Open AccessWorld Construction Market
Author(s) -
Iliev Ben-Zion
Publication year - 2019
Publication title -
review of business and economics studies
Language(s) - English
Resource type - Journals
eISSN - 2311-0279
pISSN - 2308-944X
DOI - 10.26794/2308-944x-2019-7-2-32-36
Subject(s) - business , construction management , china , construction industry , industrial organization , european union , national economy , market economy , commerce , economic system , economics , international trade , engineering , management , construction engineering , political science , law
Construction sector involves a lot of counterparties and influence of the whole national economies. In one construction project (for example, business centre) involves a huge number of different companies — from extraction (elements for cement) to project management and design. And, as a consequence, the importance of the construction sector is not only related to its size but also its role in economic growth. There is evidence of the existence of a very strong relationship between construction activity and economic growth. Leaders of the global construction market — USA, China and the European Union. Partially, it depends on the national economy, but there is a list of additional points — management efficiency, construction technology, skills availability, and so on.