By Leo Paul Dana
ISBN-10: 9810249497
ISBN-13: 9789810249496
ISBN-10: 9812777458
ISBN-13: 9789812777454
Whereas agencies try to extend into the worldwide setting, a few of the previously communist countries are frequently misunderstood. in keeping with box learn related to in-depth interviews in China, relevant Asia, Myanmar and Indochina, this learn seeks to supply teachers, traders and policy-makers with an introductory evaluation of firm in those transitional economies. A theoretical framework precedes surveys of person international locations. each one bankruptcy has been rigorously refereed by way of nationwide specialists. the quantity contains citations of 2 hundred suitable guides, guiding the longer term researcher via an intensive bibliography.
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Additional resources for When Economies Change Paths: Models of Transition in China, the Central Asian Republics, Myanmar & the Nations of Former Indochine Francaise
Example text
In transitional economies, internal subsistence activity is often necessary, as a means to adapt to rapid reform. Examples of internal economic activity include subsistence agriculture, and subsistence fishing. Both are legal, but involve no market transaction external to the producer. These are, therefore, forms of internal economic activity. While internal economic activity exists - as an activity of choice - even amidst the most advanced and industrialised backdrop (Dana, 1995a), for some people in transitional economies, this is the only strategy for survival.
In transitional economies, internal subsistence activity is often necessary, as a means to adapt to rapid reform. Examples of internal economic activity include subsistence agriculture, and subsistence fishing. Both are legal, but involve no market transaction external to the producer. These are, therefore, forms of internal economic activity. While internal economic activity exists - as an activity of choice - even amidst the most advanced and industrialised backdrop (Dana, 1995a), for some people in transitional economies, this is the only strategy for survival.
In a Chinese cultural setting, guanxi is the norm for carrying on business. 28 When Economies Change Paths Adapting to the Environment One might argue that Western companies also value relationships and that these hold mutual obligations. There is, however, an important difference between the Chinese and Western views of relationships. In the West, successful transactions lead to good relationships. In Chinese circles, one builds relationships in order to initiate transactions; the common belief is that if a relationship is built properly, then profitable transactions will follow.