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China's spectacular rise challenges established economic moulds, both at the national level, with the concept of "state capitalism", and at the firm level, with the notion of indigenous "Chinese management practices". However, both Chinese and Western observers emphasise the transitional nature of the reforms, thereby leaving open the question as to whether China's reform process is really a fast catch-up process, with ultimate convergence to global standards, or something different. This book, by a leading economist and sinologist, argues that "culture" is an exceptionally useful tool to help understand fully the current picture of the Chinese economy. Drawing on a range of disciplines including social psychology, cognitive sciences, institutional economics and Chinese studies, the book examines long-run path dependencies and cultural legacies, and shows how these contribute crucially to the current cultural construction of economic systems, business organisations and patterns of embedding the economy into society and politics.
Since the 2008 global economic crisis, East Asian economies have faced a number of macroeconomic issues including China’s new growth model, the middle-income trap in developing East Asian countries, and the growing natural fibre market and its socio-economic implications. This book addresses these key topical issues which East Asian economies are facing today. Written by international experts in the area of Asian economics and business, it presents the most recent macroeconomic outlook in the region and then goes on to analyse a number of business corporations and industry-related cases, focussing on the theme of firms’ strategies. Examining the links between environmental and financial performance, corporate social responsibility and the transfer of environmental management, financial accounting standards, the relationship between corporate sustainability activities and corporate profit, and the different cultural approaches towards business ethics, this book provides both practical strategies and new theoretical insights. As such it will appeal to students, scholars and practitioners interested in Asian business and economics.
The clothing industry provides employment for 60 million workers worldwide. More than a quarter of these workers are employed in the Asia-Pacific region, where the industry is based on subcontracted production on behalf of international buyers. Rapid movements of manufacturing activity from country to country in search of cost advantages make clothing workers part of a globalizing labour market where they increasingly suffer from job insecurity. This book presents carefully researched case studies which highlight the ways in which labour is informalized, fragmented and made disposable by the globalization of production. Chapters address issues pertaining to rights and citizenship, and new fo...
This book examines the diffusion of economic ideas in East Asia, assessing the impact of external ideas on internal theory and practice. It considers economists from Adam Smith onwards, including Marx, Keynes, Hayek and contemporary economists, and covers the subject both historically and also includes present day and likely future developments. The book covers all the major countries of East Asia, and pays particular attention to specific economists who have had a strong impact in specific countries, and to important developments in economic theory in East Asia, exploring how far these have been driven by Western economic ideas. This book will be welcomed by students and scholars of East Asia and South-east Asia, as well as those interested in economics, economic history and management.
Economic growth in Asia over the past half century has led to significant changes in societies, business organization and the nature of work. This has been accompanied by the rise in some countries of trade unions and also of employers’ associations. This book explores the nature of employers’ associations in the major countries of Asia. It considers how employers’ associations have developed in recent decades, how changes in market structures and the profile of economies have affected employers’ associations, how employers’ associations deal with issues to do with pay and employment conditions, and how they interact with regulation and the state. The book shows how the differing political and institutional contexts of different countries, and different economic conditions, greatly affect the nature of employers’ associations and also the wider context of labour markets and trade unions.
This is a compelling analysis of the corporate economies of China and India, which are having a huge impact not just on the international economy, but also in the geopolitical and international strategy sphere as a result of an accelerated globalisation by these two countries, which is unleashing powerful economic challenges to corporate structures, economic institutions and law worldwide. The big question is how after centuries of underdevelopment China and now India are emerging powerfully and pulling ahead of Western European economies. Analysing the role of the state and the adroit use of law, and their impact on the corporate evolution of both China and India, provides greater clarity a...
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The Gospel accounts of the transfiguration of Jesus continue to puzzle the average reader. The purpose of this book is to address some of the perplexing issues surrounding the event, and to explain the significance of the transfiguration, particularly in Matthew's Gospel. It demonstrates that Matthew's account of the event is to be seen in the context of first-century controversy between Christians and Jews about Jesus and Moses, with the Jews emphasizing Moses' greatness and Matthew portraying the transfiguration within Moses-Sinai categories and also in terms of the enigmatic Son of Man figure in Daniel 7. Possible influence of the transfiguration event is also seen elsewhere, particularly in 2 Corinthians 3 and 4, where, the author argues, Paul uses his Damascus road experience as a counter to his opponents' emphasis on the law and Peter's witness to Jesus' transfiguration.