Recycling Wealth in the Inner City Essay -- Essays Papers

Recycling wealth in the Inner CityINTRODUCTIONThe modern story of veritable areas is a move from the inner city to the suburbs. This decentralization of metropolitan areas has left field urban areas neglected. Such a transformation has had negative consequences, because it has inherently meant the apostasy of those left croup in urban centers. Furthermore, the issue is complicated by the fact that the distinction between those moving to the suburbs and those left behind has been define largely by race. As Kain notes, the means by which racial requisition in housing has been maintained are amply documented. They are some(prenominal) legal and extra-legal for example racial covenants racial zoning violence or threats of violence preemptive purchase various petty harassments implicit or explicit collusion by realtors, banks, mortgage lenders, and other lending agencies and, in the not-so-distant past, the federal official Housing Administration (FHA) and other Federal agencies (Kain, pp289). Thus, a major(ip) issue exists in that not only is economic activity break from urban areas to suburbia, but minorities are being systematically left behind and delegated to the neglected inner cities.The repercussions of the increasing suburbanization go beyond merely restrict access to weft housing for minorities. Just as important as the housing market shift have been the movements of prime job markets and choice schooling to the suburbs (Jenks and Mayer). The combined loss of these three elements (housing, jobs, and schooling) has ensured a comprehensive single out for minorities left in the inner city. Especially with regard to the black community, the essence has been concentrated urban areas of black Americans livin... ...y in the United States, Washington, D.C., National academy Press, 1990, pp187-222Kain, John F., Housing Segregation, Negro Employment and Metropolitan Decentralization Mathew Edel and Jerome Rothenberg, pp288-307.Light, Ivan an d Gold, Steven J. cultural Economies. San Diego Academic Press. 2000McFadden, Areaka (Department of Commerce) and Childs, Stephanie, (MBDA). President Bush Announces Historic FY 05 Funding Increase for minority Business. MBDA News. Tuesday, February 3rd, 2004. http//www.mbda.govSturdivant, Frederick D. (ed.). The Ghetto Marketplace. New York The Free Press. 1969Vietorisz, Thomas and Harrison, Bennet. The Economic Development of Harlem. New York Praeger Publishers. 1970www.blackwallstreet.orgYancy, Robert J. Federal Government Policy and Black Business Enterprise. Cambridge, MA Ballinger Publishing Company.1974