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.
No takes yet. Share an insight, caveat, or question.
Willie Tan (2002) studied this question.
Synapse has enriched one closely related paper. Consider it for comparative context: