Effects of Globalisation on the Construction Industry

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BRIEF CONTENTS

|S. No |Topic |Page | | | | | | | | | | | | | |1 |Introduction |2 – 3 | | | | | | | | | |2 |Information Gathering |4 – 9 | | | | | | | | | |3 |Analysis |10 – 11 | | | | | | | | | |4 |Conclusion |12 | | | | | |5 |Appendices |13 |

|I N T R O D U C T I O N |

Definitions:

According to Dr. Ismail Shariff, globalization is the worldwide process of homogenizing prices, products, wages, rates of interest and profits [1]. Globalization relies on three forces for development: the role of human migration, international trade, and rapid movements of capital and integration of financial markets.

A typical - but restrictive - definition can be taken from the International Monetary Fund,which stresses the growing economic interdependence of countries worldwide through increasing volume and variety of cross-border transactions in goods and services, free international capital flows, and more rapid and widespread diffusion of technology.While being a complex and multifaceted array of phenomena, globalization

Globalization has become identified with a number of trends, most of which may have developed or accelerated since World War II. These include greater international movement of commodities, money, information, and people; and the development of technology, organizations, legal systems, and infrastructures to allow this movement. The actual existence of some of these trends is debated Greater international cultural exchange, Spreading of multiculturalism, and better individual access to cultural diversity, for example through the export of Hollywood and Bollywood movies. However, the imported culture can easily supplant the local culture, causing reduction in diversity through hybridization or even assimilation. The most prominent form...
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