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Articles 1 - 12 of 12
Full-Text Articles in Business
China Inc. And The World's Response, Shaomin Li
China Inc. And The World's Response, Shaomin Li
Management Faculty Publications
This article is based on the author’s new book, China, Inc.: How the Chinese Communist Party Transformed China into a Giant Corporation (Cambridge University Press, 2022). The author argues that leveraging its absolute power, low human rights advantage, and tolerance by other countries, the Chinese Communist Party has transformed China into a giant corporation. Living, working, and investing are not rights but privileges granted by the party. The party is the management of China, Inc., with the politburo standing committee as the board of directors and the party’s general secretary as the CEO. The various ministries are the functional departments …
The Role Of The Chinese Communist Party In The Covid-19 Crisis, Matthew Farrell
The Role Of The Chinese Communist Party In The Covid-19 Crisis, Matthew Farrell
Management Faculty Publications
The Chinese Communist Party (CCP) has received plaudits from international press and organizations for their handling of the COVID-19 crisis, with some describing it as a win for China in terms of propaganda. In this essay, I explore an alternative view: That the CCP is responsible for the origin and extent of the pandemic, and that much of their perceived altruism is carefully disguised opportunism and propaganda. Facts are drawn from scholarly work and the popular press to support my arguments. This essay carries strong implications for interpretation of recent events.
Regime Type And Covid-19 Response, Ilan Alon, Matthew Farrell, Shaomin Li
Regime Type And Covid-19 Response, Ilan Alon, Matthew Farrell, Shaomin Li
Management Faculty Publications
From late 2019 to the first half of 2020, the world has witnessed the epic spread and destruction of the novel coronavirus which was discovered in Wuhan, China. The huge number of infections and deaths caused by the virus, the collapse of the healthcare system and the economic consequences have few modern equivalents. While governments of all countries are responding to the pandemic, a heated debate rages about which political system, democracy versus authoritarian, is better positioned to respond to the pandemic. While the worldwide effort to contain the virus continues, we offer a preliminary comparison between democracies and authoritarian …
China's Intellectual Property Rights Provocation: A Political Economy View, Shaomin Li
China's Intellectual Property Rights Provocation: A Political Economy View, Shaomin Li
Management Faculty Publications
It is well recognized that intellectual property rights (IPR) violations are at the heart of the economic conflict with China. Little agreement, however, exists about the origin and solutions for this provocation. Broadly speaking, two prescriptions have been proposed: the natural evolutionary and the rule of law views. While both have merits and add to our understanding, they do not go far enough to address the more fundamental IPR policy issue: China has benefited from a rule of law overseas and a rule through law at home, manufacturing unfair advantage to its firms, many of which are owned and/or influenced …
Catch-Up Via Agglomeration: A Study Of Township Clusters, Liangding Jia, Sali Li, Stephen Tallman, Yaqin Zheng
Catch-Up Via Agglomeration: A Study Of Township Clusters, Liangding Jia, Sali Li, Stephen Tallman, Yaqin Zheng
Management Faculty Publications
This study examines whether the premises of inter-firm competition and cooperation on cluster performance outcome hold true in the context of China. By examining 87 township clusters in Jiangsu Province, we find that cluster performance is co-determined by the intensity of inter-firm competition and cluster innovativeness. Our results also show that the cluster's competitive intensity mediates the relationship between cluster size and cluster performance, and that a cluster's R&D centers and inter-firm joint actions positively affects a cluster's innovativeness, which in turn contributes to cluster performance. These findings not only provide additional support for strategy theories about clusters in a …
Assessment Of And Outlook On China's Corruption And Anticorruption Campaigns: Stagnation In The Authoritarian Trap, Shaomin Li
Management Faculty Publications
Since the beginning of China's economic reform in the late 1970s, corruption has been progressing alongside of economic growth. In 2012, when Xi Jinping took power, he waged the largest and longest anticorruption campaign known in the history of the Chinese Communist Party. This study provides an assessment on his campaign and projects an outlook on the future of corruption and anticorruption in China. The author argues that China will enter into an "authoritarian trap," in which the authoritarian power enables the state to effectively carry out the economic reform and achieve economic growth, while suppressing the demand for the …
Corruption May Worsen In Democratizing Economies: But Don't Let It Erode Our Faith In Democracy, Shaomin Li, Ilan Alon, Jun Wu
Corruption May Worsen In Democratizing Economies: But Don't Let It Erode Our Faith In Democracy, Shaomin Li, Ilan Alon, Jun Wu
Management Faculty Publications
This commentary is based on a recent study we conducted on the relationship between regime type, corruption, and economic development. We build a theory that links corruption and regime type to economic growth and test it on 158 countries, using multiple databases including Polity IV, transparency international, the World Bank, and others. We first distinguish three regime types, autocracy (dictatorship), anocracy (countries in early stage of democratization), and mature democracy. We found that when autocratic countries begin democratize, corruption usually gets worse. As the infant democracies mature, corruption decreases.
What Could Tourism Do To A Small Fishing Village: A Case Study Of The City Of Weihai, China, Xiaofan Cui, Jerome Argusa, Babu P. George, Joseph Lema
What Could Tourism Do To A Small Fishing Village: A Case Study Of The City Of Weihai, China, Xiaofan Cui, Jerome Argusa, Babu P. George, Joseph Lema
Management Faculty Publications
Weihai City, located on the east end of Shandong Peninsula in Northeastern China was once a small and remote fishing village. In recent years Weihai City has become one of the most popular tourism destinations in China. The tremendous development of tourism has had a significant impact on Weihai’s economy, physical environment, and culture. Weihai is now famous for the beautiful coastal scenery, high quality leisure living, and a strong Korean and increasingly Russian influence. This study examines the perception of Weihai residents on the position of Weihai as a tourist destination and also their vision of Weihai’s future tourism …
Photos Of Major Social Turmoils In China Since 1900, Shaomin Li
Photos Of Major Social Turmoils In China Since 1900, Shaomin Li
Management Faculty Publications
No abstract provided.
The Inevitable And Difficult Transition From Relation-Based To Rule-Based Governance In China, Shaomin Li
The Inevitable And Difficult Transition From Relation-Based To Rule-Based Governance In China, Shaomin Li
Management Faculty Publications
China has benefited tremendously from replying on the relation-based way of doing business and governance, as evidenced in its rapid economic growth up to now. However, further relying on the relation-based governance may eventually hinder China's economic growth and exacerbate inequality, resulting in political instability. On the other hand, given China's cultural heritage and powerful vested interest groups, can China shed its relation-based way? This article argues from logical, theoretical, and empirical perspectives the inevitability and difficulty of China's transition from relations to rules, and discuss the implications of the transition or the lack of it for China.
Roche’S Clinical Trials With Organs From Prisoners: Does Profit Trump Morals?, Judith Schrempf-Stirling
Roche’S Clinical Trials With Organs From Prisoners: Does Profit Trump Morals?, Judith Schrempf-Stirling
Management Faculty Publications
This case study discusses the economic, legal, and ethical considerations for conducting clinical trials in a controversial context. In 2010, pharmaceutical giant Roche received a shame award by the Swiss non-governmental organization Berne Declaration and Greenpeace for conducting clinical trials with organs taken from executed prisoners in China. The company respected local regulations and industry ethical standards. However, medical associations condemned organs from executed prisoners on moral grounds. Human rights organizations demanded that Roche ended its clinical trials in China immediately. Students are expected to review the economic and ethical issues regarding the outsourcing of clinical trials to controversial human …
Asian Corporate Governance Or Corporate Governance In Asia?, Shaomin Li, Anil Nair
Asian Corporate Governance Or Corporate Governance In Asia?, Shaomin Li, Anil Nair
Management Faculty Publications
Corporate governance has become an important issue for Chinese and Indian firms as they increasingly interact with regulators and investors from developed markets. For instance, tapping into global capital markets to raise funds to finance their domestic and international growth requires firms from China and India to demonstrate strong corporate governance credentials, so that investors do not discount their stock (LaPorta, Lopez-de-Silanes, Shleifer, & Vishny, 2000). The swift action of Chinese and Indian authorities in response to recent corporate scandals – such as the one at Satyam Computers – reveals that even governments in emerging countries such as China and …