Trade Barriers Stymie Global Demand for Capital Goods

Illia, Tony; Hampton, Tudor; Tuchman, Janice L.
March 2005
ENR: Engineering News-Record;3/28/2005, Vol. 254 Issue 12, p12
Trade Publication
The article informs that global trade issues are hindering developing nations, stuck with antiquated construction machinery, from sharing modern technology available elsewhere in the world. A delegation from Mexico actively solicited private investment dollars March 14-19, 2005 at the Las Vegas Convention Center, calling the country a "virgin market." Construction employs 12.1 percent of the country, or 3.8 million people, while creating another 1.5 million indirect jobs, according to Camara Mexicana de la Industria del Construccion (CMIC), Mexico's Construction Chamber of Commerce. But nearly the government, a figure that officials are eager to change, finances 67 percent of Mexico's building activity. China's top manufacturers showed off equipment for global export, while the George W. Bush administration's "manufacturing czar," Albert A. Frink, promised a crackdown on China's intellectual-property violators.


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