Abstract
Nowadays, sustainable construction (SC) is considered as a measure to support a healthy economy. The SC concept ensures quality of life and helps minimize the negative impact on the environment, human health, and biodiversity. SC fits into the modern sustainable development (SD) concept due to the ability to improve the environment, energy efficiency, and care for future generations. Despite numerous studies dedicated to the SC concept and implementation, practical matters related to SC including the importance of macroeconomic environmental sustainability are still insufficiently explored. The objective of this research is to study the practical issues of SC in the example of developing countries. Moreover, this work is aimed at determining the importance of the sustainable macroeconomic environment in ensuring SC. With the help of correlation and regression analysis effected for the purposes of the study, the direct connection and strong correlation between the GDP growth in the country and the number of large sustainable infrastructure facilities constructed and put into operation in the Russian Federation and China (correlation coefficient comprised 0.9987) were revealed. Within the current study, the experience of developing countries in SC is also discussed. It has been outlined that for emerging countries, the development of the construction industry environment within the framework of SC is possible in a sustainable business environment. The competitive advantages for SC are considered in social, economic, and environmental systems. Moreover, the models of formation and ensuring competitive advantages of the SC enterprise are presented. This paper reveals that the stability of the macroeconomic environment is a key factor in construction industry growth within the SC for developing countries.
Highlights
The concept of sustainability combines various spheres of life to achieve harmony between economic, social, and environmental aspects of human activity
The growth and development of the world have a large impact on our natural environment
The importance of the sustainable construction (SC) concept implementation is explained by the fact that the building industry generates 35% of the total greenhouse gas emissions and 33% of all waste
Summary
The concept of sustainability combines various spheres of life to achieve harmony between economic, social, and environmental aspects of human activity. The construction industry has different, specific features delineating this sector from all other sectors. One such feature is the widespread use of subcontracting, which makes achieving and maintaining sustainable development (SD) one of the main challenges for the construction industry [1]. The construction industry is responsible for 35% of total greenhouse gas emissions [2] and produces one-third of all waste [3]. This sector can become the most powerful driver of economic growth [4]. The construction industry makes an important contribution by developing new infrastructure and buildings, while in developed economies the construction industry is more focused on the provision of professional services, repair, and maintenance construction [5]
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