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As we enter the 21st century it is clear that the economic growth China has enjoyed has been extraordinary. Although Western countries continue to dominate the world economy and financial markets, the capital markets of Hong Kong, Singapore, Shanghai, and Shenzen have matured considerably and are eager to become major global players.As business own
As we enter the 21st century it is clear that the economic growth China has enjoyed has been extraordinary. Although Western countries continue to dominate the world economy and financial markets, the capital markets of Hong Kong, Singapore, Shanghai, and Shenzen have matured considerably and are eager to become major global players. As business owners in the rest of East Asia are predominantly of Chinese descent, or under Chinese cultural influence, the economic vitality of the rest of the region has been credited to the adaptability, flexibility and ingenuity of Chinese entrepreneurship nurtured by a particular (Confician) heritage. In Chinese Entrepreneurship in a Global Era Raymond Wong and contributors analyse the tremendous changes in the global, regional and local environments in which Chinese entrepreneurs operate and explores whether a new breed of Chinese entrepreneurs has developed in response to these changes. Including theoretical discussion and empirical case studies on Chinese entrepreneuship in Hong Kong, China, Singapore, Thailand and Vietnam, the book will be an invaluable resource to students and scholars of Chinese and East Asian business and entrepreneurship.
Presents a story of two Chinas – an entrepreneurial rural China and a state-controlled urban China. In the 1980s, rural China gained the upper hand. In the 1990s, urban China triumphed. In the 1990s, the Chinese state reversed many of its rural experiments, with long-lasting damage to the economy and society. A weak financial sector, income disparity, rising illiteracy, productivity slowdowns, and reduced personal income growth are the product of the capitalism with Chinese characteristics of the 1990s and beyond. While GDP grew quickly in both decades, the welfare implications of growth differed substantially. The book uses the emerging Indian miracle to debunk the widespread notion that democracy is automatically anti-growth. As the country marked its 30th anniversary of reforms in 2008, China faces some of its toughest economic challenges and substantial vulnerabilities that require fundamental institutional reforms.
This powerful and meticulously researched study explores the role of rural industry and entrepreneurship in the Chinese economic miracle. Linda Grove considers especially the development of the Gaoyang industrial district, China's best-known rural industrial district of the pre–World War II period. By focusing on one weaving district in North China, she is able to explore in detail the ways in which small industrial firms have accumulated capital, organized their firms, developed nationwide marketing networks, and promoted brands over the last century. Cutting across the conventional divide between studies of "history" and "contemporary economy" and between pre- and post-1949 China, the author persuasively shows the links between traditional Chinese business practices and contemporary entrepreneurial success. The first book in English to explore the world of small-scale business firms in China, it introduces the activities of individual entrepreneurs and firms and examines the structure of industrial organization that has supported the rapid growth of individual firms. Based on several decades of archival research, surveys, and fieldwork, A Chinese Economic Revolution provides an in-depth exploration of Chinese rural industry. Framed by the author's extensive familiarity with rural industrial development in Japan, India, and Europe, the book also offers important comparative perspectives for those interested in global economic history, postsocialist economic performance, and economic development strategies.
This important reference title provides comprehensive, up-to-date coverage of elite entrepreneurs of new China and contains over 100 substantial profiles of top overseas returnees who have made noteworthy contributions to Chinese society in general and economic development in particular since the reform era began in 1978.
In Chinese and Indian Merchants in Modern Asia, the contributors put together an important and lucid study of overseas Chinese and Indian merchants and their impacts on the emerging global economy from the nineteenth to twentieth centuries. In contrast to the conventional focus on the merchants’ networks per se, the chapters of this volume uncover their “networking,” the process in which they constructed and utilized linkages based on the shared concepts such as caste, kin alliances, and religion. By analyzing the interactions between the merchants and the European and Japanese empires, along with Asian states, this volume provides the critical insights into the configuration of the regional economic order in the past and at present.
China and India are home to one-third of the world's population. And they're undergoing social and economic revolutions that are capturing the best minds--and money--of Western business. In Billions of Entrepreneurs, Tarun Khanna examines the entrepreneurial forces driving China's and India's trajectories of development. He shows where these trajectories overlap and complement one another--and where they diverge and compete. He also reveals how Western companies can participate in this development. Through intriguing comparisons, the author probes important differences between China and India in areas such as information and transparency, the roles of capital markets and talent, public and private property rights, social constraints on market forces, attitudes toward expatriates abroad and foreigners at home, entrepreneurial and corporate opportunities, and the importance of urban and rural communities. He explains how these differences will influence China's and India's future development, what the two countries can learn from each other, and how they will ultimately reshape business, politics, and society in the world around them. Engaging and incisive, this book is a critical resource for anyone working in China or India or planning to do business in these two countries.
This collection examines the historically and geographically specific form of economic organization of the overseas Chinese in Southeast Asia and how it has adapted to the different historical and socio-political contexts of Southeast Asian countries. Moving beyond cultural explanations and traits to focus on the process of evolution and dynamism of situated practices, it argues that Chinese Capitalism is rapidly becoming a form of ‘hybrid capitalism’ and embodies the interdependent of culturally and institutionally specific dynamics at local and regional level, evolving and adapting to different institutional contexts and politico-economic conditions in the host Asian economies. This text also explores the social organization and political economy of the so-called overseas Chinese by examining the changing dynamism of Chinese capitalism in relation to forces of globalization. Focusing on key actors, primarily Chinese entrepreneurs in their business practices, and situated practices as well as cultural, political, social and economic factors under globalizing conditions, it provides providing a broad understanding without fixating or homogenizing Chinese capitalism, contributing to the understanding of the contexts that give rise to the emergence and transformation of Chinese Capitalism in Southeast Asia.
The study of ethnic Chinese in Southeast Asia has a long tradition. What is most striking in these studies is just how difficult it is to generalise about this ethnic group in the region. Whether or not they have been able to identify as Chinese has to a certain extend depended on different processes of social and political engineering, which in turn make them more or less distinct as an ethnic group. In the case of Malaysia, national political schemes such as the affirmative action policy indirectly force the Malaysian ethnic Chinese to conceive of themselves as a coherent collective, and yet, when asked Chinese entrepreneurs in the maintain that despite the affirmative action policy ethnicity is not the a defining deciding factor when it comes to identifying business partners. This book focuses on the consequences of these kinds of policies in the field of inter-ethnic business practices and entrepreneurship in Malaysia within the wider context of the relationship between local, national and global markets. It focuses on the complexities of inter-ethnic relations and in particular, the strong economic position of the ethnic Chinese and their impact on the Malaysian economic scene as well as on the wider Southeast Asian region, underlining the degree to which inter-ethnic relations in Southeast Asia are crucial to understanding the political and economic complexitiescharacteristic of characterizing the region. In turn, it takes small and medium-sized enterprises as case studies, and shows how they are being shaped and in return shape the society in which they constitute a part. In doing so, the book highlights how these companies not only relate to the domestic economy, but also cater to the global economy, and presents a compelling argument for the introduction of a glocalised perspective in international business studies. Ethnic Chinese Entrepreneurship in Malaysia will be welcomed by students and scholars with an interest in Asian studies, political economy, international business studies, inter-ethnic relations and diaspora studies.
The emergence of China as a major world economy is of great importance to the global political economy and to international business. There has been much research on the macro level of institutional reform but little detailed work on the grassroots level of entrepreneurship in China. This innovative book addresses this gap by investigating how an economic system dominated by central plans, communist ideologies and suppressing bureaucracies could generate such energy from the bottom of society, fuelling the country's economic growth. Keming Yang’s theory of entrepreneurship is based on two interrelated concepts: double entrepreneurship and institutional holes. He argues that the two concepts bridge a gap between the neo-classical institutionalism of economic development and entrepreneurship studies that emphasize individual choice. The rigorous theoretical framework is supported by substantial empirical research, offering statistical analyses of survey data as well as detailed case studies. This timely book will appeal to an interdisciplinary readership in sociology, economics, business studies and Chinese and Asian Studies.