111 research outputs found
Equ(al)ity and Community in China after Forty Years of Economic Reform
We suggest a methodology that combines a refined conceptual approach with a theoretically-inspired empirical assessment, to analyse how Sinicised Marxist theory as well as practice has invariably emphasised Marx’s philosophy of history, rather than any version of Marxist egalitarian political philosophy, and therefore developed a culturally distinctive version of Marxism as totalitarian and subsequently authoritarian (rather than democratic) socialism. We argue that Chinese socialism has appropriated and applied socialist ideals to China’s post-cultural-revolution development into an economic reform agenda without political transition. We suggest that China today runs an ethically and politically problematic regime under which the people enjoy neither sufficient social justice nor decent community values. Such lack of equality and community represents a major inherent contradiction of “socialism with Chinese characteristics,” which has to accept and even accommodate increasing inequality to drive future growth. This contradiction also makes the so-called Chinese Dream more one of national aggregate prosperity than a dream for the Chinese people
A retrospective and agenda for future research on Chinese outward foreign direct investment
Our original paper “The determinants of Chinese Outward Foreign Direct Investment” was the first
theoretically based empirical analysis of the phenomenon. It utilised internalisation theory to show that
Chinese state-owned firms reacted to home country market imperfections to surmount barriers to
foreign entry arising from naivety and the lack of obvious ownership advantages, leveraging
institutional factors including favourable policy stimuli. This special theory explained outward foreign
direct investment (OFDI) but provided surprises. These included the apparent appetite for risk evinced
by these early investors, causing us to conjecture that domestic market imperfections, particularly in
the domestic capital market, might be responsible. The article stimulated a massive subsequent, largely
successful, research effort on emerging country multinationals. In this Retrospective article we review
some of the main strands of research that ensued, for the insight they offer for the theme of our
commentary. Our theme is that theoretical development can only come through embracing yet more
challenging, different, and new contexts, and we make suggestions for future research directions
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Investments in the digital silk road
This chapter discusses opportunities for the new digital economy, a strategically important factor of the economic growth for contributing to the Central Asia Digital Silk Road concept. Focusing on new opportunities for international cooperation, including the development of digital technologies, the chapter also draws attention to the fact that technology advancement causes changes in the economic system which may result in digital inequality. It argues that the O&G industry can become a key driver of growth and development and could potentially boost competitiveness across all sectors. The authors consider a set of public policies in ICT-related sectors in Kazakhstan. These policies are focusing on diversification from the O&G sector, supporting domestic companies and research, encouraging export-oriented projects, and pushing companies to join international initiatives
Globalisation of production and industrial upgrading: Evidence from the Telecom sector
Collana del Dipartimento di SCienze Economiche e Metodi Quantitativi, Facolt\ue0 di Economia, Universit\ue0 del Piemonte Orientale, Novara
Southeast Asia as a Hub of IT Global Production Sharing
Collana del Dipartimento di Scienze Economiche e Metodi Quantitativi, Facolt\ue0 di Economia, Universit\ue0 del Piemonte Orientale, Novara
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