In what ways have changes in the international economy since the 1960s Essay

In what ways have changes in the international economy since the 1960s effected the development of London as a world city - Essay Example One of the major backdrops to London’s economy is urbanization. In the 1960s, planning proliferated sociologists and architects were determined to change the world, town halls and campuses supported by modernization, morphology, networks and central places. It was therefore confidently believed that London provided a good key to creating a future city and an environment that was wholly planned (Sassen, 106). Since 1960s, changes in the international economy have greatly affected the development of London as a world city. The success of London in business and service industry is founded on its native language, English. The city also had a good track of openness and space for the other dominant international business languages used in Europe and major business destinations across the globe. Coincidentally, it was the choice of the British Empire for the headquarters as it is situated strategically in relation to other countries of the European Community central time zone thus acting as a bridge between Asian and US markets. Perhaps the international image and symbol held by the city regarding the country’s diplomatic ideology contributed to its popularity among the international community as well. The strong relationship between US and United Kingdom, and the UK’s good historical relationship with Middle East, African and Asian countries have boosted its success. It is therefore in line to refer to London as victor regarding business positioning in both local and international domains. As such, its status in this context must be considered as an occupant of rare niche held only by a few elite cities whose fortunes can be observed from different angles illustrating how class and might can surpass limitation. Despite the earlier fame and grandeur that London boasted of within a promising prospect of brilliance into the future,