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The Challenge Of Globalization For Large Chinese Firms

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  • Peter Nolan
  • Jin Zhang

Abstract

As China joins the World Trade Organization, the author questions whether China’s large firms will be able to compete on the global level playing field. Over the past two decades, Chinese large enterprises have undertaken extensive evolutionary change but, at the same time, the world’s leading firms have undergone a revolutionary transformation. Based on analysis of firms with the aerospace, oil and petrochemical industry, the authors conclude that China’s leading firms face critical challenges, even in sectors in which China’s policy makers have scored significant successes.

Suggested Citation

  • Peter Nolan & Jin Zhang, 2002. "The Challenge Of Globalization For Large Chinese Firms," UNCTAD Discussion Papers 162, United Nations Conference on Trade and Development.
    • Handle: RePEc:unc:dispap:162
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    References listed on IDEAS

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    1. Nolan, Peter, 1996. "Large Firms and Industrial Reform in Former Planned Economies: The Case of China," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 20(1), pages 1-29, January.
    2. Peter Nolan, 2002. "China and the global business revolution," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 26(1), pages 119-137, January.
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