What empty homes and hipster coffee shops tell us about globalization

An abandoned business in Youngstown, Ohio, in 2009 Image: REUTERS/Brian Snyder

Peter Vanham

Deputy Head of Media, World Economic Forum


The Big Picture
Explore and monitor how Inequality is affecting economies, industries and global issues
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale

Stay up to date:


The world’s 80th to 90th percentile richest people - America’s and Europe’s middle class - gained almost nothing in the period between 1988 and 2008, the boom years of globalization. Image: Data: Lakner and Milanovic; drawing: Caroline Freund (Peterson Institute)

Have you read?

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Related topics:

InequalityUnited StatesEconomic Progress


Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda


You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

Technology is alienating people – and it’s not just those who are older
About Us
Partners & Members
Language Editions

Privacy Policy & Terms of Service

© 2022 World Economic Forum