Selling China: Foreign Direct Investment During the Reform Era
Cambridge University Press, 2003 - 383 sider
In this book, Yasheng Huang makes a provocative claim: the large absorption of foreign direct investment (FDI) by China is a sign of some substantial weaknesses in the Chinese economy. The primary benefits associated with China's FDI inflows are concerned with the privatization functions supplied by foreign firms, venture capital provisions to credit-constrained private entrepreneurs, and promotion of interregional capital mobility. Huang argues that one should ask why domestic firms cannot supply the same functions. China's partial reforms, while successful in increasing the scope of the market, have so far failed to address many allocative inefficiencies in the Chinese economy.
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accounted affiliates Automotive Industry Corporation average Bank Beijing Beijing-XYZ Gear central government chapter China China's FDI inflows Chinese economy Chinese firms collective firms compared competitiveness constraints contractual alliances costs countries domestic firms economic fragmentation efficient enterprises equity stake example export factors FDI dependency FDI patterns FDI regime FIEs Fisher Body fixed assets foreign equity ratio foreign exchange foreign firms foreign investors foreign ownership Foshan Fujian garment industry Guangdong province Guangzhou Guizhou Hong Kong important inefficient International Finance Corporation investments Jiangsu JV acquisitions Kelon know-how loans Machinery Industry managers manufacturing million MNCs NCIC nonstate firms offirms operating output percent perspective political pecking order private entrepreneurs private sector production profits reforms refrigerator regional round-trip FDI SAIC Shanghai share shareholding Shunde SOEs strategy substantial suppliers Suzhou Suzhou Peacock Table Taiwan Tianjin township TVEs variable World Bank