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The economic impacts of suburbanization have become very evident since the trend began in the 1950s. Changes in infrastructure, industry, real estate development costs, fiscal policies, and diversity of cities have been easily apparent, as "making it to the suburbs", mainly in order to own a home and escape the chaos of urban centers, have ...
This economic shift is clearly seen through the United Kingdom's rise of a service sector economy. [14] With the decline in industry, many jobs were lost or outsourced , resulting in urban decline and massive demographic movement from former industrial urban centers into suburban and rural locales.
Spatial mismatch is related to job sprawl and economic environmental justice. Spatial mismatch is defined as the situation where poor urban, predominantly minority citizens are left without easy access to entry-level jobs, as a result of increasing job sprawl and limited transportation options to facilitate a reverse commute to the suburbs.
An aerial view of housing developments near Markham, Ontario; suburban development is often criticised for its uniformity. Mainstream criticism of suburbia emerged during the housing boom of the 1950s, reflecting concerns about the culture of aspirational homeownership and its societal impacts. [1]
Urban decay is often the result of inter-related socio-economic issues, including urban planning decisions, economic deprivation of the local populace, the construction of freeways and railroad lines that bypass or run through the area, [2] depopulation by suburbanization of peripheral lands, real estate neighborhood redlining, [3] and ...
Economic slack, a term I unfortunately cannot take any credit for, broadly describes a situation where the economy isn’t performing as well as it could be. The most widely recognized symptom of ...
It, as suburbanization, is inversely related to urbanization, and first occurs as a reaction to inner-city deprivation. [1] Recent research has documented the social and political drivers of counterurbanization and its impacts in China and other developing countries which are undergoing a process of mass urbanization. [ 2 ]
And it still continues to be the most important measure of a strong economy — spending accounts for about 70% of gross domestic product, the go-to measure of US economic health.