The Transformation of Sydney

A Product of:

Globalisation: The OPEC crisis of 1974 triggered a New International Division of Labour which resulted in many industries shifting offshore to low labour cost nations of Asia. This was accompanied by the deregulation of banking which allowed capital to flow freely around the world facilitating TNCs setting up branch plants for manufacturing overseas.
Technological [...]

Pyrmont-Ultimo / Darling Harbour

Over the past 15 years, Pyrmont-Ultimo, along with the Darling Harbour Peninsula, has been transformed to a fashionable commercial and residential district.

At the beginning of the 1990s, the area was delapidated and run down after the major industrial plants had closed to move to cheaper land. There were fewer than 900 residents and urban decay [...]