![]() – They have an active influence on and participation in international events and world affairs for e.g. In 2008 New York was the home to 71 billionaires and London 36. ![]() – Some significantly wealthy inhabitants e.g., number of billionaires. – Financial service provision e.g., banks, insurance and accountancy firms They have a stock exchange that has global influence. – Corporate headquarters for Transnational Corporations (TNCs), international financial institutions and law firms. ![]() World cities rend to have common characteristics. Since there are a variety of ways to define a world city, there is debate about which other cities to include. It is agreed amongst most workers in this field that London, New York and Tokyo are the three most pre-eminent cities. They are a centre for finance, trade, politics and culture. Those cities that have a big influence on the world because of their wealth and commercial strength. Many of the mega-cities are in countries that have had recent rapid development. In 2010 there were 12 cities within this category, they are: Mega-cities have more than 10 million inhabitants.
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