SOC110 Lecture Notes - Lecture 4: Dot-Com Bubble, Manuel Castells, Saskia Sassen
Document Summary
It is also important to recognize that global linkages and cultural institutions do not have uniform effects within a city or metropolitan area, at the same time that. When international capital flows into a city it generally targets the business and. Downtown real estate interests continue to benefit from the typically following. Sectors related to international trade, banking, or tourism are also likely to. As potential rental properties are converted to commercial uses (often by foreign. While this might be good for landlords, it is not good for tenants in the working. The city of san francisco is illustrative: a "dot-com boom" sparked a 7 percent class rise in population between 1990 and 2000, but the net number of people who described themselves as black fell by nearly 20,000. Specifically, 129 acres were being redeveloped from a crowded suburban working-class neighborhood into a landscaped industrial park in the center of the city.
