New perspectives on construction in developing countries by George Ofori

By George Ofori

"Though the demanding situations confronting the development in constructing international locations have grown, present examine hardly ever offers powerful strategies. This ebook specializes in the frequent matters in relation to the development in constructing nations, and offers an updated perception into very important new options and issues"-- 1. the development industries in constructing nations: strategic evaluate of the publication (George Ofori) half I: development and monetary improvement 2. alterations in societies and economies: new imperatives (Les Ruddock and Steven Ruddock) three. development within the financial system and its function in socio-economic improvement (Jorge Lopes) half II: building Developent: macro-level matters four. development and Millenium improvement targets (George Ofori) five. establishment construction in development industries in constructing nations (Rodney Milford) 6. Championing of development improvement programmes and initatives (George Ofori and Patricia Lim Mui Mui) 7. casual development job in constructing nations (Jill Wells) half III: development improvement concerns: key parts eight. development know-how improvement and innovation (Emilia van Egmond) nine. Human source improvement in building (Ellis L.C. Osabutey, Richard B. Nyuur and Yaw A. Debrah) 10. Contractor improvement (Winston Shakantu) eleven. The severe function of consulting agencies within the acceleration of infrastructure supply and the development of the standard of existence (Ron Watermeyer) 12. Financing building tasks in constructing nations (Akintola Akintoye and Suresh Renukappa) writer Index. topic Index

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Develop a global partnership for development. The construction industry can play a significant role in the efforts to attain several of the MDGs, through the building of schools, hospitals and other items of infrastructure, but, arguably, it is mainly in the pursuit of Goal 7, ‘Ensure environmental sustainability’, that the industry has the most important part to play. This becomes clear when one considers the specific MDG7 targets of improving the lives of at least 100 million slum dwellers by 2020 and halving the proportion of people without access to safe drinking water and basic sanitation, as well as reversing the loss of environmental resources.

Thus, construction projects can alleviate poverty in the developing countries as they build the large volume of buildings and infrastructure which they need to support their socio-economic development. However, owing to globalisation, many of the positions on major construction projects in these countries are taken by foreign personnel because most of these countries lack the professional and technical expertise and the skilled site workers required to construct complex buildings and infrastructure.

Changes in societies and economies 29 Financing infrastructure Investment in infrastructure is a fundamental building block of a prosperous economy but, since the onset of the global economic and financial crisis, risk aversion among private equity and infrastructure funds and the ambivalent state of public capital markets have led to a paucity of fresh capital. For instance, the World Bank (2010b) estimates that sub-Saharan Africa is facing a total funding gap of US$31 billion over the next 10 years as traditional finance models for infrastructure have faltered in the wake of the global economic crisis.

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