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Issue:

Miscellaneous

 

Written by:

Olivia A

 

Date added:

October 17, 2011

 

Level:

University

 

Grade:

A

 

No of pages / words:

14 / 3867

 

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Its influence to the global economy and the macro-economy condition of countries impacts the industries within. It has raised issues on investment, market entry (and competition), and also technology development. Particularly in the construction industry of developing countries, globalisation remains a big question...
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Benefits to the industry in that respective group of countries are still far from clear. The study of Raftery et.al. (1998) on construction industry in Asia suggested that although three positive trends (i.e. larger private sector participation, increasing vertical integration and increased foreign participation) present, there is short term concern regarding the growth of imported construction services at the expense of the indigenous sectors of the developing countries...
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