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Sassen Theory Of Globalization Essay

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and brought about an occupational and income structure change among city dwellers (Friedman, 1986). This Sassen (1991) explained was a direct re-alignment to continous demand of high skilled professionals and low skilled labours within the city. It was contend that there is a trans-national dimension to this, given the fact that multinationals firms and operations have increased the need for cross-border activities. (castles, 2002: Sassen, 2001). According to Sassen polarisation theory, it assume that not only will income inequality gap increased between different economic division but predicted it could have an increased impact across racial and ethnical boundaries as result of cross border activities.

Globalization of the capital market has influenced on the creation and shift towards a new social paradigm which was necessitated by unabated decrease in the population size of middle class in terms of income distribution. Sassen attributed this to the reform in global labour market and states that the new global labour market was responsible for the connection between market globalization and social variation.

The re-orientation of the economy implies, increased demand for specialized types of highly skilled workforce to meet the challenges of emerging market trend. The new contemporary …show more content…

Extended period of employment among the citizen and work casualization has significantly increase low class population. It can be said that as a result of new market structure, there have be a change in the social composition of cities. This new change reflects in increased socio-economic segregation of the city. As such changes are determined based on the interest of the upper class stratum in most case against the interest of other society classes (Madanipour

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