15 Jan '12, 5pm

Are Skyscrapers Torpedoing the World's Economies?

Are Skyscrapers Torpedoing the World's Economies?

Chelsea Hicks /CC BY 2.0 The Hong Kong skyline. Does pride goeth before a fall, as the biblically based saying has it, for the world's booming cities too? A new report by an investment bank that postulates an "unhealthy" link between skyscraper construction and financial crisis suggests it might. Barclays Capital recently issued a warning to investors about avid skyscraper-builders China and India, noting an "unhealthy correlation between construction of the next world's tallest building and an impending financial crisis": [O]ften 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. But Isn't Density Good? The news might come as a bit of a downer to advocates of greater density , typically an environmental plus, but the focus of Barclays' attention...

Full article: http://www.treehugger.com/urban-design/are-skyscrapers-to...

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