1.3.4 Impacts of Loss of Industry Flashcards by Thomas Power | Brainscape

Q

Examples of Foreign Direct Investment (FDI)?

A

New Era Square, Sheffield

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Q

Examples of deindustrialisation (loss of secondary industry)?

A

Detroit, Michigan
OR Sheffield

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Q

What is Detroit like today?

A

Infrastructure crumbling
City running at $300 million short of sustainable per year
In 2011, 40% of Detroit’s streetlights didn’t work and 2/3 of the city’s parks closed.
Filed for bankruptcy in 2013
Highest unemployment rate of any of the top 50 cities in USA

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