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Property Rights Developments And Productivity Gains In China: A Law And Economics Perspective, Xiaowen Tian, Vai Lo
Property Rights Developments And Productivity Gains In China: A Law And Economics Perspective, Xiaowen Tian, Vai Lo
Xiaowen Tian
Extract:
Property rights developments have been taken as a major reform measure to improve efficiency in transition economies in recent years. The economic rationale was most clearly spelled out by the property rights theory. According to this theory, well-defined property rights can serve as the basis for the proper functioning of markets because they provide incentive; stimulate competition; and engender the efficient use of resources, technology innovation, and output growth in a world of scarcity (Furubotn and Pejovich, 1972). In other words, the more property rights move into private hands, the greater the efficiency gains, and the more rapid is …
Managing International Business In China, Xiaowen Tian
Managing International Business In China, Xiaowen Tian
Xiaowen Tian
With the rise of China in the world economy, investors from all over the world are moving to explore business opportunities in this market. Managing international business in a transition economy like China is a daunting challenge. Tian presents a practical guide to major managerial issues faced by foreign investors in the China market including strategic management of Guanxi, entry mode selection, alliance management, negotiation with Chinese partners, human resource management, marketing management, protection of intellectual property rights, and corporate financial management. These issues are analyzed in the light of relevant theoretical models of international business, with reference to current …