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Books > Business & Economics > Economics > Political economy

An Economic Theory of Managerial Firms - Strategic Delegation in Oligopoly (Hardcover): Luca Lambertini An Economic Theory of Managerial Firms - Strategic Delegation in Oligopoly (Hardcover)
Luca Lambertini
R3,920 Discovery Miles 39 200 Ships in 12 - 17 working days

The separation between ownership and control has become common practice over the last century, in most medium and large firms across the world. Throughout the twentieth century, the theory of the firm and the theory of industrial organization developed parallel and complementary views on managerial firms. This book offers a comprehensive exposition of this debate. In its survey of strategic delegation in oligopoly games, An Economic Theory of Managerial Firms is able to offer a reinterpretation of a range of standard results in the light of the fact that the control of firms is generally not in the hand of its owners. The theoretical models are supported by a wealth of real-world examples, in order to provide a study of strategic delegation that is far more in-depth than has previously been found in the literature on industrial organization. In this volume, analysis is extended in several directions to cover applications concerning the role of: managerial firms in mixed market; collusion and mergers; divisionalization and vertical relations; technical progress; product differentiation; international trade; environmental issues; and the intertemporal growth of firms. This book is of great interest to those who study industrial economics, organizational studies and industrial studies.

Migration Between Nations - A Global Introduction (Paperback): Mark Abrahamson Migration Between Nations - A Global Introduction (Paperback)
Mark Abrahamson
R1,065 Discovery Miles 10 650 Ships in 9 - 15 working days

From refugees fleeing wars or natural disasters to economic migrants pursuing better paid jobs abroad, international migration is an inescapable part of the modern world. Migration Between Nations: A Global Introduction provides a succinct and accessible overview of the varied types of migrants who cross national boundaries. Drawing upon a wide-ranging selection of case studies and the latest research findings, migration patterns and recent trends throughout the world are surveyed and summarized, with particular attention to movement from the global south to the global north. In a highly inter-disciplinary analysis, the social, cultural and economic integration of migrants and of their offspring in their new homelands are also explored. Employing approaches from a number of disciplines, the methods and techniques that researchers use to study various aspects of migration and integration are also explained. Migration Between Nations: A Global Introduction will be essential reading for students in a wide range of disciplines in the humanities and social sciences, including sociology, anthropology, ethnic studies, geography, global studies, history, and political science.

Climate Crisis Economics (Paperback): Stuart P. M. Mackintosh Climate Crisis Economics (Paperback)
Stuart P. M. Mackintosh
R1,138 Discovery Miles 11 380 Ships in 9 - 15 working days

Addresses a gap in the market between policy and academia. Broad readership given the focus on climate change action, a hugely topical area. Interdisciplinary approach - politics, IPE, international economics, and environmental economics. Written in an accessible voice/style.

A Thousand Small Sanities - The Moral Adventure of Liberalism (Paperback): Adam Gopnik A Thousand Small Sanities - The Moral Adventure of Liberalism (Paperback)
Adam Gopnik
R443 R367 Discovery Miles 3 670 Save R76 (17%) Ships in 10 - 15 working days
Good Economics for Hard Times (Paperback): Abhijit V Banerjee, Esther Duflo Good Economics for Hard Times (Paperback)
Abhijit V Banerjee, Esther Duflo
R534 R410 Discovery Miles 4 100 Save R124 (23%) Ships in 10 - 15 working days
What Capitalism Needs - Forgotten Lessons of Great Economists (Hardcover): John L. Campbell, John A. Hall What Capitalism Needs - Forgotten Lessons of Great Economists (Hardcover)
John L. Campbell, John A. Hall
R680 R571 Discovery Miles 5 710 Save R109 (16%) Ships in 10 - 15 working days

From unemployment to Brexit to climate change, capitalism is in trouble and ill-prepared to cope with the challenges of the coming decades. How did we get here? While contemporary economists and policymakers tend to ignore the political and social dimensions of capitalism, some of the great economists of the past - Adam Smith, Friedrich List, John Maynard Keynes, Joseph Schumpeter, Karl Polanyi and Albert Hirschman - did not make the same mistake. Leveraging their insights, sociologists John L. Campbell and John A. Hall trace the historical development of capitalism as a social, political, and economic system throughout the twentieth and early twenty-first centuries. They draw comparisons across eras and around the globe to show that there is no inevitable logic of capitalism. Rather, capitalism's performance depends on the strength of nation-states, the social cohesion of capitalist societies, and the stability of the international system - three things that are in short supply today.

Routledge Library Editions: Modern World Economy (Hardcover): Various Routledge Library Editions: Modern World Economy (Hardcover)
Various
R16,589 Discovery Miles 165 890 Ships in 12 - 17 working days

Reissuing works originally published between 1938 and 1998, this fascinating collection of books on global economics is a superb resource in international politics, finance and industry as well as economic thought and history. Some works look at individual industries or parts of the world while others present a wide view of international policies.

Social and Economic Transformation in East Central Europe - Institutions, Property Relations and Social Interests (Hardcover):... Social and Economic Transformation in East Central Europe - Institutions, Property Relations and Social Interests (Hardcover)
Terry Cox, Bob Mason
R3,062 Discovery Miles 30 620 Ships in 12 - 17 working days

This book focuses not only on economic and political transformation since the demise of communism in Eastern and Central Europe, but also on the relationships between economic organization, social patterns and institutional change. The changes in political structure and policies of economic reform have in turn resulted in changes in social institutions and patterns of social relations. The authors look at social relations under the old regimes to understand the current social transformation. They consider economic restructuring both in the context of social change and in terms of its consequences for society, using case studies from the Czech Republic, Hungary and Poland. The impact of economic changes on new forms of institutional arrangements, social patterns and organization are also discussed taking into account privatization, employment, social welfare, property and industrial relations. This new book will be welcomed by economists, political scientists and sociologists working in the area of transition.

The Creation of Wealth and Poverty - Means and Ways (Hardcover): Hassan Bougrine The Creation of Wealth and Poverty - Means and Ways (Hardcover)
Hassan Bougrine
R3,909 Discovery Miles 39 090 Ships in 12 - 17 working days

The Creation of Wealth and Poverty is a study of the means and ways by which wealth and poverty are created in both developed and developing countries. It puts a particular emphasis on the role played by economic policy in shaping the stratification of modern societies through specific programmes dealing with issues of job creation, poverty and environmental degradation. This book is concerned with the social effects of the ongoing crisis in finance, development and the environment. By focusing on the political, legal and financial institutions that govern society and the economy, the book provides an analysis of wealth and poverty from a historical perspective. It shows how economic and social policies of the neoliberal model have led to a rise in unemployment, poverty and inequality and, therefore, made societies more polarized. This volume will be of great interest to policymakers, academics and students who study political economy, development economics and macroeconomics.

Jean-Baptiste Say and Political Economy (Hardcover): Jean-Baptiste Say Jean-Baptiste Say and Political Economy (Hardcover)
Jean-Baptiste Say; Edited by Gilles Jacoud
R4,366 Discovery Miles 43 660 Ships in 12 - 17 working days

Jean-Baptiste Say (1767-1832) was one of the first great economists to have laid down the foundations of economic science. Author of the famous Treatise on Political Economy in 1803, which was revised and re-edited on several occasions, he published numerous other works including a voluminous Complete Course in Practical Political Economy in 1828-9. He also taught political economy successively from 1815 until his death in three Parisian establishments: the Athenee, the Conservatory of Arts and Trades, and the College de France. The texts in which Say exposes his approach to political economy have not been available in the English language until now except for the fourth edition of the 'Preliminary Discourse' which serves as an introduction to the Treatise. This book presents a translation which renders his works accessible to the English speaking world. For the first time, English readers will be able to become directly immersed in Say's principal texts, where he develops his conception of political economy. Jean-Baptiste Say and Political Economy proposes a translation of a selection of eleven of Say's texts. The first three are versions of the 'Preliminary Discourse' from the Treatise's editions of 1803, 1814 and 1826 with the variations of the editions of 1817, 1819 and 1841. The following four texts are the opening discourses pronounced at the Conservatory in 1820 and 1828 and the College de France in 1831 and 1832. The eighth text is the 'General Considerations' which open the Complete Course in Practical Political Economy of 1828, with the variations of the 1840 re-edition. The final three texts are those Say devotes to 'the progress of political economy' in what is akin to a history of economic thought. This volume is of great importance to economic historians and people studying Jean-Baptiste Say, as well as those who are interested in economic theory and philosophy and political economy.

Non-Proliferation Export Controls - Origins, Challenges, and Proposals for Strengthening (Paperback): Daniel Joyner Non-Proliferation Export Controls - Origins, Challenges, and Proposals for Strengthening (Paperback)
Daniel Joyner
R1,534 Discovery Miles 15 340 Ships in 12 - 17 working days

This volume provides a comprehensive and interdisciplinary examination of the Multilateral Non-Proliferation Export Control system and the national and international context within which it functions. Key features: "

The Political Economy of Special Economic Zones - Concentrating Economic Development (Hardcover): Lotta Moberg The Political Economy of Special Economic Zones - Concentrating Economic Development (Hardcover)
Lotta Moberg
R4,199 Discovery Miles 41 990 Ships in 12 - 17 working days

Special Economic Zones (SEZs) have become a popular development policy throughout the world over the last half a century. These zones form designated areas where governments offer businesses lower taxes, tariffs, and often lighter regulations. Generally, SEZs aim to attract investments and raise a country's export and employment rates, but although success stories are often cited, there are numerous failed projects that have instead become burdens for their host countries. This book examines SEZs from a political economy perspective, both to dissect the incentives of governments, zone developers, and exporters, and to uncover both the hidden costs and untapped potential of zone policies. Costs include misallocated resources, the encouragement of rent-seeking, and distraction of policy-makers from more effective reforms. However, the zones also have several unappreciated benefits. They can change the politics of a country, by generating a transition from a system of rent-seeking to one of liberalized open markets. In revealing the hidden promise of SEZs, this book shows how the SEZ model of development can succeed in the future. Applying frameworks from various schools of political economy, this volume places SEZs in the context of their mixed past and promising future. It is essential reading for anyone with an interest in international economics, development economics, and political economy, including practitioners and consultants of SEZ policies.

BIMSTEC - Mapping Sub-Regionalism in Asia (Hardcover): Adluri Subramanyam Raju, Anasua Basu Ray Chaudhury BIMSTEC - Mapping Sub-Regionalism in Asia (Hardcover)
Adluri Subramanyam Raju, Anasua Basu Ray Chaudhury
R3,842 Discovery Miles 38 420 Ships in 9 - 15 working days

This volume is a comprehensive study of the challenges and opportunities facing the BIMSTEC, The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation. BIMSTEC was established to promote economic cooperation among rising economic powers in South and Southeast Asia, but after years of stagnation the need for renewed regional commitment is starker than ever. The book studies the BIMSTEC's present status and highlights the ways in which the organisation can be rejuvenated to forge a stronger Bay of Bengal community. It looks at key themes such as the challenges to regional integration, India's "Look East" and Thailand's "Look West" policies, transport connectivity and tourism within the BIMSTEC and the aspirations of various member countries. It also examines BIMSTEC's approach towards climate change, disaster management and rehabilitation. A timely contribution, this volume will be useful for scholars and researchers of international relations, South Asian studies, foreign policy, diplomacy, Southeast Asian studies, defence and strategic affairs, maritime studies, international trade, regional cooperation and political studies.

International Public Administrations in Global Public Policy - Sources and Effects of Bureaucratic Influence (Paperback):... International Public Administrations in Global Public Policy - Sources and Effects of Bureaucratic Influence (Paperback)
Christoph Knill, Yves Steinebach
R1,135 Discovery Miles 11 350 Ships in 9 - 15 working days

This book examines the rise and agency of International Organizations (IOs) and their bureaucratic bodies- the International Public Administrations (IPAs)- as a reflection of an ongoing transfer of political authority and power from the domestic to the international level. It shows that IPAs represent actors per se, with autonomy and resources that allow them to exert an independent influence on global policy-making processes and outputs. Providing a combination of novel conceptual lenses and research design to capture IPAs as an empirical phenomenon, the book takes an open, theoretically and methodologically diverse approach to show that IPAs are far from being negligible actors in global public policy and must be taken seriously as actors in policy-making beyond the nation-state. This book will be of key interest to students, scholars, and practitioners in Public Policy and Public Administration, International Relations, International Political Economy, as well as Organizational Studies.

The New China Playbook - Beyond Socialism And Capitalism (Hardcover): Keyu Jin The New China Playbook - Beyond Socialism And Capitalism (Hardcover)
Keyu Jin
R775 R476 Discovery Miles 4 760 Save R299 (39%) Ships in 12 - 17 working days

A myth-dispelling, comprehensive guide to the Chinese economy and its path to ascendancy.

China's economy has been booming for decades now. A formidable and emerging power on the world stage, the China that most Americans picture is only a rough sketch, based on American news coverage, policy, and ways of understanding.

Enter Keyu Jin: a world-renowned economist who was born in China, educated in the U.S., and is now a tenured professor at the London School of Economics. A person fluent in both Eastern and Western cultures, and a voice of the new generation of Chinese who represent a radical break from the past, Jin is uniquely poised to explain how China became the most successful economic story of our time, as it has shifted from primarily state-owned enterprise to an economy that is thriving in entrepreneurship, and participation in the global economy.

China’s economic realm is colorful and lively, filled with paradoxes and conundrums, and Jin believes that by understanding the Chinese model, the people, the culture and history in its true perspective, one can reconcile what may appear to be contradictions to the Western eye.

What follows is an illuminating account of a burgeoning world power, its past, and its potential future.

Magnificent and beggar land - Angola since the Civil war (Paperback): Ricardo Soares De Oliveira Magnificent and beggar land - Angola since the Civil war (Paperback)
Ricardo Soares De Oliveira
R280 R219 Discovery Miles 2 190 Save R61 (22%) Ships in 5 - 10 working days

This is a powerful account of fast-changing dynamics in Angola, an important African state that is a key exporter of oil and diamonds. Based on three years of research and extensive first-hand knowledge of Angola, it documents the rise of a major economy and its insertion in the international system since it emerged in 2002 from one of Africa's longest and deadliest civil wars. The government, backed by a strategic alliance with China and working hand in glove with hundreds of thousands of expatriates, many from the former colonial power, Portugal, has pursued and ambitious agenda of state-led national reconstruction. This has resulted in double-digit growth in sub-Sahara's third largest economy and a state budget in excess of total Western aid to the entire continent. Scarred by a history of slave trading, colonial plunder and war, Angolans now aspire to the building of a decent society. How has the regime, led by President Jose Eduardo dos Santos since 1979, dealt with these challenges, and can it deliver on popular expectations? Soares de Oliveira's book charts the remarkable course the country has taken in recent years.

Governing Insecurity in Japan - The Domestic Discourse and Policy Response (Paperback): Wilhelm Vosse, Reinhard Drifte, Verena... Governing Insecurity in Japan - The Domestic Discourse and Policy Response (Paperback)
Wilhelm Vosse, Reinhard Drifte, Verena Blechinger-Talcott
R1,350 Discovery Miles 13 500 Ships in 12 - 17 working days

Since the end of the Cold War, Japan's security environment has changed significantly. While, on the global level, the United States is still Japan's most important security partner, the nature of the partnership has changed as a result of shifting demands from the United States, new international challenges such as the North Korean nuclear programme and the rapid rise of China. At the same time, Japan has been confronted with new, 'non-traditional' security threats such as international terrorism, the spread of infectious diseases, and global environmental problems. On the domestic level, demographic change, labour migration, economic decline, workplace insecurity, and a weakening impact of policy initiatives challenge the sustainability of the lifestyle of many Japanese and have led to a heightened sense of insecurity among the Japanese public. This book focuses on the domestic discourse on insecurity in Japan and goes beyond military security. The chapters cover issues such as Japan's growing perception of regional and global insecurity; the changing role of military forces; the perceived risk of Chinese foreign investment; societal, cultural and labour insecurity and how it is affected by demographic changes and migration; as well as food insecurity and its challenges to health and public policy. Each chapter asks how the Japanese public perceives these insecurities; how these perceptions influence the public discourse, the main stakeholders of this discourse, and how this affects state-society relations and government policies. Governing Insecurity in Japan provides new insights into Japanese and international discourses on security and insecurity, and the ways in which security is conceptualized in Japan. As such, it will be of interest to students and scholars working on Japanese politics, security studies and international relations.

The Politics of Capitalist Transformation - Brazilian Informatics Policy, Regime Change, and State Autonomy (Hardcover): Jeff... The Politics of Capitalist Transformation - Brazilian Informatics Policy, Regime Change, and State Autonomy (Hardcover)
Jeff Seward
R4,214 Discovery Miles 42 140 Ships in 12 - 17 working days

The Politics of Capitalist Transformation is the only book-length study of the highly protectionist Brazilian informatics policy from its origins in the early 1970s to the collapse of the market reserve in the early 1990s and its impact in subsequent decades. Jeff Seward provides a sophisticated political analysis of how state activists constructed high levels of state autonomy to try to shift Brazil to a new variety of capitalism by eclipsing the multinational companies (especially IBM) that dominated the Brazilian computer sector and replacing them with local companies with 100 percent Brazilian technology and ownership. This ambitious policy required repeated shifts of political strategy and policymaking institutions to respond to a constantly changing economic and political environment as Brazil made a dramatic transition from military dictatorship to democracy. The innovative framework to analyze state autonomy and the sophisticated political analysis of the policymaking process will be of interest to scholars and students of Brazilian and Latin American political economy, varieties of capitalism theory, state theory, democratic transition theory, and high technology policymaking in developing countries.

Markets without Limits - Moral Virtues and Commercial Interests (Paperback, 2nd edition): Peter Jaworski, Jason F Brennan Markets without Limits - Moral Virtues and Commercial Interests (Paperback, 2nd edition)
Peter Jaworski, Jason F Brennan
R1,147 Discovery Miles 11 470 Ships in 9 - 15 working days

May you sell your spare kidney? May gay men pay surrogates to bear them children? Should we allow betting markets on terrorist attacks and natural disasters? May spouses pay each other to do the dishes, watch the kids, or have sex? Should we allow the rich to genetically engineer gifted, beautiful children? May you ever sell your vote? Most people-and many philosophers-shudder at these questions. To put some goods and services for sale offends human dignity. If everything is commodified, then nothing is sacred. The market corrodes our character. In this expanded second edition of Markets without Limits, Jason Brennan and Peter M. Jaworski say it is now past time to give markets a fair hearing. The market does not, the authors claim, introduce wrongness where there was not any previously. Thus, the question of what rightfully may be bought and sold has a simple answer: if you may do it for free, you may do it for money. Contrary to the conservative consensus, Brennan and Jaworski claim there are no inherent limits to what can be bought and sold, but only restrictions on how we buy and sell. Key Updates and Revisions to the Second Edition: Includes revised introductory chapters to further clarify what's at stake in the commodification debate. Provides easier-to-follow chapters on semiotic objections, stronger analyses of these objections, and more evidence of these objections' widespread pervasiveness. Offers cogent responses to several recent papers that have raised counterexamples to the authors' thesis. Includes new empirical evidence on the ways markets sometimes crowd in virtue and altruism. Analyzes the topics of blackmail and "associative" objections to markets. Includes new material on issues surrounding exploitation and coercion, selling citizenship, residency rights, and arguments about "dignity" as objections to markets.

Connecting Practices - Large Topics in Society and Social Theory (Paperback): Elizabeth Shove Connecting Practices - Large Topics in Society and Social Theory (Paperback)
Elizabeth Shove
R1,117 Discovery Miles 11 170 Ships in 9 - 15 working days

Connecting Practices develops a distinctive method of conceptualising significant trends and global issues including environmental sustainability and inequalities in wealth and health, arguing that these are outcomes of the ways in which social practices interact and combine across space and time. Engaging with the question of how connections are made between practices and how past and present combinations make some futures more likely than others, this book brings practice theory to bear on large problems in society. Richly illustrated with examples from the spreading of germs to the history of shipping containers, this powerful analysis of how societies hang together and how they change will appeal to scholars and students of sociology and social theory.

How Rich Should the 1% Be? - Proportional Justice and Economic Inequality (Paperback): Nunzio Ali How Rich Should the 1% Be? - Proportional Justice and Economic Inequality (Paperback)
Nunzio Ali
R1,096 Discovery Miles 10 960 Ships in 9 - 15 working days

Nunzio Ali's Proportional Justice and Economic Inequality - Explores how social justice correlates with economic inequality to favour the best-off and advocates for a system of proportional justice. - discusses the primary rules of society and material domination in contemporary politics; how money influences politics and what are the remedies for this phenomenon; the space of 'merit' in a liberal democracy; social justice faces the questions of power, poverty, efficiency, individual merit, and economic liberties; and most importantly, how to determine income and wealth limit ratios in a liberal democracy. - will be of great interest to students and researchers of political theory, political philosophy, economics and development, economics theory and philosophy, and social policy.

The Political Economy of Population Ageing (Hardcover, illustrated edition): William A. Jackson The Political Economy of Population Ageing (Hardcover, illustrated edition)
William A. Jackson
R3,066 Discovery Miles 30 660 Ships in 12 - 17 working days

Population ageing has been the subject of much discussion in recent years, often expressed in alarmist language that advocates evasive policy action to avert an imminent demographic crisis. This forward-looking book evaluates the debates surrounding population ageing and offers a more optimistic outlook on its effect on the economy.William Jackson initially considers general theoretical approaches to population ageing, particularly in relation to the rising dependency burden. He then goes on to examine traditional topics such as employment, productivity, pensions and social security, along with less traditional topics such as informal care, within the context of long-run structural changes. The author draws on an extensive range of economic literature and considers neoclassical arguments before analysing the issue from a non-neoclassical economic, social gerontological and sociological perspective. He maintains that conventional economic theory tends to overstate the effects of population ageing on the economy. Thus, he argues that while population ageing is a complex issue requiring some policy adjustments, it is a less acute problem than is suggested in popular and academic discussion. This book will be of great importance to scholars and students with an interest in population economics and the economics of social policy.

Restructuring Local Government Finance in Developing Countries - Lessons from South Africa (Hardcover): Roy Bahl, Paul Smoke Restructuring Local Government Finance in Developing Countries - Lessons from South Africa (Hardcover)
Roy Bahl, Paul Smoke
R3,649 Discovery Miles 36 490 Ships in 12 - 17 working days

Examining cutting-edge issues of international relevance in the ongoing redesign of the South African local government fiscal system, the contributors to this volume analyze the major changes that have taken place since the demise of apartheid. The 1996 Constitution and subsequent legislation dramatically redefined the public sector, mandating the development of democratic local governments empowered to provide a wide variety of key public services. However, the definition and implementation of new local functions and the supporting democratic decision-making and managerial capabilities are emerging more slowly than expected. Some difficult choices and challenges commonly faced by developing countries must be dealt with before the system can evolve to more effectively meet the substantial role envisioned for local governments. The contributors outline these choices and challenges, consider options for meeting them, and review the implications of different decisions. Their analyses also highlight the interrelationships among the elements of the local fiscal structure, and emphasize the often-ignored challenge of how to define an appropriate fiscal decentralization implementation strategy in an environment where local governments are extremely diverse in terms of needs, resources and capacities. Though the research, much of it based on newly collected data, is specific to South Africa, the approach provides a model for other countries facing similar fiscal decentralization policy challenges. Applied public finance and policy academics, policymakers in developing countries, researchers and program managers in international development organizations, and students interested in local government finance in developing countries will find this timely and comprehensive volume a valuable addition to their libraries.

Still a Western World? Continuity and Change in Global Order - Continuity and change in global order (Hardcover): Sergio... Still a Western World? Continuity and Change in Global Order - Continuity and change in global order (Hardcover)
Sergio Fabbrini, Raffaele Marchetti
R4,220 Discovery Miles 42 200 Ships in 12 - 17 working days

Today, the debate on world order is intense. As is always the case in times of transition, the global restructuring of international affairs is generating a deep reflection on how the world is, and how it should be reorganized. After the long frozen period of the cold war and the subsequent years marked by US unipolarism, the world has begun the new millennium with profound shifts. The relative decline of the USA, the crisis in the European Union, the consolidation of the BRIC emerging economies, and the diffusion of the power to non-state actors all constitute significant elements that demand a new conceptualization of the rules of the global game. In this pluralist and changing context, a number of different narratives are presented by the key actors in the international system. This book analyses these narratives in comparative terms by putting them in the wider framework of the transformation in global governance.

The Political Economy of Banking Governance in China (Hardcover): Xuming Yang The Political Economy of Banking Governance in China (Hardcover)
Xuming Yang
R4,070 Discovery Miles 40 700 Ships in 12 - 17 working days

Chinese state banks, which were considered technically insolvent in the 1990s, are at present among the largest and most important banks in the world. This book, based on the author's research and also on his extensive experience of working in Chinese banks, explores how Chinese banks' technical efficiency and organisational flexibility have been achieved whilst ownership and control by the Chinese Communist Party have continued. The author reveals a distinctly non-Western approach to corporate governance, but one that has nevertheless worked very well.

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