Why is China and Dubai developing so fast?

Question

When i went to these countries, I see huge cranes everywhere. These countries are developing so fast..huge beautiful apartments..stores..shopping malls...roads and subways systems...their economies are just booming..with tons of jobs..even though its low pay...look at Dubai and their beeautiful palm islands and that record tall building...why is the US so lagging behind? I live in MA and our buildings are so old...and our subway system is just embarrassing compared to Asian subways systems...for example MTR system in hong kong...In china theres like at least one KFC and Mcdonald being built and opened every day..thats rediculous...In the city that I live...I already seen 2 KFC and a Mcdonald go out of buisness and close down...ehhhh kinda pathetic...can anyone explain? or add

Answer 1

their economies are moving fast...

dubai and china have different scenarios...

dubai is developing because their leaders foresee a change in the course of their economy... they expect a reduction from the oil revenue ... so they want to develop their tourism.. that is why they are developing now.. their development is spurred or financed by their revenue from oil

china, now that's different... they are developing because they can attract businesses due to their ultra low labor cost. now almost all other countries industries are stifled due to many businesses moving to china (some countries like vietnam and cambodia can still deal with it... but the others... they lose many of their industries which transferred to countries with lower labor)... plus they can attract more businesses still because they have a huge market, this gives businesses dealing especially with sales to enter the chinese market... they expect to gain bigger revenue than say european countries which has a smaller population (the payoff is ... the people in china still has a lower buying power, albeit increasing now)... lol
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Answer 2

Good question, but this should be addressed in the Economic/Development section, not the Travel/China section. Other wise you get a lot of false answers from people who think they know what they are talking about.

The only answer you should pay attention to is: (From the most relevant to least)
1) RM
2) DC - ドン
3) Jorienta...

You are better off ignoring all the rest. The thing you have to understand is that the US is not at all lagging behind China or the UAE. On the surface you might not see that because there are more modern buildings going up in China, where as the US are trying to preserve the buildings with old historic charm. You and I might not like this practice, but the main reason the US has old buildings is not because a big developer don’t have the money to tear them down and rebuild a luxury high-rise. It’s because of zoning regulations and the fact that people our parents age actually likes these old run down buildings, and are opposed to new development. (I think it’s crazy too, but they’re the ones at the community mettings)

Economic development is very complex, and you cannot judge development solely based on the infrastructure. You can see all the beautiful buildings going up in China, but can you list just ONE innovative brand name (IE: Microsoft, Apple, Sony, Starbucks, Nokia) or product that comes from China? No, of course you can’t, at least not yet. That is because almost all of Chinese economy is still dependent on REPRODUCING the innovative products for the developed world. Until they actually become INNOVATORS (which may not actually happen the way things are going), they will never join the developed world no matter how many high-rises they build.

It’s not just about the pretty buildings. The aesthetics only make up a small portion of the Economic development model, but it is the most noticeable so it is easy to understand why people mistaken that as a gauge for development.

Now the worst answers above are from those who said “Chinese are hard working” or “Dubai is rich with oil money”. First of all, the Chinese worked a lot harder under Mao during the cultural revolution, but that didn’t get them anywhere. The Africans and South American farmers work hard but look how much they’ve developed over the past century. So “hard work” alone does not lead to do real development.

Oil money and natural resources also play a small part in real development. Look at Saudi Arabia, Iran, Venezuela, and Africa, all rich in natural resources, but almost no development over the past 50 years. In many cases the abundance of natural resources actually leads to regression rather than progression. Do a study on “Dutch Disease” and you will understand why this is true.

Good question, but more suited for the economics section rather than China.

If you read the new Allen Greenspan you'll be able to learn a lot on this subject.

Answer 3

First of all Dubai is not a country! It is a city with in the United Arab Emirates t or UAE.

Second of all only 16% of the UAE economy is based on Oil exports. So it is not an oil based economy or "rich in oil", as so many people here have put it.

To answer your question. Developing countries like China and the UAE have the ability to grow faster (right now) because they are starting at a lower level, and have a lot more room to grow/run. The developed countries like the US and Western Europe already went through this "fast paced growth period" about 50 years ago, and have now stabilized. So in a way you can say China and the UAE are still playing catch up with the developed nations and have more room to run than the developed nations.

As nations get more developed the growth rate curve starts to flatten, and a more stable and slower rate of growth is desired for the over all economy. I can't explain this now because this is based on complex and proven Macroeconomic Models, but just understand that when and if China and the UAE catches up to the developed world (US, Europe) their growth will also slow to a more sustainable pace.

The important thing to remember is that US and Europe
ALREADY went through this fast growth phase, and that the currently growth rate experienced by China and the UAE is considered unsustainable, and will slow down as they reach the level the US and Europe are currently at.

Good question, but it requires a very complex answer.
The study of Macroeconomics will help answer questions like this.

On a side note, unless China starts enforcing simple rules of law, it will never become a developed nation. It will get close and then crash and burn.

Answer 4

Dubai's lure for tourists is situated mostly on buying, but additionally on its possession of other historical and modern attractions, discover more with this town with Hotelbye . Dubai's landmark building is the Burj Khalifa, the 829.8 metros making, the tallest one in the world. For some readers a visit to the remark deck on the 124th ground here is a must-do within the city. The opinions across the city skyline out of this bird's-eye perception are only staggering. Back on the floor, covering round the Burj Khalifa, will be the building's superbly made gardens with turning walkways. There are many of water functions like the Dubai Fountain, the world's highest performing fountain.

Answer 5

All as I can say is that countries & big corporations supporting China's economy do so at their own and the rest of the world's peril. At their current rate of growth China will become the World's preeminent superpower by 2020 if not sooner. This will signal the beginning of a new world order where China's government will determine all of our fates.

Answer 6

Dubai is trying to be the trading and finance hub for the middle east region. The attractive tax environment makes it a popular destination.

Answer 7

Dubai is oil rich and oil is doing well. But, Dubai does not have any natural beauty. They have to build it.

China is growing tremendously but 20 years ago they did not have cars. Today, most do not have toilets.

They both are improving but I do not think that you would want to move our of the US. If you do, you will find many from Duai and China that will trade with you.

Answer 8

Dubai is developing fast but china still has alot of issues to resolve.. human rights, communism, global warming.. and most of the population live below the poverty line.
Dubai is developing into a paradise for tourists to enjoy because they know that their oil will run out so they are developing it into a tourist hot spot.

Answer 9

off aim CHINA, because of the fact they have reliable labors/honesty and not person-friendly worker, and China on no account combat or in touch in any remember (politically or religions or social) remember of WMD/nuclear/Iraq/Afghanistan/Palestine v/s Israel or this way of different concerns. the whole u . s . which includes politicians are making stronger like an incredible wall of china.additionally there is not any IMF/worldwide economic enterprise.additionally no longer captured any land or section like India (Goa/Kashmir/Hyderabad Dakkan/Gunagar and so on)

Answer 10

You already got a few good answers above...

I can only add one comment: 'Hooray', some KFCs and McD are closing down...on the other hand, how sad that they are expanding at an exponential speed in China...

Pinkie will be disappointed, the Brain is so wrong...he will not rule the world...fat people will!