Remade in China: Foreign Investors and Institutional Change in China

Remade in China: Foreign Investors and Institutional Change in China

by Scott Wilson
     
 

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ISBN-10: 0195388313

ISBN-13: 9780195388312

Pub. Date: 09/11/2009

Publisher: Oxford University Press

Since opening to foreign investment in 1979, China has emerged as the leading investment site for multinational corporations. Remade in China looks beyond the macroeconomic effects of China's investment boom to analyze how foreign investors from the US, Japan, and other nations are shaping China's legal, labor, and business reforms. Wilson draws on interviews with

Overview

Since opening to foreign investment in 1979, China has emerged as the leading investment site for multinational corporations. Remade in China looks beyond the macroeconomic effects of China's investment boom to analyze how foreign investors from the US, Japan, and other nations are shaping China's legal, labor, and business reforms. Wilson draws on interviews with nearly 100 foreign and local managers, attorneys, workers, and members of the business community to explain why Chinese laborers and firms have gravitated toward foreign models, especially US businesses and their institutions.

Wilson uses the term "state-guided globalization" to describe how China has used foreign engagement to advance its domestic reform objectives and to enhance its role in international society. Rather than undermining state power, globalization actually has allowed China's state to push through difficult labor and legal reforms. Wilson concludes that Chinese policy makers drew lessons from foreign investors and foreign legal experts on how to introduce difficult labor market reforms in its state-owned enterprises and how to promote rule of law.

Remade in China examines globalization and foreign investment in a different light, showing how these developments have helped to chart China's entry into international society. China's WTO accession agreement and international norms have established parameters by which to judge Chinese legal and business reforms. Although China's rise is a grave concern to the world, Remade in China asserts that Chinese leaders now see compliance with international rules as a means to secure more investment and to enhance their international legitimacy. Wilson provides a lucid and insightful analysis of how foreign and domestic actors, from political leaders to average laborers, have contributed to remaking China's institutions.

Product Details

ISBN-13:
9780195388312
Publisher:
Oxford University Press
Publication date:
09/11/2009
Pages:
304
Product dimensions:
6.20(w) x 9.30(h) x 1.30(d)

Table of Contents

List of Tables
List of Figures
List of Abbreviations
Preface
Introduction: China and Globalization
1. Globalization and Path Dependent Institutional Change
Section I: Macro-level Dynamics and Institutional Change
2. China and Globalization: A Deepening Relationship
3. The Rise of Wholly Foreign Owned Enterprises
4. Law Guanxi: Chinese Law Goes International and Foreign Investors Go Local
5. The Diffusion of Pay-for-Performance Institutions
6. Dismissal and Labor Turnover
7. "Re-Made in China": Foreign Investors and Chinese Actors Negotiate Institutional Change
Appendix One: Data Collection and List of Interviewees
Bibliography
Index

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