China's Large Enterprises and the Challenge of Late Industrialisation (Routledgecurzonstudies on the Chinese Economy)

Considers the 'late industrialisation' of China, showing how government policies have encouraged the development of 120 'national champions' (akin to Japanese keiretsu and South Korean chaebol ), how these 'national champions' compete with multinational enterprises, and how China's rapid and successful 'late industrialisation' does not fit orthodox economic theories. The book provides a detailed illustration of these wider issues with a case study of the auto industry. Book Cover......Page 1 Title......Page 4 Contents......Page 5 List of figures......Page 8 List of tables......Page 9 Preface......Page 10 List of abbreviations......Page 14 Introduction......Page 16 Competing development paradigms......Page 18 Large enterprises and development......Page 20 Large enterprises, development paradigms and China......Page 25 China's large industrial enterprises......Page 35 Economic growth and the large-scale sector......Page 36 Competing development paradigms and China......Page 47 Conclusions......Page 51 The national team of enterprise groups......Page 54 Origins of the national team......Page 55 Pillar industries and an evolving industrial policy......Page 63 Policies to 'grasp the large'......Page 66 Conclusions......Page 78 List and description of trial groups: Table 3.4......Page 81 The national team and the business revolution......Page 107 A business revolution?......Page 109 Global consolidation and the national team......Page 113 Conclusions......Page 122 The national team in international comparative perspective: the auto industry......Page 125 The global auto industry......Page 126 The national team and China's auto industry......Page 137 Conclusions......Page 148 Conclusions......Page 151 China, large enterprises and the global business revolution......Page 152 Theory and policy lessons......Page 157 Appendices......Page 163 Extending the 'grasp the large policy'......Page 166 Spread of policy to lower levels......Page 168 Appended key policy documents......Page 170 Global market shares of various business activities......Page 179 Notes......Page 185 Bibliography......Page 192 Index......Page 196 "This book considers the 'late industrialization' of China, showing how government policies have encouraged the development of 120 'national champions' (akin to Japanese keiretsu and South Korean chaebol), how these 'national champions' compete with multinational enterprises, and how China's rapid and successful 'late industrialization' does not fit orthodox economic theories. The book provides a detailed illustration of these wider issues with a case study of the auto industry."--Jacket This text considers the "late industrialization" of China, showing how government policies have encouraged the development of 120 "national champions" (akin to Japanese keiretsu and South Korean chaebol), how these "national champions" compete with multinational enterprises, and how China's rapid and successful "late industrialization" does not fit orthodox economic theories. The book provides a detailed illustration of these wider issues with a case study of the auto industry