Issues for the Global Construction Market

George Najjir, Philip Love, Goran Runeson


Abstract

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.

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