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The Role of Guanxi in Chinese Economic Transition

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Material Information

Title:
The Role of Guanxi in Chinese Economic Transition Firm Networking & Market Autonomy
Physical Description:
Book
Language:
English
Creator:
Dye, Chelsea
Publisher:
New College of Florida
Place of Publication:
Sarasota, Fla.
Creation Date:
2011
Publication Date:

Thesis/Dissertation Information

Degree:
Bachelor's ( B.A.)
Degree Grantor:
New College of Florida
Degree Divisions:
Social Sciences
Area of Concentration:
International and Area Studies, Chinese Language and Culture
Faculty Sponsor:
Hicks, Barbara

Subjects

Subjects / Keywords:
Social Capital
Economic Development
Guanxi
Genre:
Electronic Thesis or Dissertation
bibliography   ( marcgt )
theses   ( marcgt )
government publication (state, provincial, terriorial, dependent)   ( marcgt )

Notes

Abstract:
This thesis examines the role of guanxi in China's economic transformation. Guanxi is an institutionalized form of social capital in China that has evolved since the time of Confucius. Social capital is lauded as a resource that may help economic actors overcome the uncertainties of economic transition through the use of social networks to share information. When examining the history of China's economic transition since 1979, it is evident that guanxi has had many roles in facilitating cooperation and information sharing among Chinese firms. Yet as the transition progressed, the use of social networks to surmount barriers to entry and to operate in the marketplace became burdensome to new small and medium-sized firms. The structure of the economic reforms made private firms dependent on vertical relationships with the state to operate in the market. While state-owned firms enjoyed at-hand relationships with the state, private firms have to cultivate these vertical relationships at an increased cost to enter the market. The increased costs of guanxi to private firms makes small and medium-sized firms reliant on the state to do business. The reliance of firms on the state means that there is little hope for a private entrepreneurial class to form in China separate from the state. This reliance coupled with a weak regulatory system and only nascent rule of law point to a market economy dependent on the state. Only by creating efficient institutions will the private sector be able to be autonomous from the state.
Statement of Responsibility:
by Chelsea Dye
Thesis:
Thesis (B.A.) -- New College of Florida, 2011
General Note:
RESTRICTED TO NCF STUDENTS, STAFF, FACULTY, AND ON-CAMPUS USE
Bibliography:
Includes bibliographical references.
General Note:
This bibliographic record is available under the Creative Commons CC0 public domain dedication. The New College of Florida, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.
General Note:
Faculty Sponsor: Hicks, Barbara

Record Information

Source Institution:
New College of Florida
Holding Location:
New College of Florida
Rights Management:
Applicable rights reserved.
Classification:
local - S.T. 2011 D99
System ID:
NCFE004373:00001

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