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At the beginning of the 21st century, there is a wider awareness that the civil engineering industry has become a global industry. The rapid increase in foreign ownership of firms in the United States along with the globalization of economic markets is reminding professionals that they must be aware of global events before they impact local operating conditions. In response to these developments, university programs must begin to broaden their focus to include subjects that address new economy realities. Specifically, the time to begin exposing students to management topics such as entrepreneurship, financial management, and global economics has arrived. If the civil engineering industry is going to evolve into a new economy business, it will require individuals who are as comfortable with the financial and technological components of the business as they are with design or construction fundamentals.
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Paul Chinowsky (2002) studied this question.
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