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Selling China: Foreign Direct Investment During The Reform Era (Cambridge Modern China S.)

Selling China: Foreign Direct Investment During The Reform Era (Cambridge Modern China S.)

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  • ISBN:9780521608862
  • Editorial: Cambridge University Press
  • Fecha de la edición:
  • Colección: Cambridge Modern China Series
  • Encuadernación:Rústica
  • Dimensiones: 0 cm x 23 cm
  • Nº Pág.:406
  • Idiomas:Ingles,Inglés

Materias:

In this book, Yasheng Huang makes a provocative claim: the large absorption of foreign direct investment (FDI) by China is a sign of some substantial weaknesses in the Chinese economy. The primary benefits associated with China's FDI inflows are concerned with the privatization functions supplied by foreign firms, venture capital provisions to credit-constrained private entrepreneurs, and promotion of interregional capital mobility. Huang argues that one should ask why domestic firms cannot supply the same functions. China's partial reforms, while successful in increasing the scope of the market, have so far failed to address many allocative inefficiencies in the Chinese economy.

1. Introduction; 2. An analytical framework; 3. Uncompetitiveness of indigenous firms; 4. Constraints on private firms and FDI; 5. SOEs and insolvency-induced FDI; 6. Economic fragmentation and FDI; 7. Conclusion.

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