The Future of Chinese Capitalism: Choices and Chances

Paperback | February 1, 2010

byGordon Redding, Michael A. Witt

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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 thenext 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 theworkings 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, andtheir 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 ofpresent trends in the Chinese economy as well as through comparison with five major types of capitalism - those of France, 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 andweaknesses.

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From the Publisher

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 thenext decades? The answers to these questions...

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 Busines...

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Format:PaperbackDimensions:280 pagesPublished:February 1, 2010Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199575878

ISBN - 13:9780199575879

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Table of Contents

1. Another Miracle?2. Describing Business Systems3. Escape from History?4. The Legacies of History5. The Regional Ethnic Chinese in Business6. The State-owned Enterprises7. From Collectives to Local Corporates8. The Private Sector9. Introduction to the Comparative Chapters10. United States11. Japan12. Germany13. South Korea14. The Future of Chinese Capitalism

Editorial Reviews

Review from previous edition: "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, andeven managers would appreciate." --International Business Review