• Like
Buy Limerick.
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

Buy Limerick.

  • 3,194 views
Published

A talk discussing just how

A talk discussing just how

Published in Travel , Business
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
3,194
On SlideShare
0
From Embeds
0
Number of Embeds
2

Actions

Shares
Downloads
3
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. BUY LIMERICK.Stephen Kinsella, UL
  • 2. LIMERICK, 1860S.
  • 3. LIMERICK, 1960
  • 4. LIMERICK, TODAY.
  • 5. THEORY OF URBAN DEVELOPMENT• From Jane Jacobs to Edward Nell to Paul Romer.• From Copenhagens finger model to the hub and spoke development process.• Theory of infrastructure
  • 6. 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.
  • 7. 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.
  • 8. WHAT DOES THIS MEAN FOR LIMERICK?• We cant and we shouldnt rely on Krups/Dell/Ferenka/etc tonprovide the mainstay of our jobs.• Butwe will not experience any consumption growth (and hence demand for products leading to investment) for some years.• Thisimplies asset prices will fall. This implies the economy will stagnate and the city will die.
  • 9. THE LOGIC OF KEYNESIAN INTERVENTION• Business cycles mean that at the very moment households firms and banks *should* be spending, they cant.• So the government has to.• Thisis inefficient and most certainly second best. But its the best we can do.
  • 10. 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.
  • 11. FIGHT THE DONUT.• Donut population and price differential between exterior and interior of the city. Centre• Role of feedbacks here as well.
  • 12. GLOSSES.• Tax breaks for helping beautify the city.• Price changes helping change architecture and art.• Competiton and experimentation.• Limerick as the city of change not the city of sport.• Aninteresting place with a world class university not just at its doorstep but in its heart.