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|Title:||Construction and economic development in selected LDCs: Past, present and future|
|Keywords:||Construction and economic development|
|Citation:||Tan, W. (2002). Construction and economic development in selected LDCs: Past, present and future. Construction Management and Economics 20 (7) : 593-599. ScholarBank@NUS Repository. https://doi.org/10.1080/01446190210159827|
|Abstract:||This paper critically examines the changing relations between construction and economic development in selected less developed countries (LDCs) in the light of new development dynamics. Historically, the relationship was seen in Keynesian terms. By the 1980s, attention turned towards structuralist and political economy explanations amid a neoclassical revival towards structural adjustments and 'market friendly' reforms. Current explanations tend to focus on property rights and building institutional capabilities. The strengths and weaknesses of current explanations provide future directions for research.|
|Source Title:||Construction Management and Economics|
|Appears in Collections:||Staff Publications|
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