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Top 10 trading cities of the world that failed

New Delhi: Cities are the best place to live in when one thinks of a good lifestyle. Industrialization, commercialization, employment, recreation etc are a part of city life that lure people to settle in metros. However,

India TV News Desk Published : Feb 09, 2014 12:38 IST, Updated : Sep 07, 2014 9:06 IST


9. Detroit, USA
 



Detroit, contrary to popular belief isn't being pushed to bankruptcy only because of the bad policy making that the leaders have exhibited, but rather cause since the many corruption scandals the general mood and the feel of a city has been of a destitute.
 
Failing local factories and outsourcing of work has led to a standstill economically.
 
When the city declared Bankruptcy, the emergency manager appointed by Michigan said the only thing people can blame Detroit's unfortunate fate to the poor planning.

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