scholarly journals Analysis of the impact of the construction sector on Colombian economy

Tecnura ◽  
2020 ◽  
Vol 24 (66) ◽  
pp. 109-118
Author(s):  
Jorge-Andrés Sarmiento-Rojas ◽  
Juan Sebastian Gonzalez-Sanabria ◽  
Carlos Gabriel Hernández Carrillo
Keyword(s):  
Global Economy ◽  
Construction Projects ◽  
Public Investment ◽  
Supply And Demand ◽  
Job Creation ◽  
Global Market ◽  
Construction Sector ◽  
Economic Sectors ◽  
Moderate Growth ◽  
The Impact

Objective: Construction is one of the fastest growing and most important economic sectors worldwide, mainly due to its impact on job creation, trade in materials and the creation of essential infrastructure for social development. However, the behavior of the global market has recently been immersed in an environment of economic and political uncertainty, causing trade and industrial production to show signs of vulnerability. Despite the unfortunate ones established in the global economy, there will be moderate growth in rankings of developing countries like Colombia in different sectors. Methodology: Consequently, this research focused on analyzing the construction sector starting from its historical impact on Colombian economic development and its relationship with external phenomena, to the evaluation of macroeconomic indicators, supply and demand for capital goods, infrastructure and job creation through the formulation of projects in this sector, which are differential for having a public investment effect in the construction of houses and civil works. Results and conclusions: Likewise, deduce a weak recovery in the general market in relation to the factors surrounding the construction sector, evaluate and focus trends and the impact on the formulation of construction projects in the Colombian economy.

scholarly journals THE IMPACT OF THE CORONAVIRUS PANDEMIC ON THE FORMS AND STRUCTURE OF EMPLOYMENT

2020 ◽  
pp. 117-120
Author(s):  
JOSEPH ARCHVADZE
Keyword(s):  
Labor Market ◽  
Global Economy ◽  
Supply And Demand ◽  
Developed Countries ◽  
Global Market ◽  
Economic Downturn ◽  
Foreign Markets ◽  
Global Demand ◽  
The Impact ◽  
Double Digit

The coronavirus pandemic almost immediately led to a global narrowing of the global economy, a sharp reduction in aggregate supply and demand. The decline in production was especially felt in the second quarter of 2020, when the recession in most countries of the world had a double-digit value. According to IMF forecasts, in general, the economy in developed countries, even in 2021, will not reach the level of 2019. The global economic downturn is accompanied by a massive reduction in jobs, rising unemployment, especially in industries that are focused on foreign markets and serving foreign consumers (export production, reception and service of foreign tourists, international transportation, etc.). The economic crisis caused by the coronavirus also hit global economic and technological ties, led to their widespread fail in many geographical points of the planet, and increased the risk of fragmentation and regionalization of the global market. All this was adequately reflected in change of global demand for labor, in a significant transformation of the structure, size and location of employment, and the state of the labor market as a whole. At the same time, the global crisis did not equally affect the level of employment in different types of activity, the formation of demand for labor, the labor market as a whole; the structure of jobs and employment in individual professions, instead of a proportional change, was uneven - mainly in an asymmetric form.

The Impact of Terrorism on Construction Industry in Iraq

2015 ◽  
Vol 3 (2) ◽  
pp. 69-84
Author(s):  
Wadhah Amer Hatem ◽  
Samiaah M. Hassen Al-Tmeemy
Keyword(s):  
Construction Industry ◽  
Construction Projects ◽  
Historical Data ◽  
Terrorist Attacks ◽  
Construction Sector ◽  
Statistical Procedures ◽  
Qualitative Approaches ◽  
Suicide Attacks ◽  
The Face ◽  
The Impact

     Suicide attacks, bombings, explosions became the part of daily life in Iraq. Consequently, the threat of terrorism put the Iraqi construction sector in the face of unique and unusual challenges that not seen on other countries. These challenges can have extensive impact on construction projects. This paper seeks to examine the impact of the terrorist attacks on construction industry and determine the extent to which the impact of terrorism on construction projects in terms of cost, schedule, and quality. This study adapted quantitative and qualitative approaches to collect data using questionnaire survey and interviews, as well as historical data. The study focused on projects that have been the target of terrorist strikes in Diyala governorate. A variety of statistical procedures were employed in data analysis. The results revealed the extent to which terrorist attacks impact construction projects in terms of cost, time, and quality. The results of this study will enhance the awareness of all construction parties to the impact of the terrorist attacks against construction projects. Eventually, this can develop a risk management assessment and assist contractors to properly protect projects and buildings to minimize injuries and fatalities in the event of terrorism.

scholarly journals The global economy and its influence on the Slovak construction sector

2010 ◽  
Vol 18 (1) ◽  
pp. 17-23
Author(s):  
E. Jankovichová
Keyword(s):  
Construction Industry ◽  
Global Economy ◽  
Communication Channels ◽  
Organization Structure ◽  
Construction Sector ◽  
Construction Companies ◽  
Control Procedures ◽  
Management Approaches ◽  
And Control ◽  
The Impact

The global economy and its influence on the Slovak construction sectorFor the construction industry, globalization is a trend that means two things: many opportunities and many threats. In the conditions of globalization many management approaches, such as organization structure, strategy forming, planning, motivation and control procedures, communication channels, risk management, etc., must transform. The aim of the paper is to analyze the influence of globalization on the construction industry in Slovakia and identify the impact of globalization on construction companies in this area.

scholarly journals Governmental Stakeholders Impact on Construction Projects in Oman

2020 ◽  
Author(s):  
Osama Salim Al Adawi ◽  
Said Salim Al Hina ◽  
Hussin A. M. Yahia ◽  
Ram Kishore Manchiryal
Keyword(s):  
Construction Projects ◽  
Qualitative Method ◽  
Project Managers ◽  
Construction Sector ◽  
Approval Process ◽  
The Third ◽  
Project Environment ◽  
Local Companies ◽  
The Impact ◽  
Lengthy Process

Organizations and companies who are working on construction sector within Oman are suffering from running into the bureaucracy process which established within the governmental stakeholders to obtain approvals and permissions like NOCs (No Objection Certificates). The objectives of this Research are to identify the impact of governmental stakeholders on delaying projects completion as a result of lengthy process of granting NOCs and subsequently design a platform which will guarantee a flat process for approaching information and issuing approvals. Three research methodologies have been implemented in this study. The first one was a quantitative where questionnaire distributed to selective personnel who are working in construction project environment and representing different local companies. The second one was a qualitative method where interviews with project managers, senior engineers and leaders in the construction field has been conducted to understand the impact caused by long approval process in their projects’ lifecycle. The third one was an expert system where an online platform is developed and sought to expedite the approvals process from governmental stakeholders and accordingly evaluate the compatibility and reliability of the system through selective personnel from the construction sector. The expected outcomes of this study are to achieve a solution with an aim at speeding up issuing NOCs and approvals obtainment as well as diminishing the needless processes practiced by governmental stakeholders in the built environment within Oman.

scholarly journals An algorithm clusters and residents of special economic zones interaction

2021 ◽  
Vol 263 ◽  
pp. 05016
Author(s):  
Daler Iskandarov ◽  
Svetlana Borozdina
Keyword(s):  
Synergistic Effect ◽  
Construction Projects ◽  
Investment Project ◽  
Expert Assessment ◽  
Competitive Advantages ◽  
Special Economic Zones ◽  
Construction Sector ◽  
Economic Sectors ◽  
Economic Zones ◽  
Quantitative Indicators

The article deals with the problem of inefficiency in using special economic zones (SEZ) as a tool for attracting direct investment in economic sectors. To solve this problem, the article identified the main quantitative indicators that reflect the negative trend. The purpose of the research was to study and analyze the existing special economic zones (SEZ) and clusters of the investment and construction sector (ICS), as well as their subsequent comparison based on geographical localization. The authors have developed a methodology for selecting clusters of ICS and SEZ. As a result of the scientific research, was developed the author’s methodology for selection clusters and special economic zones functioning in ICS, also were established characteristics and indicators for assessing the interaction and the possibility of implementing an investment project and the synergistic effect from including a SEZ resident in the ICS cluster. As the key methods to determine the effect of interaction were used questioning and expert assessment. The authors propose to develop an algorithm for interaction between clusters of investment and construction sector (ICS) enterprises and residents of special economic zones for the joint investment and construction projects (ICP) implementation to solve the unused zonal infrastructure capacity problem and for assessing the synergistic effect of being included in ICS cluster a SEZ resident with important competitive advantages. Special attention is paid to land usage as the most important resource in the construction projects implementation. Conclusions are drawn about the need for changes in the SEZ and its structural elements management.

scholarly journals Characteristics of the Textile Industry of Two Asian Powers: China and India. Prospects for their Further Development on Global Markets

2019 ◽  
Vol 27 (5(137)) ◽  
pp. 10-19
Author(s):  
Anna Antczak ◽  
Marianna Greta ◽  
Agata Kopeć ◽  
Jacek Otto
Keyword(s):  
Developing Countries ◽  
Textile Industry ◽  
Global Economy ◽  
Global Market ◽  
Global Markets ◽  
China And India ◽  
The Impact ◽  
Further Development

The aim of this study is to characterise the textile industry of the two global giants in this field - China and India and to discuss the impact they exert on the global economy. For centuries the fibre and textile industry has played a key role for humanity. The study also draws attention to international arrangements for trade in textiles and its liberalisation. This allowed for further development of this branch of the economy and participation in the global market of developing countries.

Evaluate the UK Construction Project Impact and Response Strategies during the Epidemic through Malaysia and China

2020 ◽  
Vol 07 (3&4) ◽  
pp. 17-26
Author(s):  
Abdussalam Shibani ◽  
Keyword(s):  
Construction Industry ◽  
Global Economy ◽  
Construction Projects ◽  
Experimental Result ◽  
Prevention Measures ◽  
Management Measures ◽  
The Government ◽  
Under Construction ◽  
The Uk ◽  
The Impact

2020 is a special year, this year the world’s economy has become extremely unstable because of the arrival of COVID-19. Idiosyncratic shocks have hit the global economy. The stock market has suspended, companies have closed, unemployment has soared, every industry has faced the biggest crisis since the Second World War. The British construction industry is certainly no exception. This time it will be the victim of this epidemic and the financial crisis. Compared with the European and American countries, the impact of the epidemic in Asia (Malaysia and China) is relatively light. The development of the epidemic situation in these countries has been controlled relatively effectively and strictly controlled. They are inextricably linked. However, the impact of construction projects in any area under the epidemic, the countermeasures adopted by the government, the epidemic prevention measures adopted by the company and the risk prevention strategy are very different. Therefore, under different circumstances, whether it is from the construction industry managers themselves or government policymakers, it is essential to apply correct and valid management measures to face the projects under construction under the epidemic actively. Simultaneously, collect statistics from questionnaire surveys of three countries in the region, then get an experimental result. Besides, different countries have different policies and forms of epidemic development. So, this research will summarize the corresponding policies and coping strategies of the project. It based on statistics of Malaysia and Chinese construction Projects, surveys for five projects to make comparisons than do statistics to the survey result.

The Impact of European Funds in View of Company Value Creation

2021 ◽  
pp. 1-19
Author(s):  
Nuno Miguel Teixeira ◽  
Inês Lisboa ◽  
Rui Brites ◽  
Teresa Godinho
Keyword(s):  
Strategic Management ◽  
Technological Innovation ◽  
Value Creation ◽  
Job Creation ◽  
Global Market ◽  
Frequent Change ◽  
Business Context ◽  
Company Value ◽  
Innovation Incentive ◽  
The Impact

Over the last few years, business management has become quite complex, leading to constant risks in the business context resulting from economies' globalization, not only by the frequent change in the organizations' proprietary structure, but also due to technological innovation and competitiveness in the global market. The sum of all the factors referred to above and the actual pandemic situation has substantially increased the level of risk in current or strategic management decisions taken within the scope of the organizations' activity. Thus, the aim of this research is to study the impact of EU funds on Portuguese companies by analyzing companies that have benefited from European incentives under the innovation incentive system, since it covers financing investments of global and strategic nature in productive areas. In this sense, the sample includes the companies that had projects approved in 2014 and aims to verify the impact of these incentives on the capacity of value creation, as well as on job creation and internationalization level in years of 2015, 2016, 2017, and 2018.

scholarly journals Informatization of global economic development and place of Ukraine in the information environment

2019 ◽  
Keyword(s):  
Economic Development ◽  
Information And Communication Technologies ◽  
Global Economy ◽  
World Economy ◽  
Communication Technologies ◽  
Global Market ◽  
Development Index ◽  
The World ◽  
Information And Communication ◽  
The Impact

This publication studies the impact of information and communication technologies on the global economy; using the main Indices (Network Readiness Index, Global Innovation Index, E-Government Development Index, E-Participation Index and ICT Development Index) the authors analyzed at a on information society development. Information and communication technologies are an integral part of the global economy; the decisive factor of the country's economic development is the level of ICT use in various areas of public life. The fact of the transition from the “old industrial order” to the “new economy”, which affects the processes of production, processing and transmission of information, transforming the economy, politics and culture in the modern world, becomes obvious. The rapid development and spread of new ICT technologies acquire the nature of the global information revolution. This leads to an irreversible transformation into a new post-industrial type of society. The main idea of this research is relevant within the scientific and practical terms. The subject of the research is the informatization of global economic development. The purpose of the research is to study informatization processes and to analyze ICT as a resource of the modern development of the world economy. The object of the study is the dynamics of the informatization process development and the detailed analysis of the impact of ICT on the world economy. The scientific methods are a system analysis, a factor analysis and a graphical method. The study reveals new components of the world economy and countries’ positions on the global market. The authors conclude that due to the development of ICT, almost all areas of the economy, which have an impact on the development of states and people's welfare, are getting intensified.

scholarly journals Innovative Policy Reforms for Sustainable Development: Empirical Evidence from PICs

ECONOMICS ◽  
2018 ◽  
Vol 6 (2) ◽  
pp. 79-85
Author(s):  
Dr Ranasinghe M.W. Amaradasa
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Global Economy ◽  
Developing Nations ◽  
Global Market ◽  
Design Development ◽  
Policy Reforms ◽  
Economic Sectors ◽  
Business World ◽  
The Pacific

Summary The science and technology capabilities inculcate economic growth in a country through various processes engaged with absorption and utilization of existing knowledge, and creation of new knowledge. The Pacific Island Countries consisted of many small developing island nations naturally have limited S&T capabilities and narrow development agenda. The present study explores how different island nations in the Pacific configure themselves and design development initiatives in the global economy. Recent policy initiatives, S&T establishments and innovative approaches in PICs are visited to derive reasonable conclusive remarks. The analysis disclose existence of focussed but partially fragmented move towards sustainable development rather than driving the economy for generating a competitive edge in the business world. The fabric of the economic growth in small developing nations is naturally blended with the social and cultural interests and hence innovations across specific segments of economic sectors are chosen based on their capabilities and access to resources. Hence, the evidence reimpose that fact that the small developing nations, in particularly the PICs, select the path of development to generate the competitive advantage in the global market, while emphasizing sustainability as a priority.

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