Inequality & Globalisation by Miles proust

Identify one process/ actor of economic globalisation and some of the ways in which it positively and negatively impacts/ imposes change in a global city.

miles.a.proust@students.uts.edu.au - 98052994

Artist mural depicting the traditional working class background of Miller's point.

Globalised cities are places of paradox. Sydney is no exception as an intersection between wealth & poverty, cooperation & competitiveness and empowered & disempowered are all at the forefront for the development of the city. These globalised processes catalyse change for better or worse. In the case of Millers point and Barangaroo both impacts have different outcomes for different actors - all as a process of globalisation.

Millers point and Barangaroo are "key node(s) within the urban economy" (Darcy/ Rogers, 2014) of inner-Sydney. This areas recent development as an entertainment and commercial precinct is in stark contrast to its historical use as public and residential housing and as harbour wharfs. In 2014 the State Government announced that it would be selling 293 of its public housing dwellings on the basis of building 1500 new dwellings from the profit of the sales (Morris, 2016). The inequality arises as the government waged an unfair campaign against residents and refusing to acknowledge the human element and livelihoods affected by the decision, exemplified by the title of a media release "High cost harbour-side assets to be sold for a fairer social housing system" (Darcy/ Rogers, 2014) with connotations associated with 'harbour-side' and 'assets' used to pit taxpayers against the public housing residents.

Under the lens of globalisation we can see the process of a changing economic landscape - a once convergent area of working, upper class and public housing residents has been moved out as the value of the area has increased, as evident with sales from the public housing dwellings median at $2.63 million per property (Morris, 2016). The changing value of the area with its sky-rocketing property values can be viewed as a process of economic globalisation as Sydney becomes more integrated in the global market. With change comes impact fuelling inequality for some - in this case development has negatively impacted the livelihoods of Millers point residents yet benefited the developers choosing to purchase properties.

"The global city is a frontier zone" (Sassen, 2013) - such a statement can be observed between the new (developers) and old (residents) in Miller's Point/ Barangaroo.
The old limestone rock contrasts with the new concrete pillars of Barangaroo Reserve.
Cities attain a state globalisation when they offer advantages in finance, high technology or consumption (Synott, 2009). Cities that may have prospered in the industrial era through heavy industry and manufacturing haven't necessarily prospered in the globalised times as the shift to new industries has become apparent.
Evidence of the resistance campaign by Millers Point residents.
Barangaroo Reserve looking out across Sydney Harbour.

Alan Morris, 2016, 'Why moving out public housing tenants is a tragedy for Millers Point and for Sydney', The Conversation, 11 April 2017.

Michael Darcy, Dallas Rogers, 2014, 'Place, political culture and post-Green Ban resistance: Public housing in Millers Point, Sydney', Elsevier - Cities, pp 47-54.

Saskia Sassen, 2013, Global Cities as Today's Frontiers, video recording, YouTube, viewed 12th April 2017 - https://www.youtube.com/watch?v=Iu-p31RkCXI.

John Synott, 2009, 'Global and International Studies: An Introduction', Cengage Learning , 2nd Edition pp 296.

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Miles Proust
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