Trail of urbanisation Dawn.com Published March 27, 2012 0 A view of downtown Johannesburg. The city, once a bastion of apartheid South Africa, became a case study in urban decay in the 1990s as a shocking crime wave terrorised the city, leaving squatters to take over buildings that fell into squalor. Most businesses and residents moved to safer neighbourhoods, leaving the city centre a place dominated by slumlords exploiting the poor. ? AFP Photo Cars and buses share the road along Stockton Street in San Francisco, California. A Treasury Department report finds that Americans are wasting close to 1.9 billion gallons of gasoline each year sitting in traffic on congested roads. On the average, drivers are paying around $4 per gallon for gasoline. ? AFP Photo A couple rests at a table in Times Square in New York City. A recent study found that the Times Square district contributes up to 10% of all jobs in the city and is responsible for approximately 11% of economic activity. ? AFP Photo People walk through the Canary Wharf business district in London. A record number of London developers looking to build bespoke neighbourhoods from scratch will be emulating the success of centuries-old aristocratic landowning dynasties who have helped transform the capital city in the past 50 years. Developments like the 67-acre scheme in the King's Cross district and a 2,818-home plan for the Olympics site are among a dozen projects that have taken lessons from the likes of Grosvenor and Cadogan Estates, areas fo A businessman rides an escalator in the financial district of Pudong in Shanghai. Many foreign investors in China have been hit by a steady rise in wages - which puts them in the same boat as many U.S. businesses in China responding to a survey released on Monday by the American Chamber of Commerce. After decades of aggressive expansion in China, foreign employers like U.S. lawnmower manufacturer Briggs & Stratton face a relative shortage of experienced, English-speaking engineers and managers, and find it incr A masked demonstrator runs past burning debris near a bus stop in Nantes, after several thousand people took part in a protest against the building of an airport at Notre Dame des Landes, some 30 km (19 miles) from Nantes. The contruction is scheduled to be end by 2017. ? Reuters Photo This picture taken through a broken window shows derelict buildings and renovated building (R) in the city centre of Johannesburg. Downtown Johannesburg, once a bastion of apartheid South Africa, become a case study in urban decay in the 1990s as a shocking crime wave terrorised the city. Over the last decade, the city has made a concerted effort to reverse the decline. The Johannesburg Development Agency took charge of public spaces, and an Urban Development Zone offered tax breaks to develop certain neighbourhood A man holds up a kite as he helps to fly it at a demolition site near residential areas in Shijiazhuang, Hebei province. China should be ready to cope with "extreme risks" in the economy from a sharper global downturn, although the country is on track to grow a healthy 8.5 percent this year, a senior economist at the cabinet's think-tank said on Thursday. ? Reuters Photo Join our Whatsapp channel Trace the path of urban decay, wastage, renewal and growth in this selection of photographs related to business. – Photos by Agencies Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.
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