Abstract
The late 1980s have been remarkable for a deepening of the international recession and a continuing crisis in the international monetary system. And yet it seems very much a case of ‘business as usual’ in the boardrooms of Australian city developers. Central city building is booming again as large-scale projects, usually incorporating offices and/or hotels, vie for attention on ever-changing skylines. As Berry and Huxley (1985) note, there is general applause for the re-appearance of construction cranes in the city as supposed precursors of economic recovery.

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