Learning to Prosper in a Factory Town

MIT Technology Review 

In the foothills of the Appalachian Mountains in a corner of South Carolina sits a town that should be economically dead. For decades, Greenville was the heart of the state's textile industry--and its economic engine. First attracted by the area's fast-moving rivers as a way to power looms, textile manufacturers employed tens of thousands of people here. Beginning in the 1970s, however, facing competition from lower-cost manufacturing regions like Mexico and Southeast Asia, these companies began to struggle. Over the next decades, many factories closed.

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