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 Chinas economic and business history, China and Capitalism provides a highly original yet clear and readable approach to the development of business in China from 1500 to the 1990s that sheds 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.
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Studio: Hong Kong University Press
Est. Packaging Dimensions: Length: 8.6" Width: 5.6" Height: 0.6" Weight: 0.1 lbs.
Release Date Feb 28, 2006
Publisher Hong Kong University Press
ISBN 9622097839 ISBN13 9789622097834
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