Deflation is inflation's polar opposite. It's what happens when prices go down and you get more bang for your buck. Sounds good right? But deflation, like inflation is complicated and much less understood than inflation.
An interesting one this, as it explains the negative multiplier effect / spiral of decline that is studied so frequently in Geography.
Hasty construction and shoddy materials shorten the life of infrastructure
An incredible image showing a building that has toppled over in China. The speed of urban development, coupled with a massive expansion of the construction industry and economic growth has created the conditions for a poorly controlled building spree.
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