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World Construction Market

https://doi.org/10.26794/2308-944X-2019-7-2-32-36

Abstract

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.

About the Author

B.-Z. Iliev
Financial University
Russian Federation

Ben-Zion Iliev

Master’s student, International Finance Faculty

Moscow



References

1. Lopes, J., Balsa, C. (2011). The long-run relationship between the construction sector and the national economy in Cape Verde. International Journal of Strategic Property Management, 15(1), 48–59.

2. International construction market survey 2018. London: Turner & Townsend. 2018. 105 p.

3. Li, F., Liu, S. (2016). The lack of construction labour in China and its impact. Construction Economics, 36(2), 18–21.

4. National Bureau of Statistics in China. Official site [Electronic source]. URL: http://www.stats.gov.cn/english/.

5. Russian Federation Federal State Statistics Service. Official site [Electronic source]. URL: http://www.gks.ru.


Review

For citations:


Iliev B. World Construction Market. Review of Business and Economics Studies. 2019;7(2):32-36. https://doi.org/10.26794/2308-944X-2019-7-2-32-36



ISSN 2308-944X (Print)
ISSN 2311-0279 (Online)