Fostering Entrepreneurship in China: A Survey of the Economic Literature

Abstract

The economic literature can help us find how to foster entrepreneurship in China in order to ensure a sustainable economic growth. Someone asked Confucius ‘Why do you not take part in government?’ The Master replied: ‘The Book of History says, Oh! Simply by being a good son and friendly to his brothers, a man can exert an influence upon government.” In so doing a man is, in fact, taking part in government.’ (Confucius, The Anaclets, II.21. Translated by D.C. Lau, 1979) Zeal without knowledge is the sister of folly. (John Davies of Hereford, The Scourge of Folly, 1611)

Strategies and servicescapes: Delivering user‐focused health care in Europe and China

“…If the move to the development of private hospitals continues in China (Yip & Hsiao, ), then this is likely to be accompanied by improvements to the servicescape, in response to consumer requirements. As an impetus to this, Milana and Wang ( ) note that since the early part of the current century, the Chinese government has improved the institutional and regulatory environment to further encourage private entrepreneurship.…”

Overlooked or Ignored – Missing Elements in the Entrepreneurial Finance Policies: A Case of Introducing MUDRA Bank in India

“…Past trends may affect operations like not lending without collateral/required documents/voluminous paperwork and lending only to large MFIs, restricting geographical coverage in subsequent years. Arousal of commitment is also dependent on factoring in space for bringing about changes in the orientation of the people who are implementing the public policy toward the policy itself (Lipsky, ). Addressing incompatible (ambiguous or counterproductive) goals that bring them into conflict with one another (McConnel, ; Milana and Wang, ). On the one side, MUDRA bank has goals like lending and rating, and on the other side, there are goals like regulating and policy making, all at the same time!…”

An investigation of the choice of governance modes in Chinese family firms

“…Family-owned firms are more common in emerging markets (Milana and Wang, 2013). With the great development of Chinese economy, the professionalization of family firms becomes a major research concern in China.…”