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Legal Theory & Systems - Changing Lanes in China: Foreign Direct Investment, Local Governments, and Auto Sector Development

Description

Book Synopsis: This book addresses two of the most important trends in political economy during the last two decades--globalization and decentralization--in the context of the world's most rapidly growing economic power. The development of the Chinese auto industry is a classic example of China's efforts to re-make inefficient and technologically backward Chinese firms into powerful national champions, and it is an industry on which many of the world's most powerful multinationals have staked their future. The intent of the book is to provide a better understanding of how local political and economic institutions shape the ability if Chinese state-owned firms to effectively utilize foreign direct investment (FDI), and how these institutions shape the prospects of foreign investment. In a global economy, the author argues, local governments are increasingly the agents of industrial transformation at the level of the firm. Local institutions are durable over time, and they have important economic consequences. Through an analysis of five Chinese regions, the book seeks to specify the opportunities and constraints that alternative institutional structures create, how they change over time, and ultimately, how they prepare Chinese firms for the challenge of global competition.

Details

Are you interested in understanding the dynamics behind China's booming auto industry? Look no further than "Changing Lanes in China: Foreign Direct Investment, Local Governments, and Auto Sector Development". This thought-provoking book explores the intersection of globalization, decentralization, and the rapid growth of the Chinese economy.

With the Chinese auto industry standing as a prime example of China's transformation of inefficient companies into powerful national champions, this book delves into how effective the utilization of foreign direct investment (FDI) by Chinese state-owned firms is influenced by local political and economic institutions. Discover how these institutions shape the prospects of foreign investment and how local governments have become agents of industrial transformation at the firm level in the global economy.

Authoritatively analyzing five Chinese regions, "Changing Lanes in China" provides valuable insights into the opportunities and constraints that different institutional structures pose. By understanding how these structures evolve over time, you will gain an understanding of how Chinese firms are prepared to tackle the challenges of global competition.

Don't miss out on this opportunity to gain in-depth knowledge of China's auto industry and the influence of local governments on its development. Equip yourself with the insights necessary to navigate the ever-changing landscape of global business. Get your copy of "Changing Lanes in China: Foreign Direct Investment, Local Governments, and Auto Sector Development" today!

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