Mr McGowan's Learning Blog: Skyscrapers 'linked with impending financial crashes'

Mr Marcus McGowan MSc PgDip BA (Hons)

is Enterprise Coordinator and Teacher of Business Education at Hamilton Grammar School.

I have provisional registration in Computing and GTC Professional Recognition for Enterprise and ICT.

I have developed materials for Learning and Teaching Scotland and BBC Bitesize for Higher Business Management as well as delivering many INSETs on blogging and podcasting.

I have links with the Hunter Centre for Entrepreneurship through SIFE, and am a committee member of the SBEA.

If you'd like to contact me about materials, resources, or this blog then please click on the link to: email me

Wednesday, 11 January 2012

Skyscrapers 'linked with impending financial crashes'

There is an "unhealthy correlation" between the building of skyscrapers and subsequent financial crashes, according to Barclays Capital.

Examples include the Empire State building, built as the Great Depression was under way, and the current world's tallest, the Burj Khalifa, built just before Dubai almost went bust.
China is currently the biggest builder of skyscrapers, the bank said.

India also has 14 skyscrapers under construction.

"Often the world's tallest buildings are simply the edifice of a broader skyscraper building boom, reflecting a widespread misallocation of capital and an impending economic correction," Barclays Capital analysts said

Source BBC News