Essay - Compare and Contrast the Construction and Telecommunications Sectors in the...

Compare and Contrast the Construction ***** Telecommunications sectors in the United States

I. Construction Business in USA:

a) Market Structure:

An extremely high competitive construction *****dustry is a strong propeller for the US economy, giving power and stability to ***** GDP of the nation. A robust construction industry, promotes the *****, improves ***** quality ***** life for the citizens of America, and is an important constituent for security ***** the nation. The construction industry supports military operations in a direct manner ***** preparedness and builds infrastructure for ***** nation's economy. ***** remains a significant part of the nation's economic driver, with finished work valued at more then $800 billion annually in the past three years. ***** private residential construction accounts for 55%, public construction for 25.6% ***** private non-residential ***** for 19.4% and ***** facility construction's share representing a very low share ***** the total with just ***** than $7 billion. (Construction: A Report on ***** Industry)

***** US construction ***** comprises of two extremely varied size classes comprising numerous small companies and comparatively few big companies. Bulk of the 6, 58,448 ***** companies has less than 50 employees, whereas only *****5 companies have over 1,000 employees. Generally, small companies work on small-scale projects, whereas ***** bigger *****es compete for the more complex and high investment *****. With the trend of mergers and acquisitions going on, the US c*****struction will comprise of fewer big companies. The six largest companies in the U.S., Bechtel, Fluor, Centex, Turner Corporation, Skansha and Kellog Brown & Root ***** $42 billion ***** net revenue. This shows a consider*****ble increase compared to last year's revenue of $35 ***** among the top six U.S. companies. (*****: A ***** on the Industry)

***** ***** is one ***** the important construction markets in ***** world providing employment to 7.2 million Americans and responsible for contributing to nearly 7% of the GDP. But, roughly, 80% ***** the global ***** activity is outside the US. Enterprising US construction and engineering companies have been successful competitors in the global contracting business, even though majority of *****ir construction in other nations is completed by foreign affiliates ***** employing local labor instead of cross-border exports of U.S. services. The huge budding nations ***** the Pacific Rim consist of ***** most pr*****itable construction markets in the international arena. Nevertheless, South America and Europe are included under large markets for ***** contractors, and U.S. exporters possess a NAFTA edge in Canada and Mexico. (Trends ***** ***** Construction)

Even though considerable problems account ***** U.S. firms entering foreign markets, U.S. ***** have augmented their endeavors during the 1990s. ***** exports of construction *****, as calculated on a ***** transaction basis, stood at nearly $2.6 billion. Nearly $25 billion consisted ***** ***** actual value of contracts won by *****n-managed companies. The difference is mainly due to cross-border transactions does not include bulk of the construction done by foreign affiliates, foreign sub*****, and foreign labor forces. ***** imports of construction services constituted ***** $0.3 billion, giving the US a