On the other hand, the process of globalization in New York is explained in terms of the strategic sites where various global processes materialized and the various linkages that join them. Among the above-mentioned sites are the off-shore banking facilities, export processing areas and the global cities (Hamnet 1994, p.422). According to Sassen, the rapid growth of the global economy in New York City has led to the modern geography of marginality and centrality. The above mentioned modern form of geography causes inequalities, nevertheless, it leads to the formation of dynamic economic growth, where the city operates from the development of the employment structures to the distribution of telecommunication.