Increase in global Urbanisation has resulted in the development of a number of Millionaire cities. There has also been a rise in Megacities and in some cases, World cities.
Millionaire cities - are cities with more than 1 million people. India and China have the most Millionaire cities. Example - Shanghai, China
Megacities - are cities with more than 10 million people. There are currently 20 megacities with 15 in the developing world. Example - London, England
World cities - are cities which have influence on a global scale, due to their finaicial status and worldwide commercial power. The three main cities of the global hierarchy are: New york, London and Tokyo. They house many of the headquarters of the TNCs and are centres of world finance. Example - Tokyo, Japan
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