Essay On Gentrification

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GENTRIFICATION What is gentrification? A search of this key word turns out several different definitions. The PBS defines gentrification as a general term for the arrival of wealthier people in an existing urban district, a related increase in rents and property values, and changes in the district’s character and culture. The term is often used negatively, suggesting the displacement of poor communities by rich outsiders (Grant, 2003). Gentrification is associated with rising middle class, it occurs in both rising economic powers and developed economic powers. When the K-pop musical “Gangnam Style” appeared on YouTube in 2012, it accumulated more than a billion views, making it the most watched video on YouTube. Beneath the clownish horse…show more content…
Gangnam District is a tony neighborhood in Seoul, the 15 square mile area has $84 billion worth of the country’s wealth in 2010, equivalent to seven percent of the country’s GDP. While it is generally agreed that “Gangnam Style” is a portrayal of transformation of a traditional agrarian based society into a modern consumerism based society through generations of hard-working, it lampoons upon newly rich middle class for ostentatiously showing off their wealth (Fisher, 2012), another subversive message that has not received much attention is gentrification. The relatively limited information about the history of Gangnam District still reveals that until the early 1980s Gangnam and its neighboring areas had remained the least developed neighborhood in Seoul, so its prodigious development during the subsequent 30 years which transformed Gangnam into the most affluent, dynamic, and extravagant neighborhood in South Korea almost certainly involves gentrification. This is evident in a recent news report from Channel News Asia that the last shantytown in Gangnam District, home to more than two thousand residents will be demolished, leaving the elderly and ailing residents wondering where they would move to once their home is demolished. The wonderful official reason for the demolishing is to improve housing security for people since the illegal shacks are

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