The Future of Chinese Capitalism: Choices and Chances

Gordon Redding and Michael A. Witt, THE FUTURE OF CHINESE CAPITALISM: CHOICES AND CHANCES, Oxford University Press, 2007

12 Pages Posted: 6 Sep 2008 Last revised: 4 Oct 2016

See all articles by Gordon Redding

Gordon Redding

INSEAD

Michael A. Witt

INSEAD; Harvard University, Reischauer Institute

Date Written: 2007

Abstract

Much has been said about the re-emergence of China to its historical position of eminence in the world economy, yet little is understood about the kind of economic system China is evolving. What are the rules of the game of business in today's China, and how are they likely to change over the next decades? The answers to these questions are crucial to business persons formulating strategy toward China, but also for policy-makers concerned with retaining the competitiveness of their nations in the face of Chinese competition and for researchers seeking to gain deeper insights into the workings of economic systems and institutional change. This work sheds much-needed light on these questions. Building on recent conceptual and empirical advances, and rich in concrete examples, it offers a comprehensive and systematic exploration of present-day Chinese capitalism, its component parts, and their interdependencies. It suggests that Chinese capitalism, as practiced today, in many respects represents a development from traditional business practices, whose revival has been greatly aided by the influx of investments and managerial talent from the Regional Ethnic Chinese. On the basis of present trends in the Chinese economy as well as through comparison with four major types of capitalism - those of Germany, Japan, Korea, and the United States - it derives a prediction of the probable development paths of Chinese capitalism and its likely competitive strengths and weaknesses.

Keywords: China, varieties of capitalism, comparative business systems, institutional comparative advantage

Suggested Citation

Redding, Gordon and Witt, Michael A., The Future of Chinese Capitalism: Choices and Chances (2007). Gordon Redding and Michael A. Witt, THE FUTURE OF CHINESE CAPITALISM: CHOICES AND CHANCES, Oxford University Press, 2007, Available at SSRN: https://ssrn.com/abstract=1264275

Gordon Redding (Contact Author)

INSEAD ( email )

Boulevard de Constance
77305 Fontainebleau Cedex
France

Michael A. Witt

INSEAD ( email )

1 Ayer Rajah Avenue
Singapore, 138676
Singapore

HOME PAGE: http://faculty.insead.edu/michael-witt/research

Harvard University, Reischauer Institute

1730 Cambridge Street
Cambridge, MA 02138
United States

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