The Chinese Economy in the 21st Century

The Chinese Economy in the 21st Century : Enterprise and Business Behaviour

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China's long-term economic success is driven by new firms, new sectors and new business practices. This book explores the establishment of new private firms and listed companies, the development of knowledge industries, in particular the IT and banking sectors and the co-evolution of public governance and business institutions. The editors discuss the role of local institutions in coordinating business activities and unleashing entrepreneurship, arguing that the sudden growth of new firms and industries is facilitated by changes in business behaviour and institutions.Initial private exchange and investment in an environment of ill-functioning markets are shown to depend on local networks and local business culture which, in turn, rely on local tax regimes setting incentives for inherited bureaucracies to engage in economic transformation. Finally, the book establishes local institutions and local governance as crucial dimensions of China's emerging business system. Contributing to the theory of endogenous institutional change, "The Chinese Economy in the 21st Century" will be of great appeal to academics and students interested in management, comparative business systems, transition economics, evolutionary economics, Chinese studies and Asian more

Product details

  • Paperback | 264 pages
  • 154 x 230 x 18mm | 399.16g
  • Edward Elgar Publishing Ltd
  • Cheltenham, United Kingdom
  • English
  • 1848444583
  • 9781848444584
  • 1,153,769

Table of contents

Contents:Preface 1. Going Public Without the Public: Between Political Governance and Corporate GovernanceSonja Opper2. Institutional Change, Diversity and Competition: Foreign Banks in Shanghai, 1847-2004Jeroen Kuilman3. Foreign Firms in China: Success by Strategic ChoicesXueyuan Zhang and Patrick Reinmoeller4. The New Great Leap: The Rise of China's ICT IndustryMark Joannes Greeven5. Enterprise Ground Zero in ChinaBarbara Krug6. China's Emerging Tax Regime: Local Tax Farming and Central Tax Bureaucracy Ze Zhu and Barbara Krug7. Narratives of Change: Culture and Local Economic DevelopmentDavid S.G. Goodman8. Networks as Business NetworksHans Hendrischke9. Whom are we Dealing With? Shifting Organisational Forms in China's Business SectorBarbara Krug and Jeroen KuilmanIndexshow more

Review quote

'A creative and wide-ranging collection on enterprise and businessbehavior in today's China. Using sociological and historical as well as economic analysis, the individual chapters provide insights intodifferent aspects of China's transitional economy as it continues toundergo dynamic change. Recommended for academics and practitionersinterested in the forms and dynamics of Chinese business behavior.'- Frederick C. Teiwes, The University of Sydney, Australiashow more