The Future of Chinese Capitalism
Choices and Chances
Published on 6. December 2007
Book
Hardback
280 pages
978-0-19-921813-4 (ISBN)
Description
Much has been said about the re-emergence of China to its historical position of eminence in the world economy, yet little is understood about the kind of economic system China is evolving. What are the rules of the game of business in today's China, and how are they likely to change over the next decades? The answers to these questions are crucial to business persons formulating strategy toward China, but also for policy-makers concerned with retaining the competitiveness of their nations in the face of Chinese competition and for researchers seeking to gain deeper insights into the workings of economic systems and institutional change.
Written by two leading experts in the field, this book sheds much-needed light on these questions. Building on recent conceptual and empirical advances, and rich in concrete examples, it offers a comprehensive and systematic exploration of present-day Chinese capitalism, its component parts, and their interdependencies. It suggests that Chinese capitalism, as practiced today, in many respects represents a development from traditional business practices, whose revival has been greatly aided by the influx of investments and managerial talent from the Regional Ethnic Chinese. On the basis of present trends in the Chinese economy as well as through comparison with four major types of capitalism-those of Germany, Japan, Korea, and the United States-the book derives a prediction of the probable development paths of Chinese capitalism and its likely competitive strengths and weaknesses.
Written by two leading experts in the field, this book sheds much-needed light on these questions. Building on recent conceptual and empirical advances, and rich in concrete examples, it offers a comprehensive and systematic exploration of present-day Chinese capitalism, its component parts, and their interdependencies. It suggests that Chinese capitalism, as practiced today, in many respects represents a development from traditional business practices, whose revival has been greatly aided by the influx of investments and managerial talent from the Regional Ethnic Chinese. On the basis of present trends in the Chinese economy as well as through comparison with four major types of capitalism-those of Germany, Japan, Korea, and the United States-the book derives a prediction of the probable development paths of Chinese capitalism and its likely competitive strengths and weaknesses.
Reviews / Votes
The Future of Chinese Capitalism is one of the most important scholarly works on Chinese capitalism examined in the context of the PRC... Though a weighty academic work, the book is written in a quite reader-friendly style that researchers, college students, and even managers would appreciate. * International Business Review * A definitive examination of the challenges that China faces in its efforts to emerge as an economic superpower. * Strategy + Business *More details
Language
English
Place of publication
Oxford
United Kingdom
Target group
College/higher education
Dimensions
Height: 240 mm
Width: 161 mm
Thickness: 19 mm
Weight
578 gr
ISBN-13
978-0-19-921813-4 (9780199218134)
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Schweitzer Classification
Other editions
Additional editions
Book
01/2010
Oxford University Press
€57.50
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Persons
Gordon Redding is Director of the Euro-Asia and Comparative Research Centre, at INSEAD. He is also Professor Emeritus at the University of Hong Kong.
He is a specialist on Asian management, and especially on Chinese capitalism. He spent 24 years based at the University of Hong Kong, where he established and was Director of the Business School, and its sister organisation in executive education, the Poon Kam Kai Institute of Management.
His research focuses on the comparative understanding of Asian business systems, and especially on the contrasts between Chinese, Korean, and Japanese forms of capitalism. As well as encompassing cultural effects it analyses the influence of institutions and societal processes seen historically. In addition his work has included the implications for multi-nationals working in the region, and the operating problems of expatriate management. He has published ten books, including The Spirit of Chinese Capitalism, and over a hundred research papers.
Michael A. Witt is Affiliate Professor of Asian Business and Comparative Management at INSEAD. The focus of his work has been on understanding the variations in the 'rules of the game' of business in different countries and regions, especially in China, Japan, and Korea, as well as in the West. Previous work in this vein includes a book on Japan entitled Changing Japanese Capitalism (Cambridge University Press, 2006). He holds an AB in International Relations and Japanese from Stanford University and a PhD in political science from Harvard University. He is a Fellow at the INSEAD Euro-Asia and Comparative Research Centre.
He is a specialist on Asian management, and especially on Chinese capitalism. He spent 24 years based at the University of Hong Kong, where he established and was Director of the Business School, and its sister organisation in executive education, the Poon Kam Kai Institute of Management.
His research focuses on the comparative understanding of Asian business systems, and especially on the contrasts between Chinese, Korean, and Japanese forms of capitalism. As well as encompassing cultural effects it analyses the influence of institutions and societal processes seen historically. In addition his work has included the implications for multi-nationals working in the region, and the operating problems of expatriate management. He has published ten books, including The Spirit of Chinese Capitalism, and over a hundred research papers.
Michael A. Witt is Affiliate Professor of Asian Business and Comparative Management at INSEAD. The focus of his work has been on understanding the variations in the 'rules of the game' of business in different countries and regions, especially in China, Japan, and Korea, as well as in the West. Previous work in this vein includes a book on Japan entitled Changing Japanese Capitalism (Cambridge University Press, 2006). He holds an AB in International Relations and Japanese from Stanford University and a PhD in political science from Harvard University. He is a Fellow at the INSEAD Euro-Asia and Comparative Research Centre.
Content
1. Another Miracle? ; 2. Describing Business Systems ; 3. Escape from History? ; 4. The Legacies of History ; 5. The Regional Ethnic Chinese in Business ; 6. The State-owned Enterprises ; 7. From Collectives to Local Corporates ; 8. The Private Sector ; 9. Introduction to the Comparative Chapters ; 10. United States ; 11. Japan ; 12. Germany ; 13. South Korea ; 14. The Future of Chinese Capitalism