New York is a global power city.
New York . New York City is a global city , exerting a significant impact upon commerce , finance , media , art , fashion , research , technology , education , and entertainment , its fast pace defining the term New York minute . The home of the United Nations Headquarters , New York City is an important center for international diplomacy and has been described as the cultural , financial , and media capital of the world , as well as the world 's most economically powerful city . New York City . A global power city , New York City exerts a significant impact upon commerce , finance , media , art , fashion , research , technology , education , and entertainment , its fast pace defining the term New York minute .