The Construction Sector in the Asian Economies

by Y.H. Chiang, John Raftery

This comprehensive and up-to-date collection of data on the Asian construction sector presents a unique guide to construction economics in the following countries: Australia, China Mainland, China Hong Kong, India, Indonesia, Japan, South Korea, Philippines, Singapore, Sri Lanka and Vietnam. The state of the construction sector is a good indicator of the overall health of an economy. In under-developed countries activity in the construction sector shows the level of resources channelled into infrastructure development; and in developed countries, it demonstrates the extent to which development is maintained and indicates the general direction of the economy. New trends in the construction sector in Asia are: larger private sector participation in infrastructure projects; increased vertical integration in the packaging of construction projects; and increased foreign participation in domestic construction. These may be attributed to the globalization or de-regulation of markets as necessitated by fiscal, technological and managerial constraints. While these trends present intra-Asian opportunities, they have also accentuated the financial and technical superiority of the developed co

512 pages, Hardcover

First published January 21, 2005