buy limerick
Post on 28-Nov-2014
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THEORY OF URBAN DEVELOPMENT
• From Jane Jacobs to Edward Nell to Paul Romer.
• From Copenhagen's finger model to the hub and spoke development process.
• Theory of infrastructure
THE LOGIC OF POST WAR IDA LED DEVELOPMENT
• Multinationals have skills and money and expertise
• We do not.
• Give them subsidies and cheap labour and they will come.
• Export led growth is the answer.
• And it WAS.
TODAY
• Economy experiencing growth *only* in export led sectors.
• But these sectors are not labour intensive.
• So this is a jobless recovery.
• Also, GDP figures need to be taken with a barrel of salt.
WHAT DOES THIS MEAN FOR LIMERICK?
• We can't and we shouldn't rely on Krups/Dell/Ferenka/etc tonprovide the mainstay of our jobs.
• But we will not experience any consumption growth (and hence demand for products leading to investment) for some years.
• This implies asset prices will fall. This implies the economy will stagnate and the city will die.
THE LOGIC OF KEYNESIAN INTERVENTION
• Business cycles mean that at the very moment households firms and banks *should* be spending, they can't.
• So the government has to.
• This is inefficient and most certainly second best. But it's the best we can do.
APPLICATION TO LIMERICK
• UL is the biggest entity in the area.
• UL is a corporation.
• Corporations can borrow.
• UL is part of Limerick.
• Ul is never leaving Limerick.
FIGHT THE DONUT.• Donut population and price differential between exterior and interior of the city.
• Role of feedbacks here as well.
Centre
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