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Chinese Macroeconomic Reforms and the Japanese Model: Implications for Japanese Companies

In: Perspectives on Economic Integration and Business Strategy in the Asia-Pacific Region

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  • Robert Taylor

Abstract

In 1992 China’s macroeconomic reforms, initiated in 1978, were intensified. Such reforms have been designed to hasten the transition to a market economy and provide an attractive environment for foreign investment China is the world’s fastest-growing economy and that rapid growth is often attributed to an authoritarian political tradition and a social cohesion born of Confucianism which China shares with such successful modernizers as the so-called ‘four dragons’ or ‘tigers’ of Taiwan, Hong Kong, Singapore and South Korea as well as, more importantly, Japan. Given richer natural resource endowments and a larger population, China will pursue a developmental path necessarily different, even though the Chinese leaders are targeting elements of Japan’s economic experience as worthy of emulation.

Suggested Citation

  • Robert Taylor, 1997. "Chinese Macroeconomic Reforms and the Japanese Model: Implications for Japanese Companies," Palgrave Macmillan Books, in: Sam Dzever & Jacques Jaussaud (ed.), Perspectives on Economic Integration and Business Strategy in the Asia-Pacific Region, chapter 9, pages 157-171, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-25641-9_9
    DOI: 10.1007/978-1-349-25641-9_9
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