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The Chinese Economy in the 21st Century

The Chinese Economy in the 21st Century PDF Author: Barbara Krug
Publisher: Edward Elgar Publishing
ISBN: 9781782543411
Category : Business & Economics
Languages : en
Pages : 272

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Book Description
The authors discuss the role of local institutions in coordinating business activities and unleashing entrepreneurship, arguing that the sudden growth of new firms and industries is facilitated by changes in business behaviour and institutions. Initial private exchange and investment in an environment of ill-functioning markets are shown to depend on local networks and local business culture which, in turn, rely on local tax regimes setting incentives for inherited bureaucracies to engage in economic transformation. Finally, the book establishes local institutions and local governance as crucial dimensions of China¿s emerging business system.