firebunny
@firebunny
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The Rise and Fall of Detroit (and other steel cities)
The Japanese sucked a lot of life out of both cities. They were simply able to produce a comparable (or better) product for less.
This topic gives me a clearer perspective about local economy, especially since I live in a city that experienced similar events as Gary and Detroit.
Here in our city of Legazpi, Philippines, the city rose from a mere municipal status in 1959, when the abaca industry was thriving.
But if you look at some sources, the abaca industry reached its peak around 1915 and from then on it slowly deteriorated.
In 1898, Legazpi was already a city (only to be dissolved and then resurrected into a city two times later). It's pretty obvious that its rise into a city was brought about by the rise of the abaca industry since without which, it wouldn't have become a city at all and it was the only industry in the city that came to prominence.
In the late 1950s until the 1970s, they say that there was a resurgence of the abaca industry. This is probably why Legazpi became a city once more... but after that, the abaca industry slowly deteriorated.
The abaca industry in Legazpi still exists to this day... but it has lost much of its grandeur that it once had during its heyday. In 1912, the province of Albay (to which Legazpi is the capital) is said to be the third wealthiest province in the Philippines. It was also one of the most populated provinces. It was also the first province to have a provincial capitol erected.
Now, Albay is just somewhere in the middle of the spectrum of provinces in the Philippines. Its poverty level is 4 percentage points below the national average. So much has changed since then. Practically no one local here even have memory of its lost grandeur. The only people who know are the authors of some books and their readers.
Here in our city of Legazpi, Philippines, the city rose from a mere municipal status in 1959, when the abaca industry was thriving.
But if you look at some sources, the abaca industry reached its peak around 1915 and from then on it slowly deteriorated.
In 1898, Legazpi was already a city (only to be dissolved and then resurrected into a city two times later). It's pretty obvious that its rise into a city was brought about by the rise of the abaca industry since without which, it wouldn't have become a city at all and it was the only industry in the city that came to prominence.
In the late 1950s until the 1970s, they say that there was a resurgence of the abaca industry. This is probably why Legazpi became a city once more... but after that, the abaca industry slowly deteriorated.
The abaca industry in Legazpi still exists to this day... but it has lost much of its grandeur that it once had during its heyday. In 1912, the province of Albay (to which Legazpi is the capital) is said to be the third wealthiest province in the Philippines. It was also one of the most populated provinces. It was also the first province to have a provincial capitol erected.
Now, Albay is just somewhere in the middle of the spectrum of provinces in the Philippines. Its poverty level is 4 percentage points below the national average. So much has changed since then. Practically no one local here even have memory of its lost grandeur. The only people who know are the authors of some books and their readers.
Posted by cheekyfaerieYes, it mentioned white flight... but I don't seem to understand how it is connected to the economic downturn of Detroit. Maybe it's one of the contributing factors since urban planning does have some effects on local economy... but the main reason, I think, is definitely the fall of the automotive industry.
Did it mention white flight? Detroit has some of the richest suburbs in the country.
Sellouts in the US who picked greed over their fucking land.
Meanwile China is laughing as they take us over without even needing a war.
Meanwile China is laughing as they take us over without even needing a war.
Posted by SoulNo one sold out in these instances.
Sellouts in the US who picked greed over their fucking land.
Meanwile China is laughing as they take us over without even needing a war.
It was just a massive boom/bust cycle. The US was simply beaten at its own game and the industries suffered because of it.
Posted by ElleDuMondeAll those eggs in one basket...
Buffalo, NY is similar....steel industry too.
It's starting to thrive but it will take a long ass time to comeback.
The problem with those cities who depend on one specific industry.....and that industry goes away......the mindset stays. The people there can do nothing else. Everything is concentrated in just that one area.
You usually need a complete generation to cycle through it (meaning lots of time) before you can change the mindset and culture.
Going back to Legazpi's local economy:
I noticed that Legazpi's population growth rate has steadily declined. In 1995, it had about 2.93% population growth rate. This went down successively in the years that followed until it was only 0.55% in 2010.
For 2015, however, Legazpi's population growth rate increased to 1.46% . This is the first time Legazpi's population growth rate increased since 1995 (the Wikipedia entry only showed the years 1990 onwards).
Conclusion: It does appear that population growth is an economic indicator.
The increase in Legazpi's population growth rate as an economic indicator is reinforced by the gross regional development product (GRDP) growth rate of Bicol (the region to which Legazpi belongs). In 2010 and 2013, Bicol posted the highest GRDP growth rate in the entire Philippines, which in turn was among the fastest growing economies in Asia.
However, whatever the local governments have done in the past five years do not appear to have been institutionalized. If they were institutionalized, there is greater assurance that the trajectory will continue.
But what brought about the changes? Legazpi actually has another attraction. It is the place where the panoramic Mayon Volcano is located. In the past few years, especially since 2008, the local governments focused on TOURISM. Several tourist spots were developed. Several associations were invited to hold conventions and conferences in the city.
The only noticeable change in figures in any industry in the city is TOURIST ARRIVALS. In 2007, just about around 8,000 was the figure for tourist arrivals in the city. This leap-frogged to almost 1 million in 2015, indicating a success in the tourism-promotion efforts of the city.
Hypothesis: This gives me the hypothesis that any particular region or city elsewhere in the world can reinvent itself by focusing on the industries that it may develop to revitalize the local economy. The industries these various places in the world must be something that sets them apart from other places, creating a UNIQUE DEMAND/MARKET which will in turn stimulate the local economy.
Other examples of cities that experienced similar downturn economic trends (from what I know) are: Iloilo and Bacolod, also both in the Philippines. But they were able to reinvent themselves by diversifying their industries. Bacolod and Iloilo were the sugar capital of the world in the early 20th century... but they were able to retain their economic status despite the decline in the demand for their sugar products by diversifying their industries.
I noticed that Legazpi's population growth rate has steadily declined. In 1995, it had about 2.93% population growth rate. This went down successively in the years that followed until it was only 0.55% in 2010.
For 2015, however, Legazpi's population growth rate increased to 1.46% . This is the first time Legazpi's population growth rate increased since 1995 (the Wikipedia entry only showed the years 1990 onwards).
Conclusion: It does appear that population growth is an economic indicator.
The increase in Legazpi's population growth rate as an economic indicator is reinforced by the gross regional development product (GRDP) growth rate of Bicol (the region to which Legazpi belongs). In 2010 and 2013, Bicol posted the highest GRDP growth rate in the entire Philippines, which in turn was among the fastest growing economies in Asia.
However, whatever the local governments have done in the past five years do not appear to have been institutionalized. If they were institutionalized, there is greater assurance that the trajectory will continue.
But what brought about the changes? Legazpi actually has another attraction. It is the place where the panoramic Mayon Volcano is located. In the past few years, especially since 2008, the local governments focused on TOURISM. Several tourist spots were developed. Several associations were invited to hold conventions and conferences in the city.
The only noticeable change in figures in any industry in the city is TOURIST ARRIVALS. In 2007, just about around 8,000 was the figure for tourist arrivals in the city. This leap-frogged to almost 1 million in 2015, indicating a success in the tourism-promotion efforts of the city.
Hypothesis: This gives me the hypothesis that any particular region or city elsewhere in the world can reinvent itself by focusing on the industries that it may develop to revitalize the local economy. The industries these various places in the world must be something that sets them apart from other places, creating a UNIQUE DEMAND/MARKET which will in turn stimulate the local economy.
Other examples of cities that experienced similar downturn economic trends (from what I know) are: Iloilo and Bacolod, also both in the Philippines. But they were able to reinvent themselves by diversifying their industries. Bacolod and Iloilo were the sugar capital of the world in the early 20th century... but they were able to retain their economic status despite the decline in the demand for their sugar products by diversifying their industries.
Posted by ElleDuMondeIndeed. 🙂
Buffalo, NY is similar....steel industry too.
It's starting to thrive but it will take a long ass time to comeback.
The problem with those cities who depend on one specific industry.....and that industry goes away......the mindset stays. The people there can do nothing else. Everything is concentrated in just that one area.
You usually need a complete generation to cycle through it (meaning lots of time) before you can change the mindset and culture.
Posted by cheekyfaerieI hope they're able to bounce back. I'm concerned about US economy too as it's one of the strongest allies and economic partners of our country. Whatever happens there has some effect on us, too.Posted by firebunnyAgreed. I only bring it up because of the snowball effect.Posted by cheekyfaerieYes, it mentioned white flight... but I don't seem to understand how it is connected to the economic downturn of Detroit. Maybe it's one of the contributing factors since urban planning does have some effects on local economy... but the main reason, I think, is definitely the fall of the automotive industry.
Did it mention white flight? Detroit has some of the richest suburbs in the country.
Anyway, it's trying for a resurgence. Have had some friends go and come back with nice things to say. It's an interesting thing to keep an eye on.
click to expand
Posted by QuantumExactly. No real portfolio diversity. Pittsburgh was a steel based economy and was in the shitter after that went bust. But they have a bunch of renowned colleges and museums and restaurants and such that kept them from completely going under.Posted by ElleDuMondeAll those eggs in one basket...
Buffalo, NY is similar....steel industry too.
It's starting to thrive but it will take a long ass time to comeback.
The problem with those cities who depend on one specific industry.....and that industry goes away......the mindset stays. The people there can do nothing else. Everything is concentrated in just that one area.
You usually need a complete generation to cycle through it (meaning lots of time) before you can change the mindset and culture.
click to expand
The city I live in now is much the same.
I was born in Detroit and it makes me sad to see it now. I hope they find their footing again.
Coincidentally, today marks the 110th anniversary of Gary, Indiana's incorporation into a city.
Happy birthday, Gary, Indiana!
Happy birthday, Gary, Indiana!
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(1) their rise and fall coincided with the rise and fall of the industries that supported their economic growth. For Detroit, it was the automotive industry. For Gary, it was the steel industry.
(2) The Wikipedia entries mentioned a variety of factors for their fall but, really, only one reason stands out: the fall of the industries mentioned above.
(3) No economic indicators were mentioned to indicate that there was indeed economic downturn in both cities. The only indicator mentioned was the continuous decrease in population. In my past musings of economic analysis, I have never considered population growth rates as an indicator of economic growth. But for Detroit, Michigan it is pretty obvious that there was indeed economic downturn. Two events manifest this: (a) the fact that the state government took over the administration of the city, and (b) the filing of a bankruptcy case in 2013. These are obvious manifestations of the economic downturn of Detroit, Michigan.