China Rules: Globalization and Political Transformation
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The development of the Chinese MNC is a new feature of globalization, one that will undoubtedly change the world. Why Chinese firms internationalize, how they do so, and what the impact of their internationalization on developed markets will be are the foci of this book.
has characterized the period from 2003 to 2004, just after the announcement of an EU–China “Strategic Partnership” as the “honeymoon period” where consensus seemed possible, one which is now being followed by an “adjustment period” as both sides realize the complexity of building such a partnership between two actors with differing values and economic interests (Men, 2008). As the Center for European Reform, a London based think-tank has pointed out, “the EU will still struggle to build a
Business research” (September 2006). In August 2008 he received the Academy of Management International Management Division, Booz Allen Hamilton Strategy and Business Eminent Scholar in Management Prize. Dr. Julian Chang is Executive Director of Asia Programs at Harvard University’s John F. Kennedy School of Government’s Ash Institute for Democratic Governance and Innovation. He received his Ph.D. from the Department of Government at Harvard University. He spent five years at Stanford prior to
years. Dr. Ge was visiting Assistant Professor at the City University of Hong Kong in 2006. Her work appeared in, among others, Asia Pacific Journal of Management, Human Resource Management, Journal of Global Marketing, and International Journal of Human Resource Management. Her current research focuses on the internationalization and innovation capabilities of Chinese firms. Dr. Tarun Khanna is the Jorge Paulo Lemann Professor at the Harvard Business School, where he has studied companies and
had offshore oil production facilities comparable to other Western offshore producers. To some extent, the strengths and weaknesses of each company reflect 20 years of reorganization based on a variety of bureaucratic rationales as well as industrial pragmatism. The Chinese Sisters The term “Chinese Sisters” is used in reference to the Seven Sisters that dominated the oil industry until the mid-twentieth century: Standard Oil of New Jersey, Standard Oil Company of New York, Standard Oil of
of China, the State Planning Commission and the State Council (IMF, various years). Once a foreign exchange usage application had been approved by SAFE, an investment project application had to be made to MOFCOM or to the NDRC. Projects of an investment value of less than US $10 million could be approved by MOFCOM. All other investment projects had to receive NDRC endorsement (Zhang, 2003). The application involved the submission of the following documentation: a feasibility study, a certificate