“How has globalization impacted on the construction industry in terms of issues such as: structure, characteristics of the industry and individual firms, building cycles and forecasting the future direction of the overall economy and the construction industry in particular”.
TABLE OF CONTENTS Page
1.0 Executive Summary
2.0 Introduction
3.0 Globalization
4.0 Structure 4.1 The Global Construction Industry 4.2 Issues Relating to the Globalization Structure
5.0 Characteristics 5.1 Characteristics of the Industry 5.2 Individual Firms
6.0 Building Cycles
7.0 Forecasting the Future Direction 7.1 Future Direction of the Construction Industry 7.2 Future Direction of the Overall Economy
8.0 Conclusion
9.0 Reference List
10.0 Appendix 10.1 Tutorial 1 10.2 Tutorial 2 10.3 Tutorial 3 10.4 Tutorial 5 10.5 Tutorial 6 10.6 Tutorial 7 10.7 Tutorial 10
1. Executive Summary
I present this report on the impact of globalization on the construction industry in terms of related issues, which affect the overall building market. The influence of globalization on the construction industry is the transformation of local and regional markets into one global market. Impacting local construction industry in providing open construction trade. The globalization affects the characteristics and structure of international construction activity with issues relating the challenges from the global climate. The aim for the international construction industry is to provide the supply and demand of related goods and services required to undertake the necessary projects.
Local and regional markets are made up of a large amount of relatively small construction firms and small amount of relatively large firms. This report will provide evidence that the influence of the top 225 construction firms have on the international construction industry. These international large