L5 - India F1 Flashcards
What are the typical top down characteristics In developing countries ?
They are frequently large scale and involve major corporations and foreign agencies and funding
What are the economical conflicts of top down in F1 India
They are frequently unsuccessful because F1 didn’t come to India in 2014 and 2000 construction jobs were only temporary
How much did the property price rose up ?
They rose 25% , pricing locals out of the market therefore agriculture land has now gone.
What is one main gain of the F1 project ?
Some farmers gained £186,000 in compensation to reinvest Elsewhere
What international circuit focuses international attention on India ?
Buddh international circuit
What does Real estate boom leads to ?
- multiplier effect as the money trickles down
E.g - sports city : cricket and tennis
E.g - nocturnal zoo and night safari park with 71 species of birds and animals
What are the typical top down characteristics ?
- They are very large
- They are planned by central government
- They are expensive