Construction Economics and Building (Nov 2012)

Issues for the Global Construction Market

  • George Najjir,
  • Philip Love,
  • Goran Runeson

DOI
https://doi.org/10.5130/AJCEB.v1i2.2878
Journal volume & issue
Vol. 1, no. 2

Abstract

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This paper examines issues of the global construction environment. The core theses developed is that globalization will create a new construction industry. A conceptual framework initiates discussion in relation to four selected perspectives vis. neo-classic theory; a comparison with manufacturing; construction industry development; and ownership structure. Conclusions drawn indicate that analysis is only just emerging, and that future examination will require a shift in current understanding so as to consider the global firm as operating in a new and totally separate market.