Guānxi Economics: Confucius Meets Lenin, Keynes, and Schumpeter in Contemporary China

Nitsch, Manfred; Diebel, Frank

doi:10.4337/ejeep.2008.01.08

Cited by 4 publications

(2 citation statements)

References 1 publication

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“…Many private firms in export sector turned to search domestic customers after 2008 crisis, but they had strong expectations of revenue. Thus, confidence beyond personal relations, with the party as quasi-clergy in a secularized, quasi-religious "developmentalist" State, turns out to be the clue for understanding the dynamism of recent Chinese growth (Manfred Nitsch and Frank Diebel, 2008).…”

Section: Creation Of Entrepreneurs' Long-term Expectationsmentioning

confidence: 99%

Chinese Entrepreneurship: Institutions, Ecosystems and Growth Limits

Wei¹,

Pira²

2013

aeb

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This article gives an entrepreneurial perspective on the competitiveness of China's industries in the economic globalization, especially since the 2008 financial crisis. It explains above all how China gained the traditional competitiveness (from comparative advantage to competitive advantage) through rapid technological learning of its entrepreneurial firms. Behind these firms, it was the Chinese State as an ensemble of economic actors who had strong incentives to grow the whole industrial production aggressively. During the global financial crisis and recession, China took the lead in the turnaround. Now, it is expected to take the lead in the next cycle of economic growth. However, the external foundation underpinning China's fast growth is in serious disarray. The shifting globalized economy is challenging the Chinese entrepreneurs and its growth model. The paper gives some clues on what China should do to be competitive in the future. The empirical part of the research is based on Chinese macroeconomic data and in-depth firm level interviews in China during a long period of time. 1 1 The macroeconomic data were collected from the Chinese official statistical yearbooks of various years,

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Section: Creation Of Entrepreneurs' Long-term Expectationsmentioning

confidence: 99%

Chinese Entrepreneurship: Institutions, Ecosystems and Growth Limits

Wei¹,

Pira²

2013

aeb

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“…It implies social reciprocity and is based upon mutual feelings (ganqing) between two or more persons aiming at cultivating friendship and searching for personal benefits at the same time. In order to understand this concept more precisely it is necessary to point out to four essential terms concerning a broader concept of Guanxi: social relationships (guanxi), emotions (ganqing), favors (renqing) and face (mianzi) (NITSCH and DIEBEL, 2010 [19] ). Guanxi is established based on mutual trust.…”

Section: Chinese Networkmentioning

confidence: 99%

Relationship Networks and China’s Increasing Presence in Brazil – Looking at Entrepreneurship and Cooperation

Bandeira¹,

Guevara²,

Stefani³

et al. 2013

RISUS

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Abstract:The study of interpersonal relationship networks belongs to a long and extensive multidisciplinary academic research field. Although the subject is not a new one, there has been an increase in the interest of the role of social networks in the business world. This article discusses a kind of network very peculiar to Chinese communities' way of life: the Guanxi. Ever more emigrating to countries of occidental culture, the Chinese bring with them their way of being and doing business to which the Guanxi is a significant cultural trait. Knowing this type of relationship increases the possibilities of success for those who intend to do business with the Chinese, both in Brazil and in China. The article encompasses a theoretical framework, exposing Chinese and Occidental theories about relationship networks, allowing a broad understanding of how Guanxi works. Interviews and the relevant analysis of their contents complement the exploratory and qualitative research.

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Migration to Mexico as a Strategy for Survival and Growth: Building Opportunities in Mexican Popular Markets

Villalever

2020

The Migration of Chinese Women to Mexico City

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Guānxi Economics: Confucius Meets Lenin, Keynes, and Schumpeter in Contemporary China

Abstract: SUMMARY: 1. The challenge; 2. Schumpeter's accumulation model for monetary economies; 3. The Chinese way; 4. Political development banking: gu nxi economics everywhere; 5. Big bang economics in Russia and beyond; 6. Summary: intermediation matters.

Cited by 4 publications

References 1 publication

Chinese Entrepreneurship: Institutions, Ecosystems and Growth Limits

Chinese Entrepreneurship: Institutions, Ecosystems and Growth Limits

Relationship Networks and China’s Increasing Presence in Brazil – Looking at Entrepreneurship and Cooperation

Migration to Mexico as a Strategy for Survival and Growth: Building Opportunities in Mexican Popular Markets

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