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Chinese Firms, Global Firms - Industrial Policy in the Age of Globalization (Paperback, New)
Loot Price: R1,525
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Chinese Firms, Global Firms - Industrial Policy in the Age of Globalization (Paperback, New)
Series: Routledge Studies on the Chinese Economy
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China has achieved remarkable, sustained economic growth under the
policies of 'reform and opening up' put into place since the late
1970s. China's industrial policies have nurtured a large group of
firms with high profits and a high market capitalisation. However,
few people in the West can name a single Chinese firm. During the
modern era of capitalist globalisation firms from the high income
countries have spread their business systems across the world. This
has presented a profound challenge for industrial policy in
developing countries, including even China, the world's second
largest economy. China is unique among large latecomer developing
countries in having reached the position of being a huge,
fast-growing economy, with a tremendous impact on the rest of the
world, but lacking a substantial group of globally competitive
firms. This volume explores this paradox. Fully understanding the
industrial policy challenge that the era of capitalist
globalisation has produced for China is essential for harmonious
international relations.
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