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Globalizing Chinese Business Firms: Where are They Coming From, Where are They Heading?

In: Globalization of Chinese Business Firms

Author

Listed:
  • Henry Wai-chung Yeung
  • Kris Olds

Abstract

In a widely-read Harvard Business Review article, John Kao (1993) concluded that Chinese business and its ‘worldwide web’ will become a major force in the global economy in the next millennium. Similarly, Joel Kotkin argued in Tribes: How Race, Religion and Identity Determine Success in the New Global Economy that by the early twenty-first century, ‘the Chinese global tribe likely will rank with the British-Americans and the Japanese as a driving force in transnational commerce’ (Kotkin, 1992, p. 9). Despite the 1997/8 Asian economic crisis, it appears that current thinking in global business reveals a serious reappraisal of the economic potential of Chinese business and its associated organizations and institutions. The Weberian thesis on the inherent limits to the growth of Chinese business and societies has been subject to fundamental challenges by recent studies (for example, Hamilton, 1996a; Whyte, 1996; Olds and Yeung, 1999). Scholars of contemporary Chinese business affairs have been forced to recognize the economic success of the ‘overseas Chinese’1 and their business firms in the host countries throughout East and Southeast Asia. Once established in host countries, Chinese business firms have extended their business operations and ‘bamboo networks’ across national boundaries, forming an increasingly global web of economic relations. These developments underscore the significance of a recent phenomenon in Chinese business — the globalization of Chinese business firms.

Suggested Citation

  • Henry Wai-chung Yeung & Kris Olds, 2000. "Globalizing Chinese Business Firms: Where are They Coming From, Where are They Heading?," Palgrave Macmillan Books, in: Henry Wai-chung Yeung & Kris Olds (ed.), Globalization of Chinese Business Firms, chapter 1, pages 1-28, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-59992-5_1
    DOI: 10.1057/9780230599925_1
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    Citations

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    Cited by:

    1. Urmas Varblane & Tõnis Mets, 2010. "Entrepreneurship education in the higher education institutions (HEIs) of post‐communist European countries," Journal of Enterprising Communities: People and Places in the Global Economy, Emerald Group Publishing Limited, vol. 4(3), pages 204-219, August.
    2. ten Brink, Tobias, 2010. "Strukturmerkmale des chinesischen Kapitalismus," MPIfG Discussion Paper 10/1, Max Planck Institute for the Study of Societies.
    3. Heidi Dahles, 2010. "Ethnic Chinese enterprises and the embeddedness of failure," Journal of Enterprising Communities: People and Places in the Global Economy, Emerald Group Publishing Limited, vol. 4(2), pages 184-198, June.
    4. Bas Karreman & Martijn J. Burger & Frank G. van Oort, 2017. "Location Choices of Chinese Multinationals in Europe: The Role of Overseas Communities," Economic Geography, Taylor & Francis Journals, vol. 93(2), pages 131-161, March.
    5. Gao, Ting, 2003. "Ethnic Chinese networks and international investment: evidence from inward FDI in China," Journal of Asian Economics, Elsevier, vol. 14(4), pages 611-629, August.

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