A comparative analysis of construction industry international performance between China and United States using the International Advanced Index

Peng Zhang, Kerry London

Research output: Chapter in Book / Conference PaperConference Paperpeer-review

Abstract

![CDATA[The double-dip recession in the United States and the debt crisis in Europe have provided opportunities for international contractors in developing countries. The rise in construction activity in developing countries has caused an increase in competition in the global market. The Chinese construction industry has undergone a dramatic change caused by their internationalization strategy in recent years. Significant achievements have been made by the Chinese construction industry. This paper compares the Chinese and United States’ construction industries based on the International Advanced Index which was a new measure generated to address problems identified with current measures in the literature. IAI measures the international performance of a country’s construction industry by adopting the Depth Index (revenue composition), Height Index (top enterprises) and Width Index (fields involved). The key finding is although achievements have been gained by the Chinese construction industry in recent years, the gap in performance in comparison with the United States’ construction industry is increasing. The implication of this result is that the current development strategy of the Chinese construction industry in the international market is problematic.]]
Original languageEnglish
Title of host publicationResearch to Practice: Proceedings of the Joint CIB International Symposium of W055, W065, W089, W118, TG76, TG78, TG81 and TG84 (CIB 2012), 26-29 June 2012, Montreal, Canada
PublisherInternational Council for Research and Innovation in Building and Construction
Pages25-36
Number of pages12
ISBN (Print)9782981335517
Publication statusPublished - 2012
EventJoint CIB International Symposium of W055_W065_W089_W118_TG76_TG78_TG81 and TG84 -
Duration: 26 Jun 2012 → …

Conference

ConferenceJoint CIB International Symposium of W055_W065_W089_W118_TG76_TG78_TG81 and TG84
Period26/06/12 → …

Keywords

  • construction industry
  • performance
  • China
  • United States

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