Subsidies to Chinese Industry
State Capitalism, Business Strategy, and Trade Policy
How did China move so swiftly in capital-intensive industries without labor-cost or scale advantage from bit player to the largest manufacturer and exporter in the world? This book argues that subsidies contributed significantly to China's success. Industrial subsidies in key Chinese manufacturing industries may exceed thirty percent of industrial output. Economic theories have mostly portrayed subsidies as distortive, inefficiently reallocating resources according to non-market criteria. However, China's state-capitalist regime uses subsidies to promote the governments' and the Communist Party of China's interests. Rather than aberrations…
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Produktdetails
Weitere Autoren: Haley, George T.
- ISBN: 978-0-19-933978-5
- EAN: 9780199339785
- Produktnummer: 14822563
- Verlag: Oxford University Press
- Sprache: Englisch
- Erscheinungsjahr: 2013
- Plattform: EPUB
- Masse: 7'139 KB
Über den Autor
Usha Haley is Professor of Management, and Director of the Robbins Center for Global Business and Strategy, West Virginia University.George Haley is Professor of Marketing & International Business, and Director of the Center for International Industry Competitiveness at the University of New Haven
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