Construction and economic development. A case study

Abstract

Highlights the importance of construction in economic development suggesting that the industry should not simply be perceived as providing infrastructure and solutions to problems of shelter, but also as a potentially leading sector in the change process which stimulates the economy and alleviates unemployment. Construction is both contributory and responsive to development pressures, and policy should be formulated accordingly. The role the construction industry has played in the economy of Singapore not only illustrates its significance in the development process, but also demonstrates how the industry can play a central role in the development strategy of many developing countries by providing the basis for sustained economic growth. -from Authors