Item description for China And Capitalism: A History of Business Enterprise in Modern China (Understanding China: New Viewpoints on History and Culture) by David Faure...
Written by one of the most distinguished experts on China's economic and business history, "China and Capitalism" provides a highly original and at the same time clear and readable approach to understanding the development of business in China from 1500 to the 1990s. David Faure then uses the picture he has assembled to shed new light on the strengths and weaknesses of Chinese business today. The book is written to be accessible to people with little background in China or Chinese business practice. Faure describes three phases in the development of Chinese business from the sixteenth to the twentieth century. In the traditional phase, from the sixteenth to the eighteenth century, Chinese business relied on contracts as well as on ritual propriety. In the modernizing phase, from the second half of the nineteenth century to the first half of the twentieth century, Chinese business had to adapt to the introduction of company law and legal standards of accounting. In the contemporary phase, from the middle of the twentieth century to the present day, China emerged from a control economy to a vibrant market by embracing once again the changes introduced in the modernizing phase. General readers, including students and teachers in courses touching on but not primarily devoted to the Chinese experience, will find in this book the most comprehensive account of China's business development in the last five centuries and many insights into the workings of China's modern business scene. Specialist readers will find a highly original approach to the history of business in China.
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Studio: Hong Kong University Press
Est. Packaging Dimensions: Length: 8.35" Width: 5.43" Height: 0.39" Weight: 0.4 lbs.
Release Date Feb 28, 2006
Publisher Hong Kong University Press
ISBN 9622097847 ISBN13 9789622097841
Availability 0 units.
More About David Faure
David Faure is Professor of History at the Chinese University of Hong Kong. He is the coeditor of "Down to Earth: The Territorial Bond in South China" (Stanford University Press, 1995).
David Faure has an academic affiliation as follows - Chinese University of Hong Kong University of Hong Kong Chinese Univer.
Reviews - What do customers think about China And Capitalism: A History of Business Enterprise in Modern China (Understanding China: New Viewpoints on History and Culture)?
Illuminating.....startling...about the history of China economy and business firms since the modern era Apr 3, 2010
What distinguishes this book from others about China and Capitalism is that Professor Faure has maintained that China economy since the eighteenth century has lagged behind their western counterparts because the institutional environment does not fit into the modern form of capitalist economy.
Following North's proposition that economic development is constrined by the institutional environment in which entrepreneurs are embedded into formal and informal institutions, norms, and rules, Professor Faure has attempted to dispel the widely-held belief that Confucianism is either the 'fetter' or the 'engine' of the development of modern form of capitalist economy in China. During the Qing dynasty, he has maintained that the banking system was not well established and a paucity of industrial and commercial regulations was enacted to allow the emergence of sizeable firms and to be conducive to large-scale infrastructure projects and industrialization. Moreover, Professor Faure has further argued that that economic reform in China since 1978 is a result of institutional changes initiated by the Communist party which have recognized private property of ownership and replaced Marxist concept of residual value with generation of new wealth via entrepreneurial activity.
This book is relevant to readers who are interested in understanding the institutional history of China economy and business firms in the modern and contemporary era