Economics of the Ghetto: Dynamics, Reproduction and Development Policies

Abstract

The paper explores the universe of the ghetto from an economic insight, integrating on this task support from political, sociological and historical perspectives. Along itself, different factors of ghetto emergence will be deployed so that main features of it will consequently arise. These features are going to knit a more-than-it-would-seem complex and unique network of economic relationships, both inside the neighborhood and with other more affluent districts of the city; an intrinsic network of ghetto resources exploitation by outsiders, which is ensured through external mechanisms of reproduction that contributes to create a self-reproduction mechanism inside the ghetto core, which at the extent will suppose a overwhelming barrier towards local economic thrive. The essay finally concludes with a discussion about which are the mainstream policies applied on slum development and which is the suggested effective intervention paths, which are based on a clear removal of current shrinking and exploitative economic relationships.