In: Economics
Economic Geography
Please identify one personal experience that relates to the course. The experience can be a personal anecdote or a wide-ranging reflection on one or two concepts from the course that you found especially compelling or that you connected with for a personal reason. Please share this experience or concept and why it is meaningful to you. 350-400 words
The topics that you will use for the experience are:
-Uneven development and post-industrial Landscapes
-How financial markets are linked to urban renewal and development in cities
-Vacate people's house to make a place for a new shopping mall
-Foreclosure
Uneven development and post-industrial Landscapes :
financial markets are linked to urban renewal and development in cities :A financial market can be defined as the market in which financial assets are created or transferred. The exchange of money for real goods or services includes whether an actual transaction occurred, the creation of a financial transaction or the transfer of a financial asset. Financial assets or financial instruments represent the payment of an amount of money at some time in the future as interest or dividends or a claim for periodic payments.
Financial markets help in effectively directing the flow of savings and investment in the economy to aid in the accumulation of capital and the production of goods and services. A combination of well-developed financial markets and institutions, as well as a variety of financial products and The combination of equipment suits the needs of borrowers and lenders and hence the overall economy.
Vacate people's house to make a place for a new shopping mall :
In this generation, people love shopping. And for that people, also think about making a profit. And for the business and profit, they open malls and shops. And for the malls, they want to land and we can say a huge piece of land in which they make dozens of shops, cafes, theaters and also so many fun things. Now we think that for that land what gonna they do ...? So For this, a lot of lands is needed and for that land, many poor people also vacate their houses because those who have to build shopping malls get them vacated by paying a good price to them and by breaking that houses, they makes shopping malls. So, it affects our economy, people become unemployed as well as homeless.