The Era of Chinese Multinationals

The Era of Chinese Multinationals
Author: Lourdes Casanova,Anne Miroux
Publsiher: Academic Press
Total Pages: 224
Release: 2019-11-12
ISBN 10: 0128170603
ISBN 13: 9780128170601
Language: EN, FR, DE, ES & NL

The Era of Chinese Multinationals Book Review:

Chinese multinationals have grown in size and increased their global presence dramatically over the last decade. They have emerged as formidable competitors for western incumbents. These firms have instigated profound changes, such as displaced trade and investment flows, new business models, and the emergence of a new geography of global innovation. In a single volume, The Era of Chinese Multinationals captures the forces driving the disruptive growth of Chinese multinational corporations. Following a presentation of the surge of Chinese companies, the book turns to corporate characteristics of those firms and how they compare with western multinationals in terms of revenues, profits, branding, and business strategy. The book uses data and case studies to depict the relevant issues with the goal of providing insights to global executives on collaborating and competing with Chinese companies. Covers the Chinese government’s expansionist policies and Chinese firms’ new role as a global acquirer of companies Examines common characteristics of Chinese companies and their efforts to make China an innovation hub Illustrates its analysis with case studies and interviews with corporate executives and experts in multilateral institutions

The Era of Chinese Multinationals

The Era of Chinese Multinationals
Author: Lourdes Casanova,Anne Miroux
Publsiher: Academic Press
Total Pages: 224
Release: 2019-11
ISBN 10: 0128168579
ISBN 13: 9780128168578
Language: EN, FR, DE, ES & NL

The Era of Chinese Multinationals Book Review:

Chinese multinationals have grown in size and increased their global presence dramatically over the last decade. They have emerged as formidable competitors for western incumbents. These firms have instigated profound changes, such as displaced trade and investment flows, new business models, and the emergence of a new geography of global innovation. In a single volume, The Era of Chinese Multinationals captures the forces driving the disruptive growth of Chinese multinational corporations. Following a presentation of the surge of Chinese companies, the book turns to corporate characteristics of those firms and how they compare with western multinationals in terms of revenues, profits, branding, and business strategy. The book uses data and case studies to depict the relevant issues with the goal of providing insights to global executives on collaborating and competing with Chinese companies. Covers the Chinese government's expansionist policies and Chinese firms' new role as a global acquirer of companies Examines common characteristics of Chinese companies and their efforts to make China an innovation hub Illustrates its analysis with case studies and interviews with corporate executives and experts in multilateral institutions

Innovation from Emerging Markets

Innovation from Emerging Markets
Author: Fernanda Cahen,Lourdes Casanova,Anne Miroux
Publsiher: Cambridge University Press
Total Pages: 250
Release: 2021-02-28
ISBN 10: 110848686X
ISBN 13: 9781108486866
Language: EN, FR, DE, ES & NL

Innovation from Emerging Markets Book Review:

In recent years, emerging markets have come to represent the largest share of global GDP and have made gains in economic development and political influence. In turn, emerging market companies have taken on a new level of importance in driving innovation, local development and global competition. Advancing an integrative view that captures the diversity of innovation among companies in emerging markets, this book highlights the rapid evolution of emerging markets from imitators to innovation leaders. Building upon research conducted by the Emerging Multinational Research Network (EMRN) in collaboration with several universities in North and South America, Europe and China, this rich and expansive collection includes studies of innovation in regions yet to receive focused analysis in the field. The authors also re-examine dominant theories of innovation and capability creation based on a broad range of case studies and research insights. Offering a taxonomy of emerging market innovations, this collection reveals the unique drivers, types, and outcomes of innovation in emerging markets.

The Globalization of Chinese Companies

The Globalization of Chinese Companies
Author: Arthur Yeung,Katherine Xin,Waldemar Pfoertsch,Shengjun Liu
Publsiher: John Wiley & Sons
Total Pages: 224
Release: 2011-06-01
ISBN 10: 0470828811
ISBN 13: 9780470828816
Language: EN, FR, DE, ES & NL

The Globalization of Chinese Companies Book Review:

China business experts analyze the next wave of Chinese corporate giants as they emerge into the global marketplace The rise of China and its major corporations will be a key economic development in this century. Even as leading Chinese firms show their muscle through ambitious acquisitions of firms like Thinkpad and RCA, many western investors and business leaders know little or nothing about them. This book looks at the rise of Chinese firms, who they are, how they'll change the global competitive landscape, their strengths and weaknesses, and how established western firms might meet the challenges and opportunities this trend presents. Throughout the book, the authors examine and highlight the major differences between Chinese and western firms, particularly differences related to corporate leadership and organizational structure, how and why they choose M&A targets, global workforces, and political issues like unionization. A comprehensive, expert examination of emerging Chinese global corporations and how they will affect the global economy Ideal for investors and executives of western companies Written by a team of top China business experts and curated by the editor of the Chinese edition of the Harvard Business Review For anyone who wants to understand the future of Chinese companies and the opportunities and challenges their global emergence will present, The Globalization of Chinese Companies offers comprehensive, expert insight.

The Elements of the China Challenge

The Elements of the China Challenge
Author: Office of the Secretary of State
Publsiher: Unknown
Total Pages: 74
Release: 2020-11-18
ISBN 10: 1928374650XXX
ISBN 13: 9798584137205
Language: EN, FR, DE, ES & NL

The Elements of the China Challenge Book Review:

Awareness has been growing in the United States - and in nations around the world - that the Chinese Communist Party (CCP) has triggered a new era of great-power competition. Yet few discern the pattern in China's inroads within every region of the world, much less the specific form of dominance to which the party aspires.The CCP aims not merely at preeminence within the established world order - an order that is grounded in free and sovereign nation-states, flows from the universal principles on which America was founded, and advances U.S. national interests -but to fundamentally revise world order, placing the People's Republic of China (PRC) at the center and serving Beijing's authoritarian goals and hegemonic ambitions.In the face of the China challenge, the United States must secure freedom.China is a challenge because of its conduct. Modeled on 20th-century Marxist-Leninist dictatorship, the CCP eventually spurred rapid modernization and produced prodigious economic growth - thanks in no small measure to the party's decision in the late 1970s to embrace free-market elements and to the decision by the United States and nations around the world to engage, and welcome commerce with, China. The party today wields its economic power to co-opt and coerce countries around the world; make the societies and politics of foreign nations more accommodating to CCP specifications; and reshape international organizations in line with China's brand of socialism. At the same time, the CCP is developing a world-class military to rival and eventually surpass the U.S. military. These actions enable the CCP to credibly pursue the quest - proceeding outward through the Indo-Pacific region and encompassing the globe - to achieve "national rejuvenation" culminating in the transformation of the international order.To understand China's peculiar form of authoritarianism and the hegemonic goals to which it gives rise, it is necessary to grasp the intellectual sources from which China's conduct springs: the CCP's Marxist-Leninist beliefs and the party's extreme interpretation of Chinese nationalism.

China s Offensive in Europe

China s Offensive in Europe
Author: Philippe Le Corre,Alain Sepulchre
Publsiher: Brookings Institution Press
Total Pages: 200
Release: 2016-05-17
ISBN 10: 081572800X
ISBN 13: 9780815728009
Language: EN, FR, DE, ES & NL

China s Offensive in Europe Book Review:

A portrait of China’s new economic passion toward Europe. For years China’s international investment interests focused on a search for natural resources in Africa, Asia, and Latin America. Recently China’s focus has shifted to Europe as well as the United States, and to new fields as diverse as real estate, energy, hospitality, transportation, and heavy industry. Chinese foreign investment is expected to grow throughout Europe in the years to come. For instance, the financial crisis centered in Greece and the fall of the euro have helped China and some of its corporations create a new partnership within the European Union, working to expand the country’s power through finance and infrastructure. China’s Offensive in Europe studies the trends, sectors, and target countries of Chinese investments in Europe. It looks at cases of outbound investment trajectories and journeys by some key Chinese private and state-owned companies. It also takes a look at European perceptions of China, a country with a very different history and very different traditions from the Western world. Philippe Le Corre and Alain Sepulchre examine how China’s presence in Europe can serve as a benchmark to other developed economies—especially the United States, which is also seeing a rise in Chinese investments.

China s Next Strategic Advantage

China s Next Strategic Advantage
Author: George S. Yip,Bruce McKern
Publsiher: Mit Press
Total Pages: 304
Release: 2017-09-08
ISBN 10: 0262534754
ISBN 13: 9780262534758
Language: EN, FR, DE, ES & NL

China s Next Strategic Advantage Book Review:

A book for everyone who does business with China or in China. The history-making development of the Chinese economy has entered a new phase. China is moving aggressively from a strategy of imitation to one of innovation. Driven both by domestic needs and by global ambition, China is establishing itself at the forefront of technological innovation. Western businesses need to prepare for a tidal wave of innovation from China that is about to hit Western markets, and Chinese businesses need to understand the critical importance of innovation in their future. Experts George Yip and Bruce McKern explain this epic transformation and propose strategies for both Western and Chinese companies. This book is for everyone who does business with China or in China, or is interested in the development of the world's fastest-growing economy. Western CEOs can learn from Chinese companies and can create an effective innovation process in China, for China and the world. Chinese CEOs can benefit from understanding the strategies of their peers as they strive to enter foreign markets. And all Western businesses should prepare for disruption from their new competitors. Yip and McKern provide case studies of successful firms, outline ten ways in which the managerial and innovative capabilities of these firms differ from those of Western firms, and describe how multinationals doing business in China can become part of the Chinese ecosystem of new knowledge and technology. Yip and McKern argue that these innovation capabilities will be the basis for creating world-class products and services to meet the challenges of a new era of global competition.

China s Disruptors

China s Disruptors
Author: Edward Tse
Publsiher: Penguin
Total Pages: 272
Release: 2015-07-14
ISBN 10: 0698184114
ISBN 13: 9780698184114
Language: EN, FR, DE, ES & NL

China s Disruptors Book Review:

In September 2014, Chinese e-commerce giant Alibaba raised $25 billion in the world’s biggest-ever initial public offering. Since then, millions of investors and managers worldwide have pondered a fundamental question: What’s really going on with the new wave of China’s disruptors? Alibaba wasn’t an outlier—it’s one of a rising tide of thriving Chinese companies, mostly but not exclusively in the technology sector. Overnight, its founder, Jack Ma, appeared on the same magazine covers as American entrepreneurial icons like Mark Zuckerberg. Ma was quickly followed by the founders of other previously little-known companies, such as Baidu, Tencent, and Xiaomi. Over the past two decades, an unprecedented burst of entrepreneurialism has transformed China’s economy from a closed, impoverished, state-run system into a major power in global business. As products in China become more and more sophisticated, and as its companies embrace domestically developed technology, we will increasingly see Chinese goods setting global standards. Meanwhile, companies in the rest of the world wonder how they can access the fast-rising incomes of China’s 1.3 billion consumers. Now Edward Tse, a leading global strategy consultant, reveals how China got to this point, and what the country’s rise means for the United States and the rest of the world. Tse has spent more than twenty years working with senior Chinese executives, learning firsthand how China’s most powerful companies operate. He’s an expert on how private firms are thriving in what is still, officially, a communist country. His book draws on exclusive interviews and case studies to explore questions such as *What drives China’s entrepreneurs? Personal fame and fortune—or a quest for national pride and communal achievement? *How do these companies grow so quickly? In 2005, Lenovo sold just one category of products (personal computers) in one market, China. Today, not only is it the world’s largest PC seller; it is also the world’s third-largest smartphone seller. *How does Chinese culture shape the strategies and tactics of these business leaders? Can outsiders copy what the Chinese are doing? *Can capitalists really thrive within a communist system? How does Tencent’s Pony Ma serve as a member of China’s parliament while running a company that dominates online games and messaging? *What impact will China have on the rest of the world as its private companies enter new markets, acquire foreign businesses, and threaten established firms in countless industries? As Tse concludes: “I believe that as a consequence of the opening driven by China’s entrepreneurs, the push to invest in science, research, and development, and the new freedoms that people are enjoying across the country, China has embarked on a renaissance that could rival its greatest era in history—the Tang dynasty. These entrepreneurs are the front line in China’s intense hunger for success. They will have an even more remarkable impact on the global economy in the future, through the rest of this decade and beyond.”

China as an Innovation Nation

China as an Innovation Nation
Author: Yu Zhou,William Lazonick,Yifei Sun
Publsiher: Oxford University Press
Total Pages: 360
Release: 2016-02-04
ISBN 10: 0191068012
ISBN 13: 9780191068010
Language: EN, FR, DE, ES & NL

China as an Innovation Nation Book Review:

This volume assesses China's transition to innovation-nation status in terms of social conditions, industry characteristics and economic impacts over the past three decades, also providing insights into future developments. Defining innovation as the process that generates a higher quality, lower cost product than was previously available, the introductory chapter conceptualizes the theory of an innovation nation and the lessons from Japan and Untied States. It outlines the key governance, employment and investment institutions that China must build for such transition to occur, and examines China's challenges and strategies to innovate in the era of global production systems. Two succeeding chapters explain the evolving roles of Chinese state in innovation, and the new landscape of venture capital finance. The remaining chapters provide studies of major industries, which contain analyses of the evolving roles of investment by government agencies and business interests in the process. Included in these studies are traditional industries such as mechanical engineering, railroads, and automobiles; rapidly evolving and internationally highly integrated industries such as information-and-communication-technology (ICT); and newly emerging sectors such as wind and solar energy. Written by leading academics in the field, studies in this volume reveal Chinese innovation as diverse across industries and enterprises and fluid over time. In each sector, we observe continued co-evolution of state policy, market demand, and technology development. The strategies and structures of individual companies and industrial ecosystems are changing rapidly. The sum total of the studies is a great step forward in our understanding of the industrial foundations of China's attempt to become an innovation nation.

China s Gilded Age

China s Gilded Age
Author: Yuen Yuen Ang
Publsiher: Cambridge University Press
Total Pages: 266
Release: 2020-05-31
ISBN 10: 1108478603
ISBN 13: 9781108478601
Language: EN, FR, DE, ES & NL

China s Gilded Age Book Review:

Unbundles corruption into different types, examining corruption as access money in China through a comparative-historical lens.

Multinationals in China

Multinationals in China
Author: S. Zhang,R. Pearce
Publsiher: Springer
Total Pages: 159
Release: 2011-12-02
ISBN 10: 0230365426
ISBN 13: 9780230365421
Language: EN, FR, DE, ES & NL

Multinationals in China Book Review:

Though it's widely understood that inward foreign direct investment has played a major role in mediating China's emergence into the international economic system, how and why MNEs have implemented their involvement as part of their global strategy is less well understood. This book explores the nature of the MNE in this era of globalization.

China and the Global Economy

China and the Global Economy
Author: P. Nolan
Publsiher: Springer
Total Pages: 244
Release: 2001-05-09
ISBN 10: 0230599281
ISBN 13: 9780230599284
Language: EN, FR, DE, ES & NL

China and the Global Economy Book Review:

This book tells the story of China's emergence as a major economic power and the huge impact this will have on world business. Over the last five years Peter Nolan has conducted a major investigation into Chinese industry, its economic structure, and the opportunities for growth in the future. As one of just four world experts invited by the Chinese Government to consult on their application to joint the World Trade Organisation he has worked closely with the heads of Chinese industry and with many foreign multinationals operating in China. China and the Global Economy is an executive summary of the opportunities for business in one of the largest markets in the world, by one passionate about its possibilities for the future.

China and the New World Order

China and the New World Order
Author: Zhibin Gu,William Ratliff
Publsiher: Fultus Corporation
Total Pages: 246
Release: 2006
ISBN 10: 1596821078
ISBN 13: 9781596821071
Language: EN, FR, DE, ES & NL

China and the New World Order Book Review:

Get the inside story from a Chinese journalist/consultant about China's surge under globalization and capitalism. This second volume of a trilogy covers (1) political-economic trends; (2) Chinese multinationals vs. global giants; (3) trade, the yuan, banking, insurance, and the stock market; and (4) issues with Taiwan, the West, India, and Japan.

Chinese Multinationals

Chinese Multinationals
Author: Jean-Paul Larçon
Publsiher: World Scientific
Total Pages: 269
Release: 2009
ISBN 10: 9812835598
ISBN 13: 9789812835598
Language: EN, FR, DE, ES & NL

Chinese Multinationals Book Review:

Examines the rise of Chinese companies in international markets. This book provides an overview of the strategies of Chinese multinationals in terms of international marketing and branding, M&As and international joint ventures, management of technology, organization and human resource management.

Chinese Multinationals

Chinese Multinationals
Author: Jean-Paul Lar‡on
Publsiher: World Scientific
Total Pages: 269
Release: 2009
ISBN 10: 9812835008
ISBN 13: 9789812835000
Language: EN, FR, DE, ES & NL

Chinese Multinationals Book Review:

Examines the rise of Chinese companies in international markets. This book provides an overview of the strategies of Chinese multinationals in terms of international marketing and branding, M&As and international joint ventures, management of technology, organization and human resource management.

Chinese Firms Global Firms

Chinese Firms  Global Firms
Author: Peter Nolan
Publsiher: Routledge
Total Pages: 176
Release: 2014-04-11
ISBN 10: 1317964527
ISBN 13: 9781317964520
Language: EN, FR, DE, ES & NL

Chinese Firms Global Firms Book Review:

China has achieved remarkable, sustained economic growth under the policies of ‘reform and opening up’ put into place since the late 1970s. China’s industrial policies have nurtured a large group of firms with high profits and a high market capitalisation. However, few people in the West can name a single Chinese firm. During the modern era of capitalist globalisation firms from the high income countries have spread their business systems across the world. This has presented a profound challenge for industrial policy in developing countries, including even China, the world’s second largest economy. China is unique among large latecomer developing countries in having reached the position of being a huge, fast-growing economy, with a tremendous impact on the rest of the world, but lacking a substantial group of globally competitive firms. This volume explores this paradox. Fully understanding the industrial policy challenge that the era of capitalist globalisation has produced for China is essential for harmonious international relations.

Poorly Made in China

Poorly Made in China
Author: Paul Midler
Publsiher: John Wiley & Sons
Total Pages: 272
Release: 2011-01-11
ISBN 10: 0470928077
ISBN 13: 9780470928073
Language: EN, FR, DE, ES & NL

Poorly Made in China Book Review:

An insider reveals what can—and does—go wrong when companies shift production to China In this entertaining behind-the-scenes account, Paul Midler tells us all that is wrong with our effort to shift manufacturing to China. Now updated and expanded, Poorly Made in China reveals industry secrets, including the dangerous practice of quality fade—the deliberate and secret habit of Chinese manufacturers to widen profit margins through the reduction of quality inputs. U.S. importers don’t stand a chance, Midler explains, against savvy Chinese suppliers who feel they have little to lose by placing consumer safety at risk for the sake of greater profit. This is a lively and impassioned personal account, a collection of true stories, told by an American who has worked in the country for close to two decades. Poorly Made in China touches on a number of issues that affect us all.

Is China Buying the World

Is China Buying the World
Author: Peter Nolan
Publsiher: John Wiley & Sons
Total Pages: 120
Release: 2013-04-30
ISBN 10: 0745660940
ISBN 13: 9780745660943
Language: EN, FR, DE, ES & NL

Is China Buying the World Book Review:

China has become the world's second biggest economy and its largest exporter. It possesses the world's largest foreign exchange reserves and has 29 companies in the FT 500 list of the world's largest companies. ‘China's Rise' preoccupies the global media, which regularly carry articles suggesting that it is using its financial resources to ‘buy the world'. Is there any truth to this idea? Or is this just scaremongering by Western commentators who have little interest in a balanced presentation of China's role in the global political economy? In this short book Peter Nolan - one of the leading international experts on China and the global economy - probes behind the media rhetoric and shows that the idea that China is buying the world is a myth. Since the 1970s the global business revolution has resulted in an unprecedented degree of industrial concentration. Giant firms from high income countries with leading technologies and brands have greatly increased their investments in developing countries, with China at the forefront. Multinational companies account for over two-thirds of China's high technology output and over ninety percent of its high technology exports. Global firms are deep inside the Chinese business system and are pressing China hard to be permitted to increase their presence without restraints. By contrast, Chinese firms have a negligible presence in the high-income countries - in other words, we are ‘inside them' but they are not yet ‘inside us'. China's 70-odd ‘national champion' firms are protected by the government through state ownership and other support measures. They are in industries such as banking, metals, mining, oil, power, construction, transport, and telecommunications, which tend to make use of high technology products rather than produce these products themselves. Their growth has been based on the rapidly growing home market. China has been unsuccessful so far in its efforts to nurture a group of globally competitive firms with leading global technologies and brands. Whether it will be successful in the future is an open question. This balanced analysis replaces rhetoric with evidence and argument. It provides a much-needed perspective on current debates about China's growing power and it will contribute to a constructive dialogue between China and the West.

China s Role in Global Economic Recovery

China s Role in Global Economic Recovery
Author: Xiaolan Fu
Publsiher: Routledge
Total Pages: 336
Release: 2012-03-12
ISBN 10: 1136632492
ISBN 13: 9781136632495
Language: EN, FR, DE, ES & NL

China s Role in Global Economic Recovery Book Review:

This book presents a wide-ranging assessment of the current state of China’s economy in relation to the global international economy. It discusses the role China has played in responding to the economic crisis; assesses the continuing strong prospects for further economic growth in China; and examines China’s deepening integration into the world economy. Specific topics covered include China’s foreign reserves and global economic recovery; the international expansion of Chinese multinationals and China’s private businesses; and the role of technological innovation in China’s economic growth. Overall, the book provides a wealth of detail and up-to-date insights concerning China’s development path, growth potential, sustainability and impact.

Three Essays on South Korean Multinational Corporations

Three Essays on South Korean Multinational Corporations
Author: Joonhyung Lee
Publsiher: Unknown
Total Pages: 101
Release: 2009
ISBN 10: 1928374650XXX
ISBN 13: UCSD:31822036626380
Language: EN, FR, DE, ES & NL

Three Essays on South Korean Multinational Corporations Book Review:

In the era of globalization, multinational corporations are the center in international economics. Most studies are based on investment flows between developed countries, however. With a firm-level dataset on South Korean multinational corporations, this dissertation adds new insights to the research of multinational corporations from the perspective of an emerging country. The first essay investigates the impact of the level of development of the destination country on employment growth of the multinational corporations in the home country. Using a difference-in-difference approach, we assess the impact of starting to invest in less-advanced countries compared with investing in more-advanced countries. To obtain suitable control groups in each case, we use the propensity score method. The method selects national firms that ex post did not take the investment decisions even though ex ante they would have been equally likely to. We find that moving to less-advanced countries decreases a company's employment growth rate especially in the short run. On the other hand, moving to more-advanced countries does not consistently affect employment growth in any significant way. Including investment decisions of established multinationals in the estimation somewhat weakens but does not overturn this conclusion. The second essay studies the location decision of South Korean multinationals across China's regions with a firm-level dataset. Our conditional logit estimates confirm previous studies that found agglomeration effects along industry and along national lines. In particular, South Korean investors target the region where there are more firms in an industry irrespective of their nationality. At the same time, more affliates from South Korean multinationals also attract new entrants. More importantly, however, we add an upstream and downstream (backward and forward) linkage effect. We find that the presence of upstream and downstream South Korean affiliates significantly increases the likelihood that a South Korean multinational invests in a particular region. At the same time, however, backward and forward linkages at the industry level that do not differentiate by nationality do not seem to matter much. As such, our analysis of investors' location choice brings together two perspectives: (backward and forward) linkages and agglomeration along national lines. The third essay explores regional production networks and off-shoring of material and service inputs in East Asia using the Asian International Input-Output Table (1990, 1995, and 2000). In process of doing so, off-shoring is directly measured from the Table which is not used in the previous literature on this issue. It turns out that East Asian countries source the significant share of inputs within East Asia. Besides material off-shoring, services off-shoring becomes more and more common in the era of globalization. In particular, countries in this region have used goods and services inputs mainly from Japan and the United States. However, in recent years, China and Korea started to supply greater amounts of goods and services inputs