The Chinese Economy in the 21st Century

Know about the book -

The Chinese Economy in the 21st Century is written by Barbara Krug and published by Edward Elgar Publishing. It's available with International Standard Book Number or ISBN identification 1782543414 (ISBN 10) and 9781782543411 (ISBN 13).

The authors discuss the role of local institutions in coordinating business activities and unleashing entrepreneurship, arguing that the sudden growth of new firms and industries is facilitated by changes in business behaviour and institutions. Initial private exchange and investment in an environment of ill-functioning markets are shown to depend on local networks and local business culture which, in turn, rely on local tax regimes setting incentives for inherited bureaucracies to engage in economic transformation. Finally, the book establishes local institutions and local governance as crucial dimensions of China¿s emerging business system.