Download or read book The Global Business Revolution and the Cascade Effect written by P. Nolan and published by Springer. This book was released on 2007-02-07 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using empirical data from the supply chain of aerospace, beverages and retail this text develops an original framework, the 'cascade effect', to explain changes in industrial concentration. This provides an original insight into the determinants of industrial structure and has vital implications for firms and policy-makers in developing countries.

Download or read book The Global Business Revolution and the Cascade Effect written by Peter Nolan and published by . This book was released on 2007 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using empirical data from the supply chain of aerospace, beverages and retail this text develops an original framework, the 'cascade effect', to explain changes in industrial concentration. This provides an original insight into the determinants of industrial structure and has vital implications for firms and policy-makers in developing countries.

Download or read book China and the Global Business Revolution written by P. Nolan and published by Springer. This book was released on 2001-07-26 with total page 1092 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has used industrial policies to try to build large corporations that can challenge those based in more advanced countries. By the late 1990s the operational mechanism of China's large firms had seen large advances. Simultaneously, a revolution has taken place in global business systems, and China's large firms are even further behind the global leaders than when they began their reforms. The WTO will require China to operate rapidly on the 'global playing field' in competition with the world's leading corporations, and this increased gap presents a deep challenge for China's business and political leaders. Peter Nolan presents here the first in-depth case studies of China's large corporations under economic reform, combined with systematic benchmarking of these firms against the world's leading corporations. The book is an unrivalled resource of information on Chinese businesses, and also leads the reader to consider the impact of China's response to its current challenges not only on China itself, but on the wider global economy.

Download or read book Is China Buying the World written by Peter Nolan and published by John Wiley & Sons. This book was released on 2013-04-30 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has become the world's second biggest economy and its largest exporter. It possesses the world's largest foreign exchange reserves and has 29 companies in the FT 500 list of the world's largest companies. ‘China's Rise' preoccupies the global media, which regularly carry articles suggesting that it is using its financial resources to ‘buy the world'. Is there any truth to this idea? Or is this just scaremongering by Western commentators who have little interest in a balanced presentation of China's role in the global political economy? In this short book Peter Nolan - one of the leading international experts on China and the global economy - probes behind the media rhetoric and shows that the idea that China is buying the world is a myth. Since the 1970s the global business revolution has resulted in an unprecedented degree of industrial concentration. Giant firms from high income countries with leading technologies and brands have greatly increased their investments in developing countries, with China at the forefront. Multinational companies account for over two-thirds of China's high technology output and over ninety percent of its high technology exports. Global firms are deep inside the Chinese business system and are pressing China hard to be permitted to increase their presence without restraints. By contrast, Chinese firms have a negligible presence in the high-income countries - in other words, we are ‘inside them' but they are not yet ‘inside us'. China's 70-odd ‘national champion' firms are protected by the government through state ownership and other support measures. They are in industries such as banking, metals, mining, oil, power, construction, transport, and telecommunications, which tend to make use of high technology products rather than produce these products themselves. Their growth has been based on the rapidly growing home market. China has been unsuccessful so far in its efforts to nurture a group of globally competitive firms with leading global technologies and brands. Whether it will be successful in the future is an open question. This balanced analysis replaces rhetoric with evidence and argument. It provides a much-needed perspective on current debates about China's growing power and it will contribute to a constructive dialogue between China and the West.

Download or read book China s Centralized Industrial Order written by Chen Li and published by Routledge. This book was released on 2014-11-13 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about the political economy of China’s industrial reform and the rise of a group of Chinese big businesses under the Communist Party and the central state’s control. It examines the origins, evolution and institutional configuration of this centralized system in governing the ‘commanding heights’ of the Chinese industrial economy. Shaped by persistent industrial policies to develop China’s ‘national champions’ enterprises, the core parts of China’s central industrial ministries and mono-bank system have been transformed into a ‘national team’ of giant modern business firms in industries such as oil, power generation, telecommunications, aerospace, aviation, nuclear, shipbuilding, mining, construction, automobile and banking. Through an adaptive process of learning, experimentation and restructuring, the bedrock of the authority relations and control mechanisms among the Party, government bureaucracy and firms has been consolidated rather than dismantled in the system’s transformation. This alternative view of China’s industrial reform presents a direct challenge to the neo-liberal transition model of China’s institutional development and the mainstream Western conceptions of Chinese big business.

Download or read book Multinationals Global Value Chains and Governance written by Peter Hertenstein and published by Routledge. This book was released on 2019-08-16 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book uses the examples of local supply firms in China and Brazil and their connections to the global automotive industry to explore the nature of current global value chains. It argues that lead firms make use of product architecture to globalize their procurement and supply chain management and that they effectively restructure the global supply base by internationalizing the most capable supply firms, thereby creating oligopolies controlled by the lead firm. The book goes on to contend that some firms have gained such powerful positions that they have gained a degree of control over other firms without the necessity of ownership – altering the mechanics of governance. Also, it shows how, although some supply firms from emerging markets have utilized their business ties with western assembly firms to upgrade themselves within the global value chain, most are squeezed out through increased global competition. Overall, the book makes a major new contribution to the economic theory of governance.

Download or read book China s Rise in the World ICT Industry written by Lutao Ning and published by Routledge. This book was released on 2009-06-04 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the most striking phenomena of China’s remarkable economic growth is that its huge volume of exports are becoming high-tech. China is now the world's largest Information and Communication Technology (ICT) exporter, having overtaken Japan and the European Union in 2003 and the United States in 2004. China's ICT industry is also the largest manufacturing sector within the Chinese economy. This book examines how China has attained this leading position and presents one of the first accounts of China’s ICT development model with specific reference to the experiences of East Asian 'tigers'. It shows how the development of the industry was military-driven before 1978, and how subsequently Chinese policymakers, struggling with domestic market reform and challenged by trade liberalisation and globalisation, managed to push through ICT development strategies. Overall, it discusses the debates between policymakers as to the most appropriate economic development strategy for 'catching-up' and demonstrates how China moved away from the across-the-board protectionist and interventionist industrial policies pursued by many developing countries, but has not wholeheartedly followed the neo-liberal free trade and market polices favoured by the World Bank, WTO and IMF. By doing so, it sheds light on the limitations of China’s strategies moving forward, and identifies policy lessons for other developing countries.

Download or read book Chinese Private Manufacturing Firms written by Xiao Chen and published by Routledge. This book was released on 2018-03-15 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the beginning of China’s economic reform in 1978, private manufacturing firms have played an indispensable role in, and have made a remarkable contribution to, the country’s economic development. This book, based on extensive original research, explores the current development challenges for Chinese private manufacturing firms as China’s integration with the global economy deepens. At the heart of the book are rich, nuanced empirical case studies of private manufacturing firms in the footwear and electrical equipment industries based in the city of Wenzhou, which was where private enterprise in China was pioneered in the 1980s. Particular subjects considered include the competition situation, the interaction of foreign and indigenous firms in both domestic and international markets, and the facilitating role of industrial development areas.

Download or read book China and the World Economy written by Jin Zhang and published by Routledge. This book was released on 2017-09-22 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together leading international scholars and leading scholars from China’s highly prestigious Development Research Centre of the State Council of the People’s Republic of China, who all put forward their insights into the current challenges for the Chinese and the world economy. The book focuses on six topics: economic growth, trade, industry and services, innovation, finance, and environment and ecology, all of which are central to the sustainable economic growth of China and the world. Overall, the book provides balanced perspectives as well as rich empirical evidence from China and other parts of the world on the development and regulation of the Chinese and the world economy.

Download or read book The Political Economy of Banking Governance in China written by Xuming Yang and published by Taylor & Francis. This book was released on 2017-04-21 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chinese state banks, which were considered technically insolvent in the 1990s, are at present among the largest and most important banks in the world. This book, based on the author’s research and also on his extensive experience of working in Chinese banks, explores how Chinese banks’ technical efficiency and organisational flexibility have been achieved whilst ownership and control by the Chinese Communist Party have continued. The author reveals a distinctly non-Western approach to corporate governance, but one that has nevertheless worked very well.

Download or read book Capitalism and Freedom written by Peter Nolan and published by Anthem Press. This book was released on 2008 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since ancient times the exercise of individual freedoms has been inseparable from the expansion of the market, driven by the search for profit. This force, namely capitalism, has stimulated human creativity and aggression in ways that have produced immense benefits. As capitalism has broadened its scope in the epoch of globalization, these benefits have become even greater. In an epoch of capitalist globalization, its contradictions have intensified. They comprehensively threaten the natural environment. They have intensified global inequality within both rich and poor countries, and between the internationalized global power elite and the mass of citizens rooted within their respective nation. This book explores the impact of the domineering economic phenomenon on our personal and social liberties.

Download or read book Integrating China written by Peter Nolan and published by Anthem Press. This book was released on 2008 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely collection of essays from Peter Nolan offers deep insight into the challenges faced in integrating China with the global political economy.

Download or read book Playing Our Game written by Edward S. Steinfeld and published by Oxford University Press. This book was released on 2012-02-01 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conventional wisdom holds that China's burgeoning economic power has reduced the United States to little more than a customer and borrower of Beijing. The rise of China, many feel, necessarily means the decline of the West--the United States in particular. Not so, writes Edward Steinfeld. If anything, China's economic emergence is good for America. In this fascinating new book, Steinfeld asserts that China's growth is fortifying American commercial supremacy, because (as the title says) China is playing our game. By seeking to realize its dream of modernization by integrating itself into the Western economic order, China is playing by our rules, reinforcing the dominance of our companies and regulatory institutions. The impact of the outside world has been largely beneficial to China's development, but also enormously disruptive. China has in many ways handed over--outsourced--the remaking of its domestic economy and domestic institutions to foreign companies and foreign rule-making authorities. For Chinese companies now, participation in global production also means obedience to foreign rules. At the same time, even as these companies assemble products for export to the West, the most valuable components for those products come from the West. America's share of global manufacturing, by value, has actually increased since 1990. Within China, the R&D centers established by Western companies attract the country's best scientists and engineers, and harness that talent to global, rather than indigenous Chinese, innovation efforts. In many ways, both Chinese and American society are benefiting as a result. That said, the pressures on China are intense. China is modeling its economy on the United States, with vast consequences in a country with a small fraction of America's per-capita income and scarcely any social safety net. Walmartization is not something that Asian manufacturing power is doing to us; rather, it is how we are transforming China. From outsourcing to energy, Steinfeld overturns the conventional wisdom in this incisive and richly researched account.

Download or read book Finance and the Real Economy written by Peter Nolan and published by Routledge. This book was released on 2020-10-05 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: The different approach taken by China and the West towards finance and the real economy rests upon philosophical foundations that have diverged fundamentally since the Ancient World. Since the Asian Financial Crisis in 1997–98 a tremendous transformation has taken place in the financial systems in both China and the West. China has persisted steadily with reform of its financial system but it remains heavily protected from international competition. In the West regulatory structures have been progressively dismantled, permitting an unprecedented secular expansion of asset prices and debt relative to GDP. The structure crashed to the ground with the collapse of asset prices in 2008–09. In the decade since the GFC asset prices and debt in the West have rebounded. The West’s financial system stands on a knife- edge. In 2018 China announced the intention to accelerate the opening up of the country’s capital markets. The way in which the Chinese and the West’s financial system interact constitutes a central issue in global political economy in the years ahead.

Download or read book Charting China s Future written by David Shambaugh and published by Routledge. This book was released on 2012-03-29 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every day and everywhere, China figures prominently in global attention: companies and banks weigh billions in investments; hedge fund managers assess and speculate on downside risks; commodity traders and natural resource producers salivate over China’s energy appetite; intelligence agencies carefully track China’s growing global footprint; militaries monitor China’s growing military capabilities; diplomats grapple with a new assertiveness in China’s diplomatic posture; scholars try to understand the shifting dynamics and sources of China’s behaviour; while journalists track the latest changes in China’s economy, polity, and society. Charting China’s Future provides informed analysis on the complexities of today’s China, and where these complexities may lead, from some of the world’s leading Asia experts. The contributors have provided clear, intelligible, and forward-looking analyses, free of social science jargon and extensive footnotes. Probing into many of the key domestic and external issues facing China today from political, economic and social perspectives the book proffers a forward-looking analysis that will appeal to anyone with a professional, academic or personal interest in the big issues facing today's China and its interaction with the world. Readers will find much to contemplate about China’s future in this volume, and will gain a clearer sense of the key variables and possible trajectories of one of the most consequential countries on the planet.

Download or read book The Nature of the Firm in the Oil Industry written by Basak Beyazay and published by Routledge. This book was released on 2015-10-16 with total page 141 pages. Available in PDF, EPUB and Kindle. Book excerpt: Firm-to-firm relationships, along with the overall structure of industry, have changed markedly over the past decades. Replacing the model of vertical integration with one of global business, firms have started to outsource more by using a wider global network. At the same time, they have begun to increase their control and coordination along the value chain to remain competitive, blurring the boundaries between companies. Understanding the nature of the firm and its role in coordinating the supply chain will help firms to better define global competitive strategies.. The challenges that lie ahead for global business render obsolete the traditional model of procuring each service without long-term supply chain management. Current trends suggest that in the future there will be even deeper supply chain integration in most industries. The Nature of the Firm in the Oil Industry aims to facilitate the understanding of ‘the firm’ via the analysis of the specific relationship between international oil companies, which are among the world’s biggest firms and which act as ‘core system integrators’, and the oil services companies, which help to find, extract, produce and distribute oil along the petroleum industry supply chain. This relationship serves as an example of deep integration by core system integrators and provides insights into the change in the nature of the firm in the era of modern globalization. Aimed at researchers and academics, The Nature of the Firm in the Oil Industry offers a thorough examination of this relationship in an effort to shed light on the nature of the firm, both in the oil industry and in global business today. It is a humble attempt to better understand the firm in a crucial industry.

Download or read book The Oxford Handbook of Industrial Policy written by Arkebe Oqubay and published by Oxford University Press, USA. This book was released on 2020-10-19 with total page 981 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industrial policy has long been regarded as a strategy to encourage sector-, industry-, or economy-wide development by the state. It has been central to competitiveness, catching up, and structural change in both advanced and developing countries. It has also been one of the most contested perspectives, reflecting ideologically inflected debates and shifts in prevailing ideas. There has lately been a renewed interest in industrial policy in academic circles and international policy dialogues, prompted by the weak outcomes of policies pursued by many developing countries under the direction of the Washington Consensus (and its descendants), the slow economic recovery of many advanced economies after the 2008 global financial crisis, and mounting anxieties about the national consequences of globalization. The Oxford Handbook of Industrial Policy presents a comprehensive review of and a novel approach to the conceptual and theoretical foundations of industrial policy. The Handbook also presents analytical perspectives on how industrial policy connects to broader issues of development strategy, macro-economic policies, infrastructure development, human capital, and political economy. By combining historical and theoretical perspectives, and integrating conceptual issues with empirical evidence drawn from advanced, emerging, and developing countries, The Handbook offers valuable lessons and policy insights to policymakers, practitioners and researchers on developing productive transformation, technological capabilities, and international competitiveness. It addresses pressing issues including climate change, the gendered dimensions of industrial policy, global governance, and technical change. Written by leading international thinkers on the subject, the volume pulls together different perspectives and schools of thought from neo-classical to structuralist development economists to discuss and highlight the adaptation of industrial policy in an ever-changing socio-economic and political landscape.