This phenomenon has been blamed for rising house prices in some countries.
Globalization can also widen the inequality gap, with the rich becoming richer and the poor becoming poorer. Let’s take the modern-day example of globalization as an example: digital nomadism. This phenomenon has been blamed for rising house prices in some countries. Digital nomads are drawn to countries where living costs are low, allowing them to afford better lifestyles and save more. But this in turn sees prices in the region soar, and prices locals out of property, food, and more.