Dverse Population Of Global City London †MyAssignmenthelp.com

Question: Discuss about the Dverse Population Of Global City London. Answer: London is considered a global city due to the diverse population its hosts. London is the capital city of the United Kingdom and England. Noteworthy, it has various tourist attractions and other qualities that make it irresistible to tourist and foreign trade. Previously, London was occupied by the Romans before other groups of people came along. Before the 13TH Century, London was known as Londinium.Since time in memorial, London city has always been populous. As in the 2nd century, it was estimated that London was occupied by over a hundred thousand people. However, the populous population has substantially reduced the Plaque during the 17th century. However, the population recuperated towards the 18th and 19th centuries. The hospitality of Londoners does not go unnoticed. Noteworthy, London has a rich cultural history. This history has made it more attractive to tourists due to the cultural practices, architectural buildings, and unique superstructure. Londons history is shaped by the Roman Empire existence and the British Industrial revolution whose effects directly impacted the city. In addition to being a tourist destination, London is among the largest international trade destination. Primarily, London is the center of foreign exchange transactions. In addition, the city is surrounded by stable financial institutions which make international trade easily viable (Consultancy.Uk, 2016). Further, there is an adequate supply of labor owing to the highly populous composition of the city and also the high immigration rates into the city. The demand for foreign trade and the existence of supply factors in the city of London makes it good for foreign trade (JLL, 2018). In addition, the United Kingdoms political will has made London as a business and tourism destination possible. This is due to the fact that London is home to the United Kingdom's parliament. Also, the United Kingdoms government has implemented proper and adequate infrastructure to support international and local business activities. Through its parliament, business governing regulations and regulatory bodies have been put in place to facilitate and encourage foreign trade (Smithsonian,2013). The political stability of the United Kingdom has created a conducive business environment which has boosted the revenue of London as a City. Majorly, Londons strongest market connections are with China, The United States of America and European Union Member states. Londons accessibility has been boosted by the implemented infrastructure. Specifically, London transportation network is considered the largest in the world. The underground railway transportation system has made public transport accessible and relatively affordable thus making transit easier and faster. In addition, London has various buses, air transport and water transport system which make accessibility easy and timely that boosts trade. Regarding, Climate, Londons weather is temperate, relatively high temperatures, rare snowing and freezing spells which is favorable for tourism and other activities. However, when it snows, ice skating is possible and fun to do. London Winters are low with relatively warm temperatures. Physically, London cuts across the River Thames. The River Thames is attractive as a port city and is ideal for transportation of goods (Merk, n. d). There are various resources that support the prestigious status of London as a global business destination. .Cultural diversity makes London attractive for tourists (World cities cultural forum, 2018).London enjoys a reputation for rich culture, unique building design, and architecture which make London suitable for business and pleasure. The populous pollution is a source of the readily available labor force which is ideal for business transactions. London enjoys comparative advantages when it comes to financial, real estate and the service industry. Also, the strategic River Thames facilitates transportation of goods in and out of London which is advantageous for business. Londons competitive advantages stem from its location, access to international markets, skilled taskforce and a conducive regulatory framework.London is an international trading center for the most foreign transaction. Also, London is endowed with various superstructures such as the underground tunnel. The underground railway tunnel is not only unique but it is the largest in the world (Global Alliance of SMES,2018). The underground tunnel has made public transportation easy and convenient.Not only is the tunnel a form of public transport but also a tourist attraction. In addition, London is a center for political, social and economic activity. London being the center of political activity is because the United Kingdoms parliament is stationed in London. The infrastructure in place in London has made the city accessible and ideal for business, both local and international. Londons infrastructure is considered the largest, in terms of public transportation means, the underground railway network. Recently, Britain opted out of the European Union. This event could have adverse impacts on the economic future activities of London and other Britain territories. This is due to the fact that London major export destination was the European Union.(Office for national statistics,2018).Alongside the European Union member states, China and the United States of America are Londons top trading partners. The future of London economic revenue might be slightly affected by this move.London is the perfect international business and tourist destination owing to the fact that it has a conducive environment for both Pleasure and business. Moreover, there are social and special events such as the Wimbledon, which is considered a historic sports event. Other entertainment activities include ice-skating, carnivals, parades, swimming, and birdwatching, gaming and gambling facilities among other activities for entertainment. All in all, the importance of London as a city to its country and to the rest of the world cannot be ignored. London is the definition of an international destination for vacationing and getting business done. This is due to the factor that London has the best enabling environment for international businesses, political stability and will, rich cultural background, superstructure, better infrastructure and superstructure that make the city accessible, leisure activities and facilities are in place and an effective legal regulatory framework for international trade transactions. Skilled labor force and ready market for its product and services give London a comparative advantage over other cities partaking in the same trade. Not only is London an international business destination but also an international tourist destination. However, following the Brexit Vote, there might be some economic revenue changes to Londons export revenue. References Consultancy.Uk. (2016).The Top 25 attractive global cities, London and New York Lead. Consultancy.Org. Retrieved from https://www.consultancy.uk/news/12197/the-top-25-most-attractive-global-cities-london-and-new-york-lead Global Alliance of SMES. (2018).What Makes London a Global city? Globalsmes. Org. Retrieved from https://www.globalsmes.org/news/index.php?func=detaildetailid=572catalog=30lan=en JLL. (2018). Competitiveness. Grow. London. Retrieved from https://grow.london/competitiveness/ London First. (2012).Londons Current and Future Competitiveness: A review of Competitor Data.[Online].Retrieved from https://londonfirst.co.uk/wpcontent/uploads/2012/09/Competitiveness_report_-_FINAL.pdf Merk, O. (n .d).The Competitiveness of Global Port-Cities Synthesis Report. Organization for economic Cooperation and .D.Org. .Retrieved from https://www.oecd.org/cfe/regional-policy/Competitiveness-of-Global-Port-Cities-Synthesis-Report.pdf Office for National Statistics. (2018).Who does the UK Trade with?. ONS .Gov. UK. Retrieved from https://www.ons.gov.uk/businessindustryandtrade/internationaltrade/articles/whodoestheuktradewith/2017-02-21 Smithsonian. (2013).Top 10 Annual Events in London. Smithsonian.Com. Retrieved from https://www.smithsonianmag.com/travel/top-10-annual-events-in-london-1-1378476 World Cities Culture Forum.(2018).Cities .World cities culture forum.[Online].Retrieved from https://www.worldcitiescultureforum.com/cities/london