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Stiglitz says, "Much of the problems facing Gary are the same problems facing less-developed countries." Gary may have been in the midst of an economic boom during Stiglitz's childhood when the steel industry was flourishing, but it has since been a landmark for economic failure. Many steel mills have since been downsized or even eliminated due to German dominance of the industry. Greising uses census information to help back this up. Since 1980, the population has dropped almost 20 percent and medium household income is only $27,195. However, globalization has also created some jobs in Gary. Luxembourg-based Arcelor Mittal is one of Gary's largest employers...
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