A prominent urban center that serves as a significant node in the global economic system constitutes a key element of urban geography. These metropolises are characterized by their concentration of advanced producer services, such as finance, insurance, real estate, and consulting, which exert considerable influence on the global economy. An example would be London, due to its commanding position in international finance and its role as a hub for multinational corporations.
The importance of these nodes stems from their ability to facilitate globalization through their concentration of economic power and their influence on political and cultural landscapes. Their historical development is often tied to shifts in global economic power, such as the rise of certain urban areas during the Industrial Revolution or the post-World War II era. They are often attractive locations for international organizations and headquarters of multinational corporations, further solidifying their importance.