Changing Lanes in China

Changing Lanes in China

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This book addresses two of the most important trends in political economy during the last two decades - globalization and decentralization - in the context of the world's most rapidly growing economic power, China. The intent is to provide a better understanding of how local political and economic institutions shape the ability of Chinese state-owned firms to utilize foreign direct investment (FDI) to remake themselves in the transition from inefficient and technologically backward firms into powerful national champions. In a global economy, the author argues, local governments are increasingly the agents of industrial transformation at the level of the firm. Local institutions are durable over time, and they have important economic consequences. Through an analysis of five Chinese regions, the treatment seeks to specify the opportunities and constraints that alternative institutional structures create, how they change over time, and ultimately, how they prepare Chinese firms for the challenge of global competition.17 Beijing Hyundai sold 56, 064 units of its Elantra model in the first quarter of 2005. aquot;Hyundai leads other automakers in car sales, aquot; Xinhua Economic News Service, April 21, 2005. 18 Geoff Dyer, aquot;Carmakers feel pain in Chinese market, aquot; anbsp;...

Title:Changing Lanes in China
Author:Eric Thun
Publisher:Cambridge University Press - 2006-01-16


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