The Rise of China, Inc.
How the Chinese Communist Party Transformed China into a Giant Corporation
£30.99
- Author: Shaomin Li, Old Dominion University, Virginia
- Date Published: January 2022
- availability: In stock
- format: Paperback
- isbn: 9781009074926
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Leveraging its absolute power, low human rights advantage, and tolerance by other countries, the Chinese Communist Party has transformed China into a giant corporation. Living and working is not a right, but a privilege granted by the party. State-owned firms are business units or subsidiaries, private firms are joint ventures, and foreign firms are franchisees of the party. 'China, Inc.' enjoys the agility of a firm and the vast resources of a state. Meanwhile, foreign firms competing with Chinese firms can find themselves matched against the mighty Chinese state. The Rise of China, Inc. will interest many readers: it will compel business scholars to rethink state-firm relationships; assist multinational business practitioners in formulating effective strategies; aid policy-makers in countering China's expansion; and inform the public of the massive corporate organisation China has become, and how democracies can effectively deal with it.
Read more- Reveals how the Chinese Communist Party runs China as a giant corporation
- Explains why counterfeits and unsafe products persist in China
- Helps democracies to correctly assess their strengths and weaknesses in dealing with China
Reviews & endorsements
'The Rise of the China Inc. probes the political foundations of China's state-capitalism and provides an original explanation of why this system contains the seeds of its destruction even as it undermines the liberal global economic order. Shaomin Li's admirable ability to analyze how the institutions of a one-party regime shape business environment and corporate decisions has produced refreshing insights into the strengths and weaknesses of the world's new economic superpower.' Minxin Pei, Professor of Government, Claremont McKenna College
See more reviews'Shaomin Li is one of the most well-versed and nuanced scholars writing on China today. This book reflects more than 30 years of both lived experience and scholarship. It is a timely analysis that should be devoured by any scholar, politician, policy maker and business leader wanting to understand 21st Century China.' Timothy M. Devinney, Chair and Professor of International Business, Alliance Manchester Business School
'In this deeply researched volume, Li argues that the Chinese Communist Party's rule presents an entirely new challenge to democracies since, unlike the Axis powers in World War II or the USSR in the Cold War, China is closely intertwined with them both economically and socially. Because China relies on these democracies for markets, they must unite to press for the changes they desire, even to the point of delinkage if China does not yield.' June Teufel Dreyer, Professor, Department of Political Science, University of Miami
'The rise of China as a global superpower presents a challenge for scholars and managers. Dr. Li presents a new perspective to understand the unique political and economic system of modern China, the state governing the entire economy as a large corporation. His decades-long research on social institutions and governance shows that the boundary between the firm and society is unclear. It presents a novel and refreshing view to explain why the Chinese state can be as swift and agile as the firm while corporations act as resourcefully as the state. This new perspective presents a useful framework for multinational corporations and foreign governments to develop successful strategies and effective policies toward China.' Seung Ho Park, President's Chair and Professor of Strategy and International Business, Nanyang Technological University
'China, Inc. provides clear recommendations for corporations to deal with a China that is increasingly inwardly repressive and outwardly aggressive. Li provides a pragmatic view for a world where great power competition is unlike any seen before.' Robert Spalding, Brigadier General (Ret.), USAF, and senior fellow at the Hudson Institute
'Are the modern democracies safe? Having survived a hot war with the Axis Powers and a Cold War with the Soviet Union, they now face a challenge from what Shaomin Li astutely calls 'China, Inc.' – a huge autocracy that is run like a corporation. China, Inc. is in some ways as frightening as its two twentieth-century predecessors but is a different kind of animal. It is more intertwined with the democracies, and the battle fronts are more psychological than physical. Accordingly, Li accompanies his wake-up call with some practical advice.' Perry Link, Chancellorial Chair for Teaching Across Disciplines, University of California, Riverside
'Shaomin Li's work is groundbreaking. Relation-based countries like China operate on a different set of rules set by the international community. Rule of law is replace with rule by law. China's companies are pawns in the Communist government's grand geopolitical game and self-preservation needs. Prof. Shaomin Li provides a clear and concise treatment of the China Inc phenomenon, its origins and consequences. It is a must read to those studying or doing business in China.' Ilan Alon, Professor of Strategy and International Marketing, University of Agder
'A masterpiece in explaining the peculiar convergence – and complicity – of communist dictatorship and capitalist profiteering at the expense of Chinese people's wellbeing and the fate of global democratization. Li's work is a must-read for anyone who cares about human freedom and its predicament presented by the rise of the CCP, Inc.' M. Miles Yu, Professor, Department of History, United States Naval Academy
Customer reviews
23rd Nov 2021 by Mfarr002
This book presents a fresh perspective on China as it pertains to international business and is a must-read for both practitioners and academics in that field. While previous scholarly work on the topic has tended to treat state-run enterprises as wholly distinct from private ones, Li delineates the ways in which all Chinese enterprises (and international firms doing business there) are both constrained and enabled by the goals of the Communist Party. In some instances, they bolster infant industries domestically in a way reminiscent of 1960s Japan, while in others, they punish firms for quoting the Dalai Lama or implying that Taiwan is a separate country. In all, this represents a cohesive strategy for economic and political dominance by the CCP, and when viewed through this lens, previously-unexplained phenomena start to make sense. I predict that the insights in this book will be profitably utilized by international business academics, practitioners, and policymakers for many years to come.
See all reviews13th Dec 2021 by Swils042
Shaomin Li’s new book - The Rise of China, Inc.: How the Chinese Communist Party Transformed China Into a Giant Corporation - is an important contribution to our understanding of how the CCP has been able to marshal the resources of the Chinese nation and guide them toward achieving the Party’s objectives. Through enhancing our knowledge of how the different aspects of contemporary China’s political and economic system work together in ways not commonly utilized in democratic countries, Li’s book helps to illuminate how the various units of China, Inc. – such as state-owned enterprises, private firms, and foreign businesses – are utilized by the central government to achieve the CCP’s goals. In addition to unique and insightful perspectives on internal dynamics within contemporary China, Li also enhances our understanding of the implications of the rise of China, Inc., for the outside world, rival governments, and international firms competing in global markets. This book is highly recommended for those looking to better understand how the unique rise of modern China is set to increasingly change our world.
20th Dec 2021 by Chwillis
This book is another home run from Shaomin Li in explaining why China continues to be successful in their efforts to encompass much of the world. The line between country, party, and the private sector is not just blurry, but often non-existent. The party is not led by a single leader, but rather by the CCP’s culture, ideals, and goals. This has resulted in a Party-Military-Private Sector coordinated effort for global expansion not seen since the colonial times. There are interesting parallels with the lead up to WWII, when other nations were starved for resources, and the situation facing China today. China is trading to gain the raw materials and skills to continue growth of their economic-machine. Professor Li suggests this can be fought with an economic NATO-like collaboration by the democratic world. The premise behind the suggestive policy solutions is sound and well-argued. The question remains, will the democratic world stand up together, or will they wait until it is too late?
Review was not posted due to profanity
×Product details
- Date Published: January 2022
- format: Paperback
- isbn: 9781009074926
- length: 334 pages
- dimensions: 228 x 154 x 19 mm
- weight: 0.51kg
- contains: 17 b/w illus. 13 tables
- availability: In stock
Table of Contents
1. Introduction: Who lost China?
Part I. The Advantage of Low Human Rights:
2. The political foundation of China's competitiveness and its failure to democratize
3. China's legal system is not about the rule of law: The advantages and limits of the relation-based system
4. Mao plus Deng: A highly aggressive and productive culture
Part II. The Rise of China, Inc.:
5. The emergence of China, inc.
6. China's industrial policy as a corporate strategy of China, Inc
Part III. China, inc.'s Achilles' Heel and the World's Response:
7. The Chinese communist party's dilemmas and solutions
8. Open societies versus closed regime: Who needs whom more?
9. Policy and strategic options for the governments and firms in the democracies
References
Index.
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