Neil Smith argues that gentrification is linked to processes of global economic restructuring.

Question

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Smith's theory of gentrification suggests that it is a product of capitalist development, with the displacement of working-class residents and the cultural transformation of urban neighborhoods serving as the necessary accompaniment to the logic of market-driven growth. This process is seen as being influenced by broader changes in the global economy, including the rise of finance capitalism and the growth of a global urban hierarchy.

Neil Smith Argues That Gentrification Is Linked to Processes of Global