Rent Seeking And Government Ownership Of Firms An Application To China S Township Village Enterprises

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From the Grabbing Hand to the Helping Hand

Author : Jiahua Che
Publisher : Unknown
Page : 34 pages
File Size : 44,5 Mb
Release : 2002
Category : Government business enterprises
ISBN : UCSD:31822031513559

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From the Grabbing Hand to the Helping Hand by Jiahua Che Pdf

Rent Seeking in China

Author : Tak-Wing Ngo,Yongping Wu
Publisher : Routledge
Page : 395 pages
File Size : 44,7 Mb
Release : 2008-12-04
Category : Business & Economics
ISBN : 9781134034406

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Rent Seeking in China by Tak-Wing Ngo,Yongping Wu Pdf

In China, rent seeking has been linked to the idea of the local developmental state in which rapid economic development is explained in terms of the promotion of village and township enterprises by local cadres who wants to maximize revenue. At the same time, the rent-seeking state is also seen as the root of corrupt practices and in the creation of a political market where state assets and authorities are diverted into private interests. Despite the prevalence of rent seeking practices in present day China, no systematic study of the phenomenon across different regions and economic sectors has yet been undertaken and as such what accounts for the occurrence of the phenomenon, what range of activities are related to rent seeking practices and, more importantly, how rent seeking shapes political and economic development are barely understood. Rent Seeking in China seeks to address these questions using case studies from across economics sectors including primary industry, strategic industry, heavy industry, and light industry. It will be invaluable reading for students and scholars of Chinese politics, comparative politics and Chinese economic and business management.

The Institutional Transition of China's Township and Village Enterprises

Author : Hongyi Chen
Publisher : Routledge
Page : 341 pages
File Size : 42,9 Mb
Release : 2017-11-22
Category : Business & Economics
ISBN : 9781351812276

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The Institutional Transition of China's Township and Village Enterprises by Hongyi Chen Pdf

This title was first published in 2000: This work provides a new insight into china's township and village enterprises (TVEs). It views the governance structure of TVEs as effectively combining the comparative advantage of local government officials in external management and of dual firm managers in internal management to overcome imperfections in both market and government during the transitional period. Through extensive field investigation analysis and case studies, this work shows that the governance structure of TVEs has been evolving during the past fifteen years. To adapt to the changing environment, TVEs have continuously innovated firm contractual form from a government official dominant fixed-wage form to a partnership style profit-sharing form, then to a privatization oriented fixed-rent form. This work develops a complete model to explain how the central government’s partial reform efforts in market liberalization have become the driving force to induce the contractual form innovation, and to explicate how heterogeneity in firms’ technical structures and in local economic settings may affect local government’s decisions regarding contractual form innovation. Using the author’s unique data set, the model simulations predict that the development in the whole market system will result in the diffusion of contractual form innovation and lead to an 'induced privatization’ in this sector. The following empirical studies show this to be a powerful prediction and the progress toward such ’induced privatization' can be expected in China in near future. This research work provides a rich empirical study on China’s institutional transition towards a market system. It explains how a bottom-up endogenous, instead of top-down exogenous, property rights reform can be realized in transitional economies. This work will serve as a valuable reference for researchers and students in economics, economic development and institutional economics - and especially for those interested in research.

An Economic Analysis of the Rise and Decline of Chinese Township and Village Enterprises

Author : Cheng Jin
Publisher : Springer
Page : 217 pages
File Size : 44,5 Mb
Release : 2017-08-11
Category : Business & Economics
ISBN : 9783319597706

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An Economic Analysis of the Rise and Decline of Chinese Township and Village Enterprises by Cheng Jin Pdf

This book provides a historical economic analysis of two key issues relating to township and village enterprise (TVE) development in China. Firstly, the nature of the evolving relationship between TVEs and local government; in particular how TVE entrepreneurs have used institutionalized power to secure the political influence needed to defend their financial independence. Secondly, the relationship between TVEs and state-owned enterprises (SOEs), and the role of SOEs in China’s economic transition. This study highlights the importance of the role of SOEs in the “dual-track pricing system” and its impact on other parts of the economy. Township and village enterprises were key to China's success in the late twentieth century, but have more or less disappeared as an entity over the past decade or so. By measuring the structural difference of the SOE sector before and after 1998–2003 SOE reform, Jin explains their fast catch-up in productivity since the mid-1990s, as well as the relative decline of TVE productivity.

The Governance Structures of Chinese Firms

Author : Chun Liao
Publisher : Springer Science & Business Media
Page : 222 pages
File Size : 50,8 Mb
Release : 2009-08-02
Category : Political Science
ISBN : 9781441900364

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The Governance Structures of Chinese Firms by Chun Liao Pdf

China’s extraordinary economic growth is inspiring research from a wide spectrum of fields to explain the phenomenon: What are the primary drivers of China’s economic growth? Can it be sustained? Can the Chinese business model be emulated by other countries? What long-term effects will China’s economic growth have on the global economy? In this volume, Chun Liao explores these issues in the context of firms’ governance structures, arguing that China’s dual business system of state-owned enterprises and private enterprises is uniquely suited to the challenges of economic development in the twenty-first century. On the one hand, China’s state-owned enterprises are characterized by state coordination, bank financing, insulation from the stock market fluctuations, and incremental productivity-enhancing innovations, which are similar to the firms in the business systems of coordinated market economies (like Germany and Japan). On the other hand, China’s private enterprises are characterized by private (often family) ownership, hard budget constraints, profit maximization, and more risky radical innovation, which are similar to the firms in the business systems of liberal market economies (like the US and the UK). Based on the state controlling shareholding in the state sector, the boundary between the state sector business system and private sector business system is clear. This dual type system is contrasted with those in liberal market economies and those in coordinated market economies, where only one type system dominates. Drawing from empirical data and industry analysis over the past 15 years, Liao provides unparalleled access to the dynamics of the Chinese economy, including ownership structure, management design, labor-management relations, business infrastructure, capitalization (including role of banks and financial institutions, private investment, and FDI) in both the public and private sectors. In the process, she analyzes both opportunities and challenges that result from China’s dual business system, particularly in regard to innovation, core competitiveness, and sustainable growth in both state strategic technology-based industries and private high technology industries . The result is an approach that sheds new light on China’s economic performance and its rise as a player on the international stage.

Corporate Political Strategies of Private Chinese Firms

Author : Hao Ma,Shu Lin,Neng Liang
Publisher : Routledge
Page : 182 pages
File Size : 43,7 Mb
Release : 2012-03-12
Category : Business & Economics
ISBN : 9781136586231

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Corporate Political Strategies of Private Chinese Firms by Hao Ma,Shu Lin,Neng Liang Pdf

This book is about how Chinese entrepreneurs deal with China’s most important institution-the government-in their struggle to survive and even prosper in China’s transitional economy. It takes an "inside look" at several private firms in China and provides a first-hand account, as well as the underlying rationale and decision considerations, of their corporate political strategy. The book is based firmly on solid academic research but actually written with both practitioners and scholars in mind. It offers candid and insightful quotes and observations from the owners and executives of China’s private firms with regards to their dealing with the government. This book advances a typology of corporate political strategies based on the respective motivations of the business (the entrepreneurs and their firms) and the government (the government institutions and individual officials) as well as the modes of their interactions. Eight different types of political strategies by China’s private firms are identified and illustrated with real-life examples, ranging from one-night-stand, situational shopper, good ole friend, patronage seeker, model volunteer, institutional improviser, direct participator, to red hat insider. The book also dissects a living case and traces the development of one particular private firm, from its humble start-up to present day glory, which fittingly illustrates the evolution and dynamics of the various types of political strategies the firm employed at different stages of its growth. For anyone who wants to understand China’s private firms and the Chinese government, thus be able to deal with them more effectively, this book is a must-read.

High-tech Industries in China

Author : Chien-Hsun Chen,Hui-Tzu Shih
Publisher : Edward Elgar Publishing
Page : 186 pages
File Size : 46,9 Mb
Release : 2005-01-01
Category : Business & Economics
ISBN : 1781958866

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High-tech Industries in China by Chien-Hsun Chen,Hui-Tzu Shih Pdf

This book will strongly appeal to those affiliated to multinational enterprises: managers, brokers, dealers and investors, as well as academics and researchers specialising in business economics and Asian studies.

The China Boom and Its Discontents

Author : Ross Garnaut,Ligang Song
Publisher : ANU E Press
Page : 287 pages
File Size : 40,8 Mb
Release : 2005-10-01
Category : Political Science
ISBN : 9781920942410

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The China Boom and Its Discontents by Ross Garnaut,Ligang Song Pdf

China is shaping the global economy as never before. An insatiable demand for commodities, energy resources and capital, and deepening integration to the world economy has won China acclaim. Yet 25 years of rapid industrial development, far-reaching economic reforms and increasing international competition have also created an array of challenging domestic policy demands. The China Boom and its Discontents discusses the financial and social challenges that have emerged in the wake of rapid economic growth. Recent research on demographic trends, labour movements, financial development, social security, urbanisation and trade agreements highlight the unfinished progress of reforms in China.

The Revival of Private Enterprise in China

Author : Shunfeng Song
Publisher : Routledge
Page : 303 pages
File Size : 44,8 Mb
Release : 2016-02-24
Category : Business & Economics
ISBN : 9781317017868

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The Revival of Private Enterprise in China by Shunfeng Song Pdf

The re-emergence of private enterprises is one of the most important factors in China's recent economic development. They will play a key role in maintaining China's high growth rate and honouring its commitments to the WTO. Despite this they face obstacles to growth, including borrowing restrictions, high taxes, ineffective legal protection and lack of technical and information support. The authors in this book discuss these obstacles and propose measures for improving private enterprise development. They consider how private enterprises can help China mitigate its macroeconomic problems, such as unemployment, income inequality, financial disintermediation and cyclical boom and bust. Finally they examine the lessons to be learnt from other countries in promoting privatization.

State Ownership

Author : Enrico Perotti
Publisher : World Bank Publications
Page : 25 pages
File Size : 53,5 Mb
Release : 2004
Category : Electronic
ISBN : 8210379456XXX

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State Ownership by Enrico Perotti Pdf

Living Next to the Giant

Author : Le Hong Hiep
Publisher : Flipside Digital Content Company Inc.
Page : 248 pages
File Size : 50,8 Mb
Release : 2017-03-09
Category : Political Science
ISBN : 9789814762977

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Living Next to the Giant by Le Hong Hiep Pdf

This book examines how the interaction between political and economic factors under Doi Moi has shaped Vietnam's China policy and bilateral relations since the late 1980s. After providing a historical background, the book examines the conflicting effects that Doi Moi has generated on bilateral relations. It demonstrates that Vietnam's economic considerations following the adoption of Doi Moi contributed decidedly to the Sino-Vietnamese normalization in 1991 as well as the continuous improvements in bilateral ties ever since. At the same time, Vietnam's economic activities in the South China Sea and China's responses have intensified bilateral rivalry and put their ties under considerable strains. The book goes on to argue that Doi Moi has indeed brought Vietnam newfound opportunities to develop a multi-level omni-directional hedging strategy against China. Finally, the book concludes by looking at the prospects of democratization in both countries and assessing the future trajectory of their relations under such circumstances. As the most comprehensive and up-to-date survey of Vietnam's relations with China over the past thirty years, the book is a useful reference source for academics, policymakers, students, and anyone interested in contemporary Vietnam foreign policy in general and Vietnam-China relations in particular.

The Chinese and Indian Corporate Economies

Author : Raj Brown
Publisher : Routledge
Page : 504 pages
File Size : 49,5 Mb
Release : 2017-02-03
Category : Social Science
ISBN : 9781317398318

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The Chinese and Indian Corporate Economies by Raj Brown Pdf

This is a compelling analysis of the corporate economies of China and India, which are having a huge impact not just on the international economy, but also in the geopolitical and international strategy sphere as a result of an accelerated globalisation by these two countries, which is unleashing powerful economic challenges to corporate structures, economic institutions and law worldwide. The big question is how after centuries of underdevelopment China and now India are emerging powerfully and pulling ahead of Western European economies. Analysing the role of the state and the adroit use of law, and their impact on the corporate evolution of both China and India, provides greater clarity and insight into why China has evolved as a manufacturing nation utilizing cheap abundant labour while India has not exploited such advantages but instead focused on IT and higher value industries, even abroad as Tata has demonstrated in the motor industry in Europe. Again while Chinese corporations have expanded abroad as an arm of the state into Asia, Middle East, Africa, Europe, Latin America and parts of the southern states of the USA, India has pushed principally into Europe through the efforts of powerful minority capitalists of Parsi and Gujerati background, overcoming technological gaps and differences through acquisitions and absorptions of existing corporations in particular industries, especially in steel, automobiles and textiles. In China, state owned corporations have been dominant. In India, though state owned enterprises have been powerful since 1951, it has been private capitalists with an established stronghold since the colonial period and even under the Socialist period from 1951-1991 who have been the more productive main actors both in India and abroad.

China's Rural Industry

Author : World Bank
Publisher : Oxford University Press
Page : 464 pages
File Size : 50,6 Mb
Release : 1990
Category : Business & Economics
ISBN : 0195208226

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China's Rural Industry by World Bank Pdf

This collection of papers presented at an international conference in 1987 provides a comprehensive analysis of China's booming rural non-state industrial sector, both collective and private.

Institutional Variety in East Asia

Author : Werner Pascha,Cornelia Storz,Markus Taube
Publisher : Edward Elgar Publishing
Page : 329 pages
File Size : 51,7 Mb
Release : 2011
Category : Business & Economics
ISBN : 9781849807968

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Institutional Variety in East Asia by Werner Pascha,Cornelia Storz,Markus Taube Pdf

This illuminating book broadly addresses the emerging field of 'diversity of Capitalism' from a comparative institutional approach. It explores the varied patterns for achieving coordination in different economic systems, applying them specifically to China, Japan and South Korea. These countries are of particular interest due to the fact that they are often considered to have developed their own peculiar blend of models of capitalism. The expert contributors take a common institutional approach, focusing on institutions at the macro level. They present case studies to demonstrate the diversity of institutional patterns at the advent of the 21st century, both within the East Asian region and elsewhere. Examples of stability within existing institutions are illustrated alongside examples of comprehensive institutional change. Underpinning the case studies are a set of theoretical and empirical challenges for researchers concerned with national institutional settings, path dependence and endogenous dynamics.