The construction industry is big business. A recent study has predicted that global construction output will increase by more than 70%, to US$15 trillion per year worldwide, by 2025. The dominant sources of this growth will be three countries in particular, China, India and the U.S., with much of the remainder in the emerging markets.
This growth is a cause for celebration, but it will not come without challenges. Some of those countries where the highest growth is predicted are also perceived as having the highest levels of corruption.
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Topics: Anti-Corruption, China, Construction Contracts, Contractors, Corruption, India, Subcontractors
Published In: Construction Updates, Criminal Law Updates, Government Contracting Updates, International Trade Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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