China Rules: Globalization and Political Transformation

China Rules: Globalization and Political Transformation

Language: English

Pages: 307

ISBN: 0230576257

Format: PDF / Kindle (mobi) / ePub

The development of the Chinese MNC is a new feature of globalization, one that will undoubtedly change the world. Why Chinese firms internationalize, how they do so, and what the impact of their internationalization on developed markets will be are the foci of this book.

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readily apparent that the confluence of economic and fiscal decentralization has sowed high-yielding seeds of change as far as the interactional dynamics of enterprise and state actors in China’s political economy space are concerned. The extent of the transformational process of economic and political institutions in the reform era is captured in the “dual marketization” that has come to define China’s transitional political economy. It refers to “an economic market where the exchange of goods,

previous studies on the institutional differences between home and host countries (e.g., Davis, et al., 2000; Dikova & van Witteloostuijin, 2007; Yiu & Makino, 2002), this study emphasizes the impact of the institutional environment of the home country, China in this study. In the following sections, we propose a three-level analytical framework of the institutional environment and discuss in detail how institutional factors affect the internationalization strategies of Chinese MNCs. The

and growing market segment of consumers in the developed world has become acutely focused on seeking out the lowest prices and best “value for money.” Again, the emerging Chinese multinationals may be well equipped to prosper from this growing segment that demands “every day low prices” and increased value for money. Third, global retailers become ever more powerful in determining the success or failure of companies, even the most established ones. Companies such as Wal-mart, Carrefour, and

limitations that suggest directions for future research. First might be to look beyond the case-study evidence presented here and to conduct a large-scale survey to empirically test key hypotheses implied from this study. Second, would be to broaden the analysis beyond the limited number of industries, such as automobiles, consumer electronics, and machinery, to see whether the key theses remains valid across a more diverse sector of industries. Third, might be to test the theoretical framework

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