Post-Transition China

CHINA'S CHANGING WORKPLACE, Peter Sheldon, Sunghoon Kim, Yiqiong Li, and Malcolm Warner, eds., London: Routledge, Forthcoming

INSEAD Working Paper No. 2010/25/EPS/EFE

18 Pages Posted: 17 Apr 2010

See all articles by Gordon Redding

Gordon Redding

INSEAD

Michael A. Witt

INSEAD; Harvard University, Reischauer Institute

Date Written: April 14, 2010

Abstract

Economic activity in China, and indeed anywhere in the world, is embedded in, and shaped by, a complex web of societal factors that in their entirety form what is known as a ‘business system’. The objective of this chapter is to provide a brief exposition of the main business systems present in today’s China - state-owned, private, and local corporate. We begin by explaining the notion of a business system and its component parts and then apply the business systems approach to the case of China. We conclude by posing three major questions for the future evolution of the Chinese business systems, and thus for the future of the Chinese economy more generally.

Keywords: China, State-owned Enterprise, Private Enterprise, Local Corporates, Economic Development, Varieties of Capitalism, Comparative Business Systems, Complex Adaptive Systems

Suggested Citation

Redding, Gordon and Witt, Michael A., Post-Transition China (April 14, 2010). CHINA'S CHANGING WORKPLACE, Peter Sheldon, Sunghoon Kim, Yiqiong Li, and Malcolm Warner, eds., London: Routledge, Forthcoming, INSEAD Working Paper No. 2010/25/EPS/EFE, Available at SSRN: https://ssrn.com/abstract=1590267

Gordon Redding (Contact Author)

INSEAD ( email )

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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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