Modern Day Wave Of Globalization

2290 WordsJan 21, 201510 Pages
Globalization is among the top most contested topics in the globe. It, however, lacks a universal definition. Nevertheless, Ismail (2010) describes globalization as a set of divergent processes and social, cultural, and economic shifts that are experienced in cities across the globe. Ismail (2010) also asserts that the most significant economic trend, which is associated with the modern-day wave of globalization, is the immense economic restructuring in cities. She points out that this new structure in the economic activities is linked to a new spatial order. It results in a new urban hierarchy merely founded on networks and connectivity. The current economic trend and the global economic changes are the basis for spatial and social…show more content…
The study presents evidence affirming that Australian cities have experienced inequalities over the last two decades. These inequalities have found solid expression in the built setting. The low-income earning groups are located in the outer suburbs where the public amenities are poor. Those that live in the cities experience segregation where they do not fully enjoy urban facilities. The increased cost of living is the key reason as to why there is segregation between the rich and the poor. For instance, the lack of affordable housing for the poor forces them to move further into the outer suburbs. According to the report by the Australian housing and urban research institute center, the housing affordability has become worse over the last few years. In the city of Melbourne, the lack of affordable housing has resulted in greater segregation between the poor and the wealthy residents of the city. The middle and high-income earners tend to live closer to the central business district as that is where they can find high paying jobs. People who earn moderate or low incomes are displaced and retreat to outer suburbs where they can find affordable housing. The housing issue was present even in the 1980-90s. As a result of economic and social shifts, housing prices increased bringing about a "substantial class bias" (Ismail, 2010). High-income earners were favored as they moved to better and expensive locations while low-income earners moved to the less expensive locations.
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