The Japanese Construction Industry and Its Restructuring(<Special Issue>Spatial Reorganization of the Japanese Economy In the 1990s)

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  • わが国の建設業とその再編成(<英文特集>1990年代における日本の経済的地域構造の変貌)
  • The Japanese Construction Industry and Its Restructuring
  • Japanese Construction Industry and Its Restructuring

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Abstract

This paper follows the changing construction industry from geographical perspective chronologically after the 1980s, and surveys the future of this industry, focusing on the civil engineering industry and public construction investment. In the early 1980s, Japanese construction industry was anticipated to face its restructuring and the national government also set the industrial vision for promoting the restructuring. However, the coming of the Bubble Economy during the mid- and late 1980s changed the situation completely. After the collapse of the Bubble Economy, Japanese construction companies began to face industrial restructuring not only as a result of economic recession and a public construction expenditure decrease, but also because of institutional reforms and rapid permeation of information technology. The previous restructuring of construction industry could be seen as "delayed" by the Bubble Economy. Japanese construction industry is now in transition from a specific industry, characterized by specific customs, strong regulation and political protection, to a standard industry through deregulation and open competition in tendering and subcontracting.

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