International Construction Market

International expansion of construction in the contemporary period is not simply a reflection of the infrastructure work in developing countries or the rebuilding of war-torn countries that dominated international construction for decades. Rather, in the contemporary period, international construction companies are bidding on and winning major contracts in the domestic markets of developed economies.

The process of globalization in construction is expected to intensify. Further, the international construction market is not and will not in the future be limited to simply building activities. Rather, the international construction market will be multifaceted, and will include actual construction activities, design and engineering work, the provision of management expertise, and the sales of construction materials. With the broadening of the international construction market and the intensification of the global competition in the international industry, it behooves all participants in the construction industry and all national governments to become a

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aid to East Asia in the 1960-1970s, Japan has been the leading provider of such assistance in recent years. Much of the aid Japan provides to the region underwrites infrastructure-related projects, which not only improve the investment climate in the recipient nations, but also provide ready markets for suppliers of equipment and services in the region's energy, telecommunications, water treatment, transportation, and construction fields. In the United States, there has been considerable debate over the years surrounding official foreign aid, specifically about the priority to be accorded various goals-commercial, political, strategic, development, and humanitarian. It is generally agreed that political and security considerations have predominated in decisions about country allocation, while development and humanitarian goals have guided program management; even when economic objectives are emphasized, they tend to be cast in broad terms. The International Trade Commission "notes several problems with U.S. official foreign aid to East Asia. While Japan is accused of having a hidden agenda of advancing Japan's commercial interests, Western donors are credited with being motivated by 'missionary zeal.' In addition, the admi
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Approximate Word count = 8388
Approximate Pages = 34 (250 words per page)

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