China’s International Engineering Risks in the Post-pandemic Age Based on Network Theory

Lijia Shao (), Zhaoqian Liao () and Lin Yang ()
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Lijia Shao: Wuhan University
Zhaoqian Liao: Wuhan University
Lin Yang: Wuhan University

A chapter in Proceedings of the 27th International Symposium on Advancement of Construction Management and Real Estate, 2023, pp 1248-1261 from Springer

Abstract: Abstract Since the outbreak of the COVID-19 epidemic, the global economy has become increasingly sluggish, which has also affected the international engineering contracting market. With the normalization of the global epidemic, many China’s international engineering (CIE) contracting companies have been affected by the operation and basic work, and are facing various risks and crises. Therefore, the purpose of this study is to find out the critical risks and risk paths faced by CIE in the post-pandemic age. Through literature review and expert interviews, this study identified 20 risks. Then, the relationship between these 20 risks is determined by expert scoring. Using the network theory method to build a risk network, 9 key nodes are determined and divided into critical initial risks, critical transmission risks and critical endpoint risks. Finally, the risk transmission mechanism is obtained, and corresponding countermeasures are proposed for CIE contractors. This study is of great significance for the development of CIE in the post-pandemic age.

Keywords: Post-epidemic age; COVID-19; China’s international engineering; Complex network; Risk analysis (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnopch:978-981-99-3626-7_97

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DOI: 10.1007/978-981-99-3626-7_97

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