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Arditi, D and Gutierrez, A E (1991) Performance of US contractors in foreign markets. Construction Management and Economics, 9(05), 431-49.
- Type: Journal Article
- Keywords: company performance; international competition; international construction
- ISBN/ISSN: 0144-6193
- URL: https://doi.org/10.1080/01446199100000033
The international construction market has shrunk considerably in the period 1980-88. US contractors’ performance in this period has been less than satisfactory. This paper first discusses briefly the principal causes for this decline in international construction (the reduction in oil prices, an increase in Third World countries’ external debts, local companies becoming more competitive and governments’ barriers to foreign contractors). It then uses published statistical data to identify the common features of US construction companies that undertake work overseas. Finally, it attempts to explain the factors such as financing, taxing, the Foreign Corrupt Practices Act, and foreign competition that may have affected US competitiveness abroad.