Talk:International Financial Services Centre, Dublin

IFSC Article specific to Ireland IFSC only

An IFSC is a general concept and this article should be about IFSCs and not necessarily this one. For example there is the Dubai IFSC, Botswana IFSC etc...

This article was originally set up to talk about the geographic area called the IFSC, the development of it and the buessineses in it. This is in Dublin, Ireland. This is the specific name of the area.

There is a more general term to describe financial services centres and international financial services centres — Preceding unsigned comment added by 185.43.40.68 (talk) 13:29, 22 August 2019 (UTC)

The Dubai International Financial Services Centre is called the Dubai International Financial Centre ('DIFC') and already as a WP page.

Note it is not called the Dublin International Financial Services Centre. When it was set up back in 1987 there was very little else like it. Many of the later International Financial Centres copied this model to some extent.

What is it?

For us non-finance proles, could someone begin the article with a simple statement, as most Wikipedia articles have, of *what this is* as the article currently opens by jumping into history. Is it a Special Economic Zone, a planning area, a mere concentration of some businesses? — Preceding unsigned comment added by 194.154.66.43 (talk) 09:19, 6 December 2019 (UTC)

I will have a look at it. It is really quite a complex issue hence the slightly complex explanation. I initially edited the original stub type article which was about the physical area or area with the address the IFSC. This article has morphed into a few different topics which really makes sense - the defined physical area the IFSC, the colloquial term used by politicians and reporters for the overall Dublin financial services industry which was later added by the user Britishfinance, the article also has a significant amount of data related to tax in Ireland which is really unrelated to the topic but can be included as a section maybe.12:44, 6 December 2019 (UTC)Financefactz (talk)

So in summary the IFSC is a city area (in a similar way Grand Canal Dock is considered an area and the Liberties another area), a Special Planning Area for the purposes of buildings and development land (its sole original purpose was for the redevelopment of the Sheriff Street and Custom House Docks area), a special economic zone/SDZ and a term used as a synonym for the Irish financial services industry, much like the term the City of London or "the city" is used to describe the London and British financial services industry.Financefactz (talk) 12:44, 6 December 2019 (UTC)

One of its largest legacies really is that it was used as a template or model for SEZs and urban regeneration in other countries and particularly in China. I feel this is actually more worthwhile writing about than the actual success of the IFSC (which arguably hasn't been that successful in meeting some of its original goals). A lot of its success stems to the fact that a lot of the jobs that moved there initially weren't that well paid and the fact that it only very gradually only 35 years developed and opened up meaning it managed to avoid a lot of the negative affects that gentrification can sometime have. Of course this was entirely unintentional and it was supposed to lead to high-margin activities straight away back in 1987 and 30 storey office blocks which never materialised.Financefactz (talk) 13:16, 6 December 2019 (UTC)