Skill competency development strategies by a contractor

Construction skills are one of the vital aspects of construction work which is growing in importance due to skill gaps and skill shortages during different economic cycles. The aim of this study was to investigate competence development strategies by a traditional construction company within its own pool of skill resources and among its supply chain members. The study was carried out via literature review, empirical studies involving a focus study, analysis of documentary evidence supported by unstructured interviews and a report of skill development/supply chain conference. The study demonstrates how long-term skill development can be achieved through: (a) strategic capacity planning which allows high retention, continuous training, and balanced construction demand and contractor’s supply capacity over the long term; (b) updating and upgrading the knowledge base of the supply chain through conferences and training schemes; (c) strategic investment in the workforce through training, vocational and higher degrees; and (d) acquaintance with different sources of finance. This study will assist small traditional firms in building competencies in skill development and improvement. It will assist an international audience who may face similar issue with their construction firm

A global corporate census: publicly traded and close companies in 1910

In 1910 the world had almost half a million corporations, only one-hundredth of today's total. About one-fifth—with over half of corporate capital—were publicly tradable, higher portions than today. Most publicly quoted corporations traded in Europe and the British Empire, but most close (private) corporations operated in the US, which, until the 1940s, had more corporations per capita than anywhere else. The 83 countries surveyed here differed markedly in company numbers, corporate capital/GDP ratios, and average corporate size. Enclave economies—dominated by quoted (and often foreign-owned) companies—had the largest average sizes, while other nations had more varied mixes of large quoted corporations and close company small and medium enterprises

Trade Balance: Numbers Can be Deceiving

Trade disputes have become more prevalent and acute in recent years. Almost all center on bilateral trade balance and/or market access of certain merchandise or services. However, since at least the mid 1980s, affiliate sales have become a more direct and more powerful form of market access than the traditional cross-border commercial transactions for developed countries, whereas developing countries still rely predominantly on traditional trade. The importance of the international production supply chain is increasing with a bias against downstream producers. The current data collection and compilation system of trade balance can not reflect these changes in the world economic environment. It overstates exports of developing countries and understates their imports. None of the countries in the world can illustrate the weakness of the conventional system better than China. Copyright 2006 Institute of World Economics and Politics, Chinese Academy of Social Sciences.