Dublin was in bad shape. After a few tax cuts companies have moved in, the population has stabilized, and retail has exploded. The city has seen a rebirth. Detroit may be in the same boat and has the opportunity to learn a few things from Ireland's capital city.
Excerpt:
Dublin was a backwater city until the 1980s. It was dragging and
downbeat. Its citizens were moving away. Now, it's got the second
highest per capita income in Europe, a trendy reputation, zillions of
shops and tourists and is the European headquarters for many of
Ireland's 1,200 multinational companies like IBM, Google and Intel.
It is worth examining one of the globe's most startling city turnarounds just to see what Dublin can teach Detroit.
"We
know the reasons for their success. Whether Detroit can replicate them
is another story," says Patricia Flynn, professor at Bentley College in
Waltham, Mass., who is an expert on comparative U.S.-Irish economies.
Read the entire article
here.
A blog post about the topic
here.
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