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And NASA should be charged to reduce or cancel development projects that are not performing to cost.
In the central city of Da Nang, which has thrived during the past decade, officials have been forced to cancel development projects on the outskirts of the city.
Some companies have also had to delay or cancel development projects due to funding difficulties arising from the global credit crisis.
After leaving Google, Rubin went on to found Essential Products, a smartphone company that raised heaps of venture capital funding only to cancel development of its next phone, lay off 30percentt of its staff and reportedly put itself up for sale.
Opponents of the project have urged the Prime Minister of Croatia to cancel development of the plant.
The decision to cancel development was based entirely on budget calculations, with no possible way to come up with funds no matter how many other areas were reduced.
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However, Lego cancelled development of its online Universe game, which was launched in late 2010, after a disappointing reception.
"The port industry had to quickly shift gears, and in 2009 operators went into cost-control mode and renegotiated, postponed or canceled development projects".
Essential, the smartphone company helmed by Android co-creator Andy Rubin, is trying to sell itself and has cancelled development of its next phone, Bloomberg reports.
The signal of this shift away from ever increasing clock speeds occurred when Intel Corporation cancelled development of its new single core processors to focus development on dual core technology.
The U.S. Army yesterday canceled development of the long envisioned but never built Comanche helicopter program, citing business reasons for termination of the project, which has already cost $8 billion.
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