Issues for the Global Construction Market

Abstract

This paper examines issues of the global construction environment. The core theses developed is that globalization will create a new construction industry. A conceptual framework initiates discussion in relation to four selected perspectives vis. neo-classic theory; a comparison with manufacturing; construction industry development; and ownership structure. Conclusions drawn indicate that analysis is only just emerging, and that future examination will require a shift in current understanding so as to consider the global firm as operating in a new and totally separate market.