Effects of Globalisation on the Construction Industry

2623 Words11 Pages
BRIEF CONTENTS |S. No |Topic |Page | | | | | | | | | | | | | |1 |Introduction |2 – 3 | | |…show more content…
Technical/legal development of a global telecommunications infrastructure and greater transborder data flow, using such technologies as the Internet, communication satellites, submarine fiber optic cable, and wireless telephones.Increase in the number of standards applied globally; e.g. copyright laws and patents. Globalization in the era since World War II has been driven by advances in technology which have reduced the costs of trade, and trade negotiation rounds, originally under the auspices of GATT, which led to a series of agreements to remove restrictions on free trade. The Uruguay round led to a treaty to create the World Trade Organization (WTO), to mediate trade disputes. Other bi- and trilateral trade agreements, including sections of Europe's Maastricht Treaty and the North American Free Trade Agreement (NAFTA) have also been signed in pursuit of the goal of reducing tariffs and barriers to trade. The Global scenario group, an environmental research and forecasting organization, views globalization as part of the shift to a Planetary Phase of Civilization, characterized by global social organizations, economies, and communications. The GSG maintains that the future character of this global society is uncertain and
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