1/19/2024 0 Comments In global city regions: growth is spurred by investment in the secondary sector of the economy.![]() ![]() If this growing inequality is both harmful for urban residents and an inexorable part of the global city, then this is a serious problem for the idea that global cities are a benefit for the majority of their residents.įraming the inequality problem this way invites two potential responses. Wealth has accumulated at the very top of the income scale while the wages paid for the service jobs that have replaced manufacturing jobs lost to globalization have stagnated or declined. While economic globalization has created great wealth, it is increasingly clear that the benefits of this growth are very unevenly distributed. It is a fact that wealth inequality in cities across the world has accelerated dramatically. ![]() Is a pernicious form of economic inequality the inevitable consequence of becoming a globally powerful city? The question is compelling because it challenges the value global cities have put on their success as centers of economic productivity in a technologically connected world. "Are successful cities inevitably victims of their own success?" asked Financial Times' columnist Edward Luce to begin the urban inequality panel at this year's Chicago Forum on Global Cities. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |