- Did it have electricity, plumbing, etc online and working?
- How important is it that the materials were constructed off-site, as opposed to being built on-site? That seems important in determining how accurate the 6 day estimate is.
- Finally, most critically imo, how does the bureaucratic approval process compare to most municipalities in the United States? How does this process account for local stakeholder interest in the project?
Monday, November 15, 2010
A quick note on the now infamous 6-day Chinese hotel
Most of us have, by now, seen this story. Matthew Kahn comments here. For me, there are three unaddressed points:
Labels:
Economic Freedom,
Law,
Public Choice,
Questions,
Regulations
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Concerning #2: That's the whole story. If you take a double-wide and set it up in a trailer park, have you built a home in an hour?
I'm also guessing the bureaucratic process, in terms of time required to reach a decision, was far less than what is witnessed in the US.
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