Does globalization benefit developed or developing country? - Case studies on Chinese and Australian construction industry

Globalization has penetrated deeply into all areas of the world. The researches on this topic have been never stopped in recent years. The debate on globalization's benefits and concerns for develop and developing countries is still intense in recent years. This paper adopts Chinese and Australian construction industry as case studies to explore the answer for that debate. The International Advanced Index is used for the measurement of a certain country's construction industry's performance and position in the international market. The key findings are: both the developing and developed countries could be benefits from the process of globalization. However, because the advantages such as technology, education, finance and management, the growth rapid of developed country is much higher than developing country. It could lead to extend the gap between them.