It didn't collapse, it fell over. The building is actually quite sturdy when you look at the photographs. That being said, something must have been missed when they were designing the foundation.
The Foundation is part of the building.
It didn't collapse, it fell over. The building is actually quite sturdy when you look at the photographs. That being said, something must have been missed when they were designing the foundation.
It is very easy just divide 4.4 trillion dollars by 1.3 billion people work out around $3200(on PPP basis is about $6600)
I would have to disagree with you there Hendrick. Some people may publicize these incidents as a way of mocking China, and others do it because they care for China. I consider myself to be in the second group, and unless one is prepared to talk about it, these scoundrels will think they are getting away with it. A new building collapsing like that is scandalous.
No, GDP per capita does not equal disposable income. In China, total salary amounts to only 16% of GDP, as opposed to 50-60% in developed nations.
America had far worse issues during its industrial revolution (1860s to early 1910s) then China. These included labor issues, quality control, as well as corruption. The Jungle anyone? It is a natural part of industrialization that EVERY NATION in the world has experienced. Although on a technological, economic, and industrial level China might have progressed much farther than America did at the end of its industrial revolution, the fact is that China still has the institutions and regulatory framework of a nation still undergoing an industrial revolution.
I would have to disagree with you there Hendrick. Some people may publicize these incidents as a way of mocking China, and others do it because they care for China. I consider myself to be in the second group, and unless one is prepared to talk about it, these scoundrels will think they are getting away with it. A new building collapsing like that is scandalous.
Or as recently as 1960 the spectacular Tacoma bridge failure in Seattle
Better still watch this Youtube
China has it easy since the developed world already invested a massive amount of time and money developing the technology china is not superior because it skipped a couple of levels in development it is just lucky.
I wouldn't call it luck... there are advantages and disadvantages to industrializing late. China is able to progress faster mainly because it offers markets as well as a vast pool of low-cost labor to already developed nations, and attract large inputs of capital and technological investment from those nations. China can also use the developed nations as a model. This is also the reason that other nations have been able to industrialize so quickly in the last few decades (Taiwan, Korea, etc).
Perhaps I shouldn't have used the word luck. Fortunate would have been a more appropriate word to describe China's good fortune.