Lewis, T M (2007) Impact of globalization on the construction sector in developing countries. Construction Management and Economics, 25(1), pp. 7-23. ISSN 1466433X
Abstract
The international movement towards open markets promoted by the World Trade Organisation (WTO) has as its premise that trade liberalisation will benefit all concerned. Each country should be able to exploit its position of comparative advantage once a free and fair trade regime has been implemented. Although most commentators agree that in theory free trade should be beneficial, its implementation has been anything but beneficial for the developing countries. The construction sector falls under the provisions of the services negotiations of the WTO, and stands to experience the effects of trade liberalisation. Whether construction firms from the developing countries stand to gain or lose from this exposure to open competition is discussed in the light of the inequity with which the developing countries have been treated in the globalization of markets to date.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | free trade; inequality; construction; globalization; World Trade Organization |
| Index terms: | competition, globalization, construction sector, exposure, movement, developing country, construction firm, free trade, inequality, liberalization, negotiation, markets, implementation, World Trade Organization, falls |
| Subjects: | development economics, public and environmental health, health risk and incident analysis, economic factors, industry analysis, sociology, market analysis, conflict resolution, health behaviours and lifestyles, organization, institutional frameworks, economic analysis, contractual arrangements |
| Topics: | Research Practice, Business Strategy, Health and Safety, Procurement, Governance, Stakeholder Management, Ethics, 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