American companies are increasingly spending billions of dollars to build new factories and new construction sites in Asia, according to a new report from the World Bank.
The report, titled “Why American Companies Spend so Much on Construction,” looks at how the U.S. and China have become the dominant global builders.
According to the report, American companies spent $6.2 trillion on construction in 2013, a whopping $6,868 per U.A.E. worker.
China spent $2.3 trillion, while India spent $1.8 trillion.
The U.K. was second at $1,098 per worker.
The authors of the report point out that the cost of construction in the U., the U and China is a staggering $1 trillion, a figure that dwarfs all other developed countries combined.
“There is little to no cost to the American public in building infrastructure,” the authors write.
“We know this because of our extensive experience in the construction industry.”
American companies have been spending billions to build the kind of factories and factories that they see in China and India, where the average wage is $20 an hour.
Construction companies like Sears and Walmart have seen significant expansion in recent years, while companies like Amazon have also grown rapidly.
The World Bank says that American companies in the manufacturing sector are now responsible for 80% of the global construction workforce.
China has been the largest foreign investor in the sector, with foreign direct investment accounting for $2 trillion in 2013.
That figure was up from $1 billion in 2013 and is expected to climb as China develops a new infrastructure plan.