Is london a global city3/2/2024 ![]() For the last decade, London has strengthened the commercial centers, thereby maximizing their share, improving, and developing the hedge fund market (Sassen, 2011, p.34). The city of London holds a very significant market share in the traded financial services internationally, being a home for the London insurance market and the International bond market. The paper will assess the efforts to maintain the global city status of London. Besides, the city has distinct economic geography comprising of different quarters and concentrations, such as the legal firms, financial districts, higher education institutions, creative and retail industries. The city is a celebrated center for museums, theatres, cinemas and other cultures. London’s business district employs more than one million people from all corners of the world and its also a home for more than 300, 000 residents. ![]() ![]() Its Central Business district, Canary Wharf, is the headquarters and the home to business and capital’s core activities, for example, the world-renowned leisure and retail functions. In essence, efforts and strategies have been adopted to maintain the status of London globally. ![]() London, a global city in the world-class league, faces various opportunities and off course, goes through multiple challenges that are common in almost all cities across the globe. ![]()
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