Global Gentrification - JSTOR Daily
Briefly

Privileged forms of transnational mobility have taken gentrification around the world, creating segregated enclaves that dispossess locals while enhancing globalization of rent gaps.
Gentrification can be seen as a form of ethnic cleansing; it brings demographic change through a social-political-economic process that systematically displaces long-time residents.
In the US, the gentrification process is historically linked to policies like white flight and redlining, affecting neighborhoods previously disinvested and populated by people of color.
As high urban costs increase, even the upper middle class is squeezed out, making areas vulnerable to transformations influenced by economic pressures and higher-income newcomers.
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