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Article: Globalization and construction industry development: Implications of recent developments in the construction sector in Asia
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TitleGlobalization and construction industry development: Implications of recent developments in the construction sector in Asia
 
AuthorsRaftery, J1
Pasadilla, B1
Chiang, YH1
Hui, ECM1
Tang, BS1
 
KeywordsAsia
Construction
Construction industry development
Globalization
 
Issue Date1998
 
PublisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/01446193.asp
 
CitationConstruction Management And Economics, 1998, v. 16 n. 6, p. 729-737 [How to Cite?]
 
AbstractRecent developments in the construction sector in the Asian region demonstrate three trends: (1) larger private sector participation in infrastructure projects, (2) increasing vertical integration in the packaging of construction projects, and (3) increased foreign participation in domestic construction. This paper attributes the trends to the globalization and deregulation of markets necessitated by fiscal, technological and managerial constraints. Although these trends present intra-Asian opportunities, there are also areas of concern. The trends have helped polarize the financial and technical superiority of the developed countries and the corresponding inferiority of the developed countries in the region of the developing ones. In the long term, this gap could be filled through technology transfer. In the short term, however, there are concerns that imported construction services could grow at the expense of the indigenous sectors of the developing countries. This paper illustrates this dilemma with the case of Japan as a world leader in international construction services. Its dominance has apparently come through the orchestration of industrial and corporate policies, implemented in a highly regulated and protected domestic market. However, construction industries in other Asian economies (such as China) will have to leapfrog in technology, finance and management know-how (e.g. through joint ventures with developed countries' construction companies) before they can become formidable powers in an environment that has become much more global, more de-regulated, more open and more competitive than before.
 
ISSN0144-6193
 
ReferencesReferences in Scopus
 
DC FieldValue
dc.contributor.authorRaftery, J
 
dc.contributor.authorPasadilla, B
 
dc.contributor.authorChiang, YH
 
dc.contributor.authorHui, ECM
 
dc.contributor.authorTang, BS
 
dc.date.accessioned2012-09-28T04:04:29Z
 
dc.date.available2012-09-28T04:04:29Z
 
dc.date.issued1998
 
dc.description.abstractRecent developments in the construction sector in the Asian region demonstrate three trends: (1) larger private sector participation in infrastructure projects, (2) increasing vertical integration in the packaging of construction projects, and (3) increased foreign participation in domestic construction. This paper attributes the trends to the globalization and deregulation of markets necessitated by fiscal, technological and managerial constraints. Although these trends present intra-Asian opportunities, there are also areas of concern. The trends have helped polarize the financial and technical superiority of the developed countries and the corresponding inferiority of the developed countries in the region of the developing ones. In the long term, this gap could be filled through technology transfer. In the short term, however, there are concerns that imported construction services could grow at the expense of the indigenous sectors of the developing countries. This paper illustrates this dilemma with the case of Japan as a world leader in international construction services. Its dominance has apparently come through the orchestration of industrial and corporate policies, implemented in a highly regulated and protected domestic market. However, construction industries in other Asian economies (such as China) will have to leapfrog in technology, finance and management know-how (e.g. through joint ventures with developed countries' construction companies) before they can become formidable powers in an environment that has become much more global, more de-regulated, more open and more competitive than before.
 
dc.description.natureLink_to_subscribed_fulltext
 
dc.identifier.citationConstruction Management And Economics, 1998, v. 16 n. 6, p. 729-737 [How to Cite?]
 
dc.identifier.epage737
 
dc.identifier.issn0144-6193
 
dc.identifier.issue6
 
dc.identifier.scopuseid_2-s2.0-0000381008
 
dc.identifier.spage729
 
dc.identifier.urihttp://hdl.handle.net/10722/167117
 
dc.identifier.volume16
 
dc.languageeng
 
dc.publisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/01446193.asp
 
dc.publisher.placeUnited Kingdom
 
dc.relation.ispartofConstruction Management and Economics
 
dc.relation.referencesReferences in Scopus
 
dc.subjectAsia
 
dc.subjectConstruction
 
dc.subjectConstruction industry development
 
dc.subjectGlobalization
 
dc.titleGlobalization and construction industry development: Implications of recent developments in the construction sector in Asia
 
dc.typeArticle
 
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<contributor.author>Tang, BS</contributor.author>
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Author Affiliations
  1. Hong Kong Polytechnic University