted by PUKAR. The lecture was attended by over 120 persons, com-prising students, academics, professionals and urban planners.

Speaking about a master category called Global Cit-ies – a category that subsumes varieties of knowledge and produces new understandings – Prof. Sassen brought out connections between global capital, fi-nance and global politics.

Prof. Sassen observed that global capital is increas-ingly taking electronic or digital forms, it is no longer human. However, when humans work with this capi-tal, it gets politicized.

She summarized the process of creation of new glo-bal cities in the following manner: The global capital and global finance depends on a growing network of global cities, because essentially it needs space. The politics of space comes in when the expanding finan-cial centres require new built environments. When people work in these spaces, they also require homes, services and thus a new global centre is born. Such growth also leads to top level concentration of power, because it facilitates the working of global politics and economics.

Another feature of the global city, as sighted by Prof. Sassen, is that it is an economic & technical platform as well as a platform for a new politics – where the disadvantaged fight for their rights and connect with the global politics. The politics may deal with very specific, local and parochial issues, however, it is glo-bal because is happens in all the cities.

She presented statistical data which compared sev-eral global cities of the world. She specifically shared

the information about what place Mumbai occupies in the world. It was startling to discover that while Mumbai was among the top 40 in producing wealth, it rated among the lowest on quality of life.

In the open dialogue that followed, members of he audience asked engaging questions about this ‘dual’ nature of global cities – of huge populations creating wealth but not being served well. Prof. Sassen shared many insights from her recent book on Global Cit-ies.

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LECTUREBRITISH COUNCIL AUDITORIUM, MITTAL TOWER, MUMBAI4 NOVEMBER 2007

Saskia Sassen, Lynd Professor of Sociology at Columbia UniversityLecture hosted by PUKAR (Partners for Urban Knowledge, Action and Research)

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Audience members at the British Council Audito-rium.

Saskia Sassen lectures on ‘The Global City: Power, Inequality & Politics’ at an event in Mumbai hosted by PUKAR.

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Contact:

Cities ProgrammeLondon School of EconomicsHoughton StreetLondon WC2A 2AE

+44 (0)20 7955 [email protected]

Alfred Herrhausen SocietyDeutsche BankUnter den Linden 13/1510117 BerlinGermany

T +49 (0)30 3407 [email protected]

a worldwide investigation into the future of cities

organised by the Cities Programmethe London School of Economics andPolitical Science and the Alfred Herrhausen Socety,the International Forum of Deutsche Bank