IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-981-33-4520-1_2.html
   My bibliography  Save this book chapter

Rapid Entry and Development of Enterprises

In: Economic Lessons from China’s Forty Years of Reform and Opening-up

Author

Listed:
  • David Daokui Li

    (An Academic Center for Chinese Economic Practice and Thinking (ACCEPT), Tsinghua University)

  • Keaobo Li

    (An Academic Center for Chinese Economic Practice and Thinking (ACCEPT), Tsinghua University)

  • Xingye Jin

    (Central University of Finance and Economics)

  • Hongling Wang

    (An Academic Center for Chinese Economic Practice and Thinking (ACCEPT), Tsinghua University)

  • Xiang Xu

    (Central University of Finance and Economics)

  • Kun Lang

    (School of Economics and Management, Tsinghua University)

Abstract

Governmental assistance in the rapid entry and development of enterprises has been a direct impetus for the rapid economic growth of China. The development and success of enterprises depend greatly on the role of the “visible hand” of local governments. Governments at all levels, especially at the local level, can guide the coordinated development of both upstream and downstream industries by continuously helping new enterprises solve practical problems in terms of land, labor, and transportation coordination. Based on the aforementioned basic facts and history of enterprise entry and development, we arrive at the following two economic conclusions: first, during the process of reform and opening up, incentives for governments to cultivate and assist enterprises were of utmost importance for enterprise entry and development; second, since local governments were subject to a certain amount of blindness and limitation, they occasionally made some irrational decisions in the process of assisting enterprises with their entry and development. A corresponding restrictive system should be put in place to regulate local governments’ behavior as they help with enterprise entry and development.

Suggested Citation

  • David Daokui Li & Keaobo Li & Xingye Jin & Hongling Wang & Xiang Xu & Kun Lang, 2021. "Rapid Entry and Development of Enterprises," Springer Books, in: David Daokui Li (ed.), Economic Lessons from China’s Forty Years of Reform and Opening-up, pages 9-39, Springer.
    • Handle: RePEc:spr:sprchp:978-981-33-4520-1_2
    DOI: 10.1007/978-981-33-4520-1_2
    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.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Guttman-Kenney, Benedict & Firth, Chris & Gathergood, John, 2023. "Buy now, pay later (BNPL) ...on your credit card," Journal of Behavioral and Experimental Finance, Elsevier, vol. 37(C).

    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:spr:sprchp:978-981-33-4520-1_2. 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.springer.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.