"The paper deals with the complex and dynamic interaction of the salient determinants and parameters of sustainable development and its management against the backdrop of functional and formal variables which are responsible for the incipience of the Global City. These variables are connected in a "cause " and "effect" relationship, and iteratively interact with each other. This relationship is further compounded by the fact that some times it becomes difficult even to differentiate between the "causal" and "effectual" variables. The accelerating pace of technological developments and their differentiated diffusion in various developing countries is leading to drastic socioeconomic changes and shifts in political and trade alliances. Due to these rapid changes, the developed countries are currently passing through tertiary revolution which is much more complex and dynamic than the earlier agricultural and industrial revolutions. The innovational advancements in high technology and the ensuing socioeconomic changes are leading to the piecemeal incipience of the Global City. The cost effective transition to the tertiary civilization and smooth formation of the Global City calls for pro-active planning, and management of its development on a sustained basis. The paper is comprised of five parts. Part one deals with the introductory aspects of transitional changes in the socioeconomic conditions and their physical manisfestations at various hierarchical levels of the Global City. Part two attempts to identify the salient determinants and deterrents of the Global City and the consequential shifting emphases of various dichotomies and dilemmas. Part three attempts to formulate a paradigm for sustainability and management of the Global City. Part four undertakes the analysis of the various factors of sustainability and management of the Global city in the context of the paradigm, formulated in the previous part; and finally, part five outlines the salient conclusions and recommendations of the study. "