The market economic system is an economic system of corporate organizations. China＇s sustained and rapid economic development over the past four decades of reform and opening-up was supported by the emergence of its ...The market economic system is an economic system of corporate organizations. China＇s sustained and rapid economic development over the past four decades of reform and opening-up was supported by the emergence of its business community. During this period, China＇s corporate organizations increased, expanded and developed from strength to strength, serving as a solid micro-level basis for the prosperity of the socialist market economic system. Having achieved significant progress, China＇s corporate ownership restructuring led to the common development of enterprises with various forms of ownership. An institutional factor that undergirded corporate prosperity was China＇s choice of a corporate system characterized by the interplay between market competition and government administration. How China＇s corporate organizational system will evolve in the future is determined by（1） how efficiency varies among firms with different ownership systems, and（2） external institutional pressures facing firms in their rapid internationalization process.展开更多
The China Model for development of a modem society adapts the lessons of previous Asian ＂miracle economies＂ to Chinese conditions. The core Asian Model is pragmatic adoption of best international practices regardles...The China Model for development of a modem society adapts the lessons of previous Asian ＂miracle economies＂ to Chinese conditions. The core Asian Model is pragmatic adoption of best international practices regardless of origin, organized around the central less of Asian successes and gives priority to economic growth at the expense of geopolitical, political and ideological goals. Given the economic imperative, the model establishes priority rankings： agriculture first, then light industry, heavy industry, domestic politics, and international politics. The Asian Model＇s economic strategy includes critical components： international opening; domestic economic marketization; rapid incrementalism rather than shock therapy in pursuing those goals; and competition. In all the Asian miracles including China, successfill economic reform has been accompanied by parallel incremental political reforms. In addition to emulating the Asian model, China has added distinctive strategies, including most notably the use of a ＂ One, Two＂ approach -- one country, two systems; one sector, two systems; one company, two systems; and so forth. China has refined the art of managing a country on an efficient business organizational model, and of using ＂social globalization＂ to expose its government, business and student elites to best practices all over the world.展开更多
文摘The market economic system is an economic system of corporate organizations. China＇s sustained and rapid economic development over the past four decades of reform and opening-up was supported by the emergence of its business community. During this period, China＇s corporate organizations increased, expanded and developed from strength to strength, serving as a solid micro-level basis for the prosperity of the socialist market economic system. Having achieved significant progress, China＇s corporate ownership restructuring led to the common development of enterprises with various forms of ownership. An institutional factor that undergirded corporate prosperity was China＇s choice of a corporate system characterized by the interplay between market competition and government administration. How China＇s corporate organizational system will evolve in the future is determined by（1） how efficiency varies among firms with different ownership systems, and（2） external institutional pressures facing firms in their rapid internationalization process.
文摘The China Model for development of a modem society adapts the lessons of previous Asian ＂miracle economies＂ to Chinese conditions. The core Asian Model is pragmatic adoption of best international practices regardless of origin, organized around the central less of Asian successes and gives priority to economic growth at the expense of geopolitical, political and ideological goals. Given the economic imperative, the model establishes priority rankings： agriculture first, then light industry, heavy industry, domestic politics, and international politics. The Asian Model＇s economic strategy includes critical components： international opening; domestic economic marketization; rapid incrementalism rather than shock therapy in pursuing those goals; and competition. In all the Asian miracles including China, successfill economic reform has been accompanied by parallel incremental political reforms. In addition to emulating the Asian model, China has added distinctive strategies, including most notably the use of a ＂ One, Two＂ approach -- one country, two systems; one sector, two systems; one company, two systems; and so forth. China has refined the art of managing a country on an efficient business organizational model, and of using ＂social globalization＂ to expose its government, business and student elites to best practices all over the world.
