The Chinese And Indian Corporate Economies: A Comparative History Of Their Search For Economic Renaissance And Globalization (routledge Studies In The Growth Economies Of Asia)

This is a compelling analysis of the corporate economies of China and India, which are having a huge impact not just on the international economy, but also in the geopolitical and international strategy sphere as a result of an accelerated globalisation by these two countries, which is unleashing powerful economic challenges to corporate structures, economic institutions and law worldwide. The big question is how after centuries of underdevelopment China and now India are emerging powerfully and pulling ahead of Western European economies. Analysing the role of the state and the adroit use of law, and their impact on the corporate evolution of both China and India, provides greater clarity and insight into why China has evolved as a manufacturing nation utilizing cheap abundant labour while India has not exploited such advantages but instead focused on IT and higher value industries, even abroad as Tata has demonstrated in the motor industry in Europe. Again while Chinese corporations have expanded abroad as an arm of the state into Asia, Middle East, Africa, Europe, Latin America and parts of the southern states of the USA, India has pushed principally into Europe through the efforts of powerful minority capitalists of Parsi and Gujerati background, overcoming technological gaps and differences through acquisitions and absorptions of existing corporations in particular industries, especially in steel, automobiles and textiles. In China, state owned corporations have been dominant. In India, though state owned enterprises have been powerful since 1951, it has been private capitalists with an established stronghold since the colonial period and even under the Socialist period from 1951-1991 who have been the more productive main actors both in India and abroad.-- Provided by Publisher This Is A Compelling Analysis Of The Corporate Economies Of China And India, Which Are Having A Huge Impact Not Just On The International Economy, But Also In The Geopolitical And International Strategy Sphere As A Result Of An Accelerated Globalisation By These Two Countries, Which Is Unleashing Powerful Economic Challenges To Corporate Structures, Economic Institutions And Law Worldwide. The Big Question Is How After Centuries Of Underdevelopment China And Now India Are Emerging Powerfully And Pulling Ahead Of Western European Economies. Analysing The Role Of The State And The Adroit Use Of Law, And Their Impact On The Corporate Evolution Of Both China And India, Provides Greater Clarity And Insight Into Why China Has Evolved As A Manufacturing Nation Utilizing Cheap Abundant Labour While India Has Not Exploited Such Advantages But Instead Focused On It And Higher Value Industries, Even Abroad As Tata Has Demonstrated In The Motor Industry In Europe.again While Chinese Corporations Have Expanded Abroad As An Arm Of The State Into Asia, Middle East, Africa, Europe, Latin America And Parts Of The Southern States Of The Usa, India Has Pushed Principally Into Europe Through The Efforts Of Powerful Minority Capitalists Of Parsi And Gujerati Background, Overcoming Technological Gaps And Differences Through Acquisitions And Absorptions Of Existing Corporations In Particular Industries, Especially In Steel, Automobiles And Textiles. In China, State Owned Corporations Have Been Dominant. In India, Though State Owned Enterprises Have Been Powerful Since 1951, It Has Been Private Capitalists With An Established Stronghold Since The Colonial Period And Even Under The Socialist Period From 1951-1991 Who Have Been The More Productive Main Actors Both In India And Abroad.-- Rajeswary Ampalavanar Brown. Includes Bibliographical References (pages 455-466) And Index. Cover 1 Title 6 Copyright 7 Dedication 8 Contents 10 List of tables 12 List of charts 14 Preface 15 Abbreviations 17 1 Two major Asian peripheries, China and India, and their distinct corporate economies: The silent tongue of “one Asia or many” 20 2 The restructuring of China’s state-owned enterprises since 1978 49 3 Chinese retailers abroad and Chinese consumption patterns at home: The prosperous age of Prada and a sorcery of branded luxury 85 4 The silent vulgar tongue: Guanxi and trust in Chinese corporations 96 5 Financial reform in China: Banking, state and efficiency 103 6 The development of the Chinese stock market and globalization of China’s corporations and financial markets 134 7 The role of labour in agrarian and industrial dynamics of change 172 8 Utilitarian blindness to innovation mistaken for sight in China’s search for and acquisition of Western magic pagodas 205 9 China and globalization: Strategy and scope 222 10 Corporate institutions and law in India: State, space and the capitalists 253 11 Tata & Sons: Appropriating and keeping the state in space 301 12 Indian financial institutions: Law, renaissance, illusions and realities 321 13 Rethinking the corporate and financial institutions of Islam through the moral economy of the waqf 369 14 From empire to independence to economic liberalism and globalization: Indian labour’s journey 396 15 The Chinese and Indian corporate economy: A radical construction of law, the state and corporations 431 Conclusion: State evasion, the unruly and legal porousness 456 Glossary 472 Bibliography 474 Index 486