Institutions and Investments : Foreign Direct Investment in China During an Era of Reforms

Provides an in-depth look at how China's financial institutions interact with foreign investment | As China continues to be heralded as a rising economic power, the need for an understanding of its institutional effects—such as investment-related policies, regulations, and laws—on foreign direct investment increases as well. Institutions and Investments employs interdisciplinary perspectives from economics, business, law, and political science to shed light on the interaction between institutional changes and investment patterns and to form a clear picture of investment behavior as China's legal and regulatory infrastructure has developed over the reform years. Organized into three main parts, the book first discusses the evolution and nature of China's FDI regulatory framework. Part 2 examines the various modes and variant patterns of FDI in China in the reform years. Part 3's central task is to demonstrate a systematic link between institutional changes in China's FDI regulatory framework and the changing patterns of FDI. In conclusion, Jun Fu finds that China has made substantial progress from a command economy to a market system, but that it still has a long way to go before it truly attains a transparent and rule-based system. This book adds new dimensions to the scholarship on China as a growing economic power and will be of particular interest to international economists, political scientists, and business scholars studying China. Jun Fu is Associate Professor in the School of Economics and Management, Tsinghua University. "This book represents an effort to systematically demonstrate a causal relationship between institutional developments and investment behavior through the prism of foreign direct investment in China during the past two decades of reforms.". "The book is organized into three main parts. The first part examines in detail the main building blocks, both the domestic and international dimension, of China's FDI regulatory framework as it has evolved over these years. The second part describes and analyzes, in both static and dynamic fashions, the various modes and changing patterns of FDI over the reform years. The third part demonstrates a systematic causal link between institutional changes in China's FDI regulatory framework and the changing patterns of FDI over time and space." "The book is suitable not only for scholars and students of international economics, political science, law, and business in general, but also for China specialists, including policymakers and business executives."--BOOK JACKET.