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
Mr Marcus McGowan MSc PgDip BA (Hons)
This Business Education Learning Blog is aimed primarily at Higher Business Management students/teachers and ICT students/teachers.
This Business Education Learning Blog is aimed primarily at Higher Business Management students/teachers and ICT students/teachers.
The aim of this blog is to provide you with interesting articles, news, trivia as well as resources or links to materials which will help in your course of study.
I am a Teacher of Business Education and I have written for Education Scotland and BBC Bitesize.
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Wednesday 11 January 2012
Skyscrapers 'linked with impending financial crashes'
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1 comment:
Wow! Thank you! I continually needed to write on my blog something like that. Can I implement a part of your post to my site?
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