Miller, C J M; Packham, G A; Pickernell, D G and McGovern, M (2004) Building for the future: The potential importance of the construction industry in welsh economic development policy. Construction Management and Economics, 22(5), pp. 533-540. ISSN 01446193
Abstract
Government aid offered to Wales, and largely spent on attracting foreign direct investment, has yet to provide tangible benefits in terms of relative economic prosperity and sustained job creation. The present policy focus is therefore now concerned with creating innovative solutions led by local individuals, firms and communities. New economic strategic aims and objectives have failed to attach significance to the potential importance of the construction sector in assisting this economic regeneration of regions and, in particular, the benefits that can be derived from the development of the small construction enterprise (SCE). It is argued that for the SCE to survive and grow, it is necessary both to acknowledge the role of small firms and to develop beneficial training packages. Moreover, it is imperative that such new initiatives engender an inclusive culture that meet the needs of all contracting parties and aspires to the notion of increased profitability for all.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | government policy; small construction enterprises; training and development; wales |
| Index terms: | government policy, profitability, construction industry, package, foreign direct investment, contracting party, construction sector, Wales, economic development |
| Subjects: | practitioner, contractual arrangements, economic analysis, public policy, Geography, economic development, industry analysis |
| Topics: | Roles and Professions, Sustainability, Governance, Procurement, Business Strategy, Research Practice, Geographical Context, International Construction |
| Descriptive scope: | 3 PCT |
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