Changing Lanes in China: Foreign Direct Investment, Local Governments, and Auto Sector Development
Changing Lanes in China: Foreign Direct Investment, Local Governments, and Auto Sector Development
Cambridge University Press | January 16, 2006 | English | ISBN : 0521843820 | 344 pages | PDF | 1.8MB
Cambridge University Press | January 16, 2006 | English | ISBN : 0521843820 | 344 pages | PDF | 1.8MB
This book addresses two of the most important trends in political economy during the last two decades–globalization and decentralization–in the context of the world's most rapidly growing economic power. The development of the Chinese auto industry is a classic example of China's efforts to re-make inefficient and technologically backward Chinese firms into powerful national champions, and it is an industry on which many of the world's most powerful multinationals have staked their future. The intent of the book is to provide a better understanding of how local political and economic institutions shape the ability if Chinese state-owned firms to effectively utilize foreign direct investment