Creating Cities of Hope or Instigating a Race to the Bottom?

CATEGORY: Economic Performance and Development
DATE: 26 April 2019

{published in The Sunday Times, 21 April 2019}

A reply to Ann Bernstein
Ivan Turok

Amazon recently cancelled its plans to build a second headquarters in New York after a backlash from the local community, who said the tech giant did not deserve the eye-watering $3 billion (R42 billion) sweeteners. Yet only last November the company announced that 25,000 jobs would be going to the city, after running a high-profile nation-wide competition for its new corporate campus.