Along with the rise in research on globalization, the concept of globalization has become a subject to a more critical scrutiny. While majority agree that it represents a serious challenge to the state-centrist assumptions of most previous social science, doubts about its newness, inevitability and epoch-making qualities are also being raised. Others argue that the globalization literature neglects issues of social regulation by the nation-state, while some critics view it as a discourse drawn upon to legitimize particular political and economic agendas. Debates focus on metropolitan manifestations and impacts. Moving from this background, the paper presents three sociospatial urban configurations that have emerged in the literature. Alongside attempts at identifying globalizing cities and transnational urban networks as new theoretical subjects, another significant vein in the literature focuses on the complex forces of globalization and the production of new urban spaces in these cities. In addition, economic conceptions of globalization is now being pushed beyond adding sociocultural or sociopolitical dimensions and argue instead for the need to theorize globalization as a discursive formation. The global city as a discursive category conjures up imaginary concepts of high modernity, megadevelopment, 21st century urbanity. However, it is noted that the way forward is to focus on the distinctive ways in which urban actors engage in specific processes of economic and social reflexivity. There exists an urgent task for theorizations of the global city, which weave together historical, economic, cultural, sociopolitical and discursive dimensions.