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GLOBAL ECONOMIES:New York as a global city. New York serves as an important link in the
24hour, global trading system, which shifts between London, New York
and Tokyo's time zones through the 24 hour cycle. The Downtown core
played a crucial role in the historical formation of the national
capital market, which have been eclipsed by the shift to Midtown, with
the global emphasis of American international corporations and banks.
The American Stock Exchanges, the World Trade Center and World
Financial Center, along with a few bank headquarters, still remain
downtown, but there is much office vacancy. Even Chase Manhattan will
move its headquarters to Midtown with its merger with Chemical
Bank.(Reference Saskia Sassen Global Cities /Castell The
Informational City.)
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EDGE CITYAlong with the shift to the global economy, American cities experienced
an enormous suburban expansion in the 50 years after the Second World
War. Urban Geographers spoke of "Megalopolis", while Joel Garreau named
the component parts "Edge Cities". Jonathan Barnett identified 5
clusters of growth along highway corridors around New York, which we
used as the basis for our diagrams. Life in these corridors is based on
the automobile and set in a semi-rural "green veil" of landscape
(described by Stephen Kieran).
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TRANSPORTATIONIn this drawing the ring road patterns of post 1945 highway
construction (sponsoring the "Edge City") are contrasted with the old
radial railway commuter patterns that served the inner city industrial
areas and business cores. The regional airports are only accessible by
automobile and highway, while the rail freight system concentrated on
the port. The city subway system, which serves Downtown well, was also
built before the construction of the airports. The Downtown core is
by-passed by all the major highway systems.
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INDUSTRIAL ABANDONMENTThis image is based on a map prepared by the City of N.Y. Planning
Department which shows the massive loss of jobs suffered by New York as
industries moved to the suburbs, Sunbelt locations or repositioned
their facilities to take advantage of the global labor economy after
the Second World War. Urban Geographers have drawn similar maps for Los
Angeles, coupled with the loss of hundreds of thousands of jobs. Robert
Finch in the Assasination of New York argued that this job loss was in
part due to a deliberate City policy of promoting Finance, Insurance
and Real Estate Industries white collar jobs. The Harlem River Valley
and South Bronx were two major industrial areas effected by this
policy. The shift to trucking and the loss of barge-rail transfers in
the port basin also effected these industrial areas.
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HOUSING ABANDONMENTThis image is based on the "Inner Ring" map in Richard Plunz's Housing
In New York which showed where the collapse of the local housing market
was severest, resulting in the abandonment of buildings by landlords
and their foreclosure by the city. The loss of jobs and the collapse of
the housing markets was especially marked in Harlem and the South
Bronx. New York City became the largest landowner in both these areas
in the 1980's.
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