IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-137-51402-8_8.html
   My bibliography  Save this book chapter

Conclusion

In: Localizing Global Finance: The Rise of Western-Style Private Equity in China

Author

Listed:
  • Justin Robertson

Abstract

Global business models are replicated in new settings when a set of local elites brings together deep ties to the global economy and political capital in the domestic political economy. This central argument is restated in the final chapter with a discussion on the significance of Western financial models coexisting with relationship-based business. Possible future scenarios are raised that include a backlash against relationship-based business/princelings and the possible replacement of returnees by locally trained elites. These scenarios are considered to be unlikely in the short-medium term. Finally, the next step in the broader research agenda are laid out: assessing whether or not other new financial forms match replica localization in China and other national settings. Preliminary evidence on investment banking offers support for the replica localization model.

Suggested Citation

  • Justin Robertson, 2015. "Conclusion," Palgrave Macmillan Books, in: Localizing Global Finance: The Rise of Western-Style Private Equity in China, chapter 8, pages 78-88, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-51402-8_8
    DOI: 10.1057/9781137514028_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-137-51402-8_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.