Lin, Y H and Su, Z (2019) International market selection of infrastructure construction investment along 'one belt and one road': The case of asean countries. In: Gorse, C and Neilson, C J (eds.) Proceedings of 35th Annual ARCOM Conference, 2-4 September 2019, Leeds Beckett University, Leeds, UK.
Abstract
The selection of a suitable market is important to winning the fierce market competition brought by the process of internalization. Under the active support of the national policy “One Belt and One Road” Initiative, Chinese contractors have seized this historic opportunity to accelerate strategic globalization. Thus, a comprehensive survey of the market selection identification is critical to be conducted in terms of the Association of Southeast Asian Nations (ASEAN). The purpose of this paper is to determine the market selection of the infrastructure construction investment in ASEAN countries with the perspective of Chinese contractors. This paper firstly builds an evaluation index system of the market selection for infrastructure construction in ASEAN; then TOPSIS based on information entropy theory is used to deal with the data; lastly it conducts cluster analysis with SPSS. The results show that Brunei is high-risk and high-reward market; Indonesia, Philippines are low-risk and low-reward markets; Laos, Cambodia, Myanmar are high-risk and low-reward markets; while Singapore, Thailand, Malaysia and Vietnam are low-risk, high-reward markets. The results may not only help Chinese contractors select better candidate markets to enhance their sustainability in the international market, but also has great theoretical and practical significance.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | asean; obor; information entropy theory; international market selection; TOPSIS. |
| Index terms: | Philippines, markets, infrastructure construction, Thailand, competition, globalization, international market, cluster analysis, Brunei, national policy, survey, Cambodia, topsis, Myanmar, Malaysia, Indonesia, entropy, Vietnam, Singapore |
| Subjects: | market analysis, decision-making and optimization, economic factors, thermal systems, civil engineering, Geography, development economics, public policy, data analysis and analytics, economic analysis, data collection methods |
| Topics: | International Construction, Engineering Principles, Geographical Context, Research Practice, Business Strategy, Governance, Sustainability |
| Descriptive scope: | 5 PCTEA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here