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Urban globalization: political, economical and socio-cultural changes

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Abstract

The paper analyses globalization as a phenomenon, which affects all spheres of life including urban development and expansion. It gives theoretical overview on urban development issues in the context of globalization and regionalization and presumable global changes in the context of competition of European cities. The aim of the paper is to analyse aspects of urban globalization in the context of political, economical and socio-cultural changes.
The paper gives insight on impact of globalization on political changes, bringing great attention to shifting power from nation states to city governments. Issues of economic development of cities in the context of globalization, including creative competitiveness of cities, are revealed in the paper as well. Cultural, social and other spheres of life are also integral part of urban development. The paper considers both: positive and negative aspects of globalization concerning the urban development.