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Views on the Enterprise Organization System Construction

In: Westernization Movement and Early Thought of Modernization in China

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  • Jianbo Zhou

    (Peking University)

Abstract

To raise enough capital for economic development, Western companies designed a joint-stock system of operations. Approving this mode of operation, the Westernization Group thought that as “many a little makes a mickle,” the approach would address the scarcity of capital in China’s modernization attempts, and as such, should be promoted. However, the joint-stock company system was closely linked with advanced large-scale socialized production. However, the Westernization Group underestimated the challenge they will face caused by the complex stock ownership structure. When the joint-stock company system was introduced in China, it was not adapted to the country’s traditional heritage system, values, and customs. The Westernization Group explored this advanced approach further to ensure it took root in China, and this chapter will discuss the thoughts behind these approaches.

Suggested Citation

  • Jianbo Zhou, 2022. "Views on the Enterprise Organization System Construction," Palgrave Studies in Economic History, in: Westernization Movement and Early Thought of Modernization in China, chapter 0, pages 175-218, Palgrave Macmillan.
    • Handle: RePEc:pal:palscp:978-3-030-86985-4_10
    DOI: 10.1007/978-3-030-86985-4_10
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