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The Dynamics of the Globalization of Chinese Business Firms

In: Globalization of Chinese Business Firms

Author

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  • Henry Wai-chung Yeung

Abstract

Globalization is a dynamic process through which activities at different places and regions are increasingly integrated on a global scale. Since the 1960s, the world economy has been globalizing to a much greater extent than before (Ohmae, 1990; Dunning, 1993b; Dicken, 1998; Hirst and Thompson, 1996). The basic driving force behind this ongoing process of globalization is transnational corporations (TNCs) and their cross-border foreign direct investment (FDI). To date, many ethnic Chinese business firms from Hong Kong, Taiwan and Southeast Asian countries have ventured into different locations within the Asia Pacific region. They are rapidly becoming major players in the regional marketplace. Recently, some of them are even globalizing their commercial and manufacturing operations to become a worldwide competitor in such business fields as electronics and garment manufacturing, property development, financial services, hotel chains and so on. The globalization of Chinese business firms from Asia has become more real than ever.

Suggested Citation

  • Henry Wai-chung Yeung, 2000. "The Dynamics of the Globalization of Chinese Business Firms," Palgrave Macmillan Books, in: Henry Wai-chung Yeung & Kris Olds (ed.), Globalization of Chinese Business Firms, chapter 4, pages 75-104, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59992-5_4
    DOI: 10.1057/9780230599925_4
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    Cited by:

    1. Nana de Graaff & Diliara Valeeva, 2021. "Emerging Sino–European Corporate Elite Networks," Development and Change, International Institute of Social Studies, vol. 52(5), pages 1147-1173, September.
    2. Daniel Olivier & Brian Slack, 2006. "Rethinking the Port," Environment and Planning A, , vol. 38(8), pages 1409-1427, August.
    3. David W Edgington & Roger Hayter, 2012. "New Relationships between Japanese and Taiwanese Electronics Firms," Environment and Planning A, , vol. 44(1), pages 68-88, January.
    4. Yifei Sun & Debin Du, 2011. "Domestic Firm Innovation and Networking with Foreign Firms in China's ICT Industry," Environment and Planning A, , vol. 43(4), pages 786-809, April.
    5. Weidong Liu & Peter Dicken, 2006. "Transnational Corporations and ‘Obligated Embeddedness’: Foreign Direct Investment in China's Automobile Industry," Environment and Planning A, , vol. 38(7), pages 1229-1247, July.

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