Gentrification [Brooklyn, New York, USA] - Bilge Yılmaz

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Gentrification Gentrification is a process by which urban low-income neighborhoods, which may have previously experienced divestment or economic decline, experience an in-migration of more affluent residents, re-investment in the neighborhood, and change in the neighborhood’s lifestyle amenities. The process of renovating and improving a house or district so that it conforms to middle-class taste. Bilge Yılmaz Hande Yılmaz

Conceptual Framework Gentrification can be defined as a subsection of Neoliberalism concept. Neoliberalism is the ideology and policy model that emphasizes the value of free market competition. It is most commonly associated with released economics. In particular, neoliberalism is often characterized in terms of its belief in sustained economic growth as the means to achieve human progress, its confidence in free markets as the most-efficient allocation of resources, its emphasis on minimal state intervention in economic and social affairs, and its commitment to the freedom of trade and capital.


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