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China and the global business revolution

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  • Peter Nolan

Abstract

As China joins the World Trade Organisation, the author questions whether China's large firms will be able to compete on the global level playing field. Over the past two decades, Chinese large enterprises have undertaken extensive evolutionary change (comparable to that of other latecomer countries such as Korea, Taiwan and Singapore) but, at the same time, the world's leading firms have undergone a revolutionary transformation. Based on analysis derived from case studies made in the course of the China Big Business Programme at the Judge Institute of Management Studies, Cambridge, the author concludes that China's large firms have not caught up with the world's leading businesses. Copyright 2002, Oxford University Press.

Suggested Citation

  • Peter Nolan, 2002. "China and the global business revolution," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 26(1), pages 119-137, January.
    • Handle: RePEc:oup:cambje:v:26:y:2002:i:1:p:119-137
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    Cited by:

    1. Gloria Ge & Daniel Ding, 2008. "A strategic analysis of surging Chinese manufacturers: The case of Galanz," Asia Pacific Journal of Management, Springer, vol. 25(4), pages 667-683, December.
    2. Jiang, Shisong & Gong, Limin & Wang, Hua & Kimble, Chris, 2016. "Institution, strategy, and performance: A co-evolution model in transitional China," Journal of Business Research, Elsevier, vol. 69(9), pages 3352-3360.
    3. Yao, Shujie & Wei, Kailei, 2007. "Economic growth in the presence of FDI: The perspective of newly industrialising economies," Journal of Comparative Economics, Elsevier, vol. 35(1), pages 211-234, March.
    4. Cardoza, Guillermo & Fornes, Gaston & Farber, Vanina & Gonzalez Duarte, Roberto & Ruiz Gutierrez, Jaime, 2016. "Barriers and public policies affecting the international expansion of Latin American SMEs: Evidence from Brazil, Colombia, and Peru," Journal of Business Research, Elsevier, vol. 69(6), pages 2030-2039.
    5. Gülçin BEKEN, 2015. "Anadolu International Conference in Economics (Econanadolu 2015)," Turkish Economic Review, KSP Journals, vol. 2(2), pages 139-140, June.
    6. Xiaolan Fu & Peter J. Buckley & Diego Sanchez-Ancochea & Ines Hassan, 2022. "The world has a unique opportunity: Accelerating technology transfer and vaccine production through partnerships," Journal of International Business Policy, Palgrave Macmillan, vol. 5(3), pages 406-415, September.
    7. Günseli Berik & Yana Van Der Meulen Rodgers, 2010. "Options for enforcing labour standards: Lessons from Bangladesh And Cambodia," Journal of International Development, John Wiley & Sons, Ltd., vol. 22(1), pages 56-85.
    8. Fu, Xiaolan, 2004. "Limited linkages from growth engines and regional disparities in China," Journal of Comparative Economics, Elsevier, vol. 32(1), pages 148-164, March.
    9. Berhanu Abegaz, 2005. "The Diversified Business Group as an Innovative Organizational Model for Large State-Enterprise Reform in China and Vietnam," Working Papers 13, Department of Economics, College of William and Mary.
    10. Chi Mai Nguyen & Jae-Yong Choung, 2020. "Scientific knowledge production in China: a comparative analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 124(2), pages 1279-1303, August.
    11. Pei Sun, 2005. "Industrial policy, corporate governance, and the competitiveness of China's national champions: The case of Shanghai Baosteel Group," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 3(2), pages 173-192.
    12. Rekha Rao-Nicholson & Catherine Cai, 2020. "The effects of ownership identity on corporate diversification strategy of Chinese companies in foreign markets," Asia Pacific Journal of Management, Springer, vol. 37(1), pages 91-126, March.
    13. Peter Nolan & Jin Zhang, 2002. "The Challenge Of Globalization For Large Chinese Firms," UNCTAD Discussion Papers 162, United Nations Conference on Trade and Development.
    14. Khosa,Amrinder & Ahmed,Kamran & Henry,Darren, 2019. "Ownership Structure, Related Party Transactions, and Firm Valuation," Cambridge Books, Cambridge University Press, number 9781108492195, October.

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