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005 20240726105411.0
008 130403s2012 maua ob 001 0 eng d
040 _aYDXCP
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020 _a9780674065390
_q((electronic)l(electronic)ctronic)
043 _aa-cc---
050 0 4 _aHC427
_b.C375 2012
049 _aMAIN
100 1 _aNee, Victor,
_d1945-
_e1
245 1 0 _aCapitalism from below :
_bmarkets and institutional change in China /
_cVictor Nee, Sonja Opper.
260 _aCambridge, Mass. :
_bHarvard University Press,
_c(c)2012.
300 _a1 online resource (xv, 431 pages) :
_billustrations
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _adata file
_2rda
504 _a2
505 0 0 _aWhere do economic institutions come from? --
_tMarkets and endogenous institutional change --
_tThe epicenter of bottom-up capitalism --
_tEntrepreneurs and institutional innovation --
_tLegitimacy and organizational change --
_tIndustrial clusters and competitive advantage --
_tThe development of labor markets --
_tInstitutions of innovation --
_tPolitical economy of capitalism.
520 0 _aMore than 630 million Chinese have escaped poverty since the 1980s, reducing the fraction remaining from 82 to 10 percent of the population. This astonishing decline in poverty, the largest in history, coincided with the rapid growth of a private enterprise economy. Yet private enterprise in China emerged in spite of impediments set up by the Chinese government. How did private enterprise overcome these initial obstacles, to become the engine of China's economic miracle? Where did capitalism come from?Studying over 700 manufacturing firms in the Yangzi region, Victor Nee and Sonja Opper argue that China's private enterprise economy bubbled up from below. Through trial and error, entrepreneurs devised institutional innovations that enabled them to decouple from the established economic order to start up and grow small, private manufacturing firms. Barriers to entry motivated them to build their own networks of suppliers and distributors, and to develop competitive advantage in self-organized industrial clusters. Close-knit groups of like-minded people participated in the emergence of private enterprise by offering financing and establishing reliable business norms. This rapidly growing private enterprise economy diffused throughout the coastal regions of China and, passing through a series of tipping points, eroded the market share of state-owned firms. Only after this fledgling economy emerged as a dynamic engine of economic growth, wealth creation, and manufacturing jobs did the political elite legitimize it as a way to jump-start China's market society. Today, this private enterprise economy is one of the greatest success stories in the history of capitalism.
520 0 _aOver 630 million Chinese escaped poverty since the 1980s, the largest decrease in poverty in history. Studying 700 manufacturing firms in the Yangzi region, the authors argue that the engine of China's economic miracle--private enterprise--did not originate at the top but bubbled up from below, overcoming initial obstacles set up by the government.
530 _a2
_ub
650 0 _aIndustrial policy
_zChina.
650 0 _aEntrepreneurship
_zChina.
650 0 _aCapitalism
_zChina.
650 4 _aBusiness Management.
650 4 _aCapitalism
_zChina.
650 4 _aEntrepreneurship
_zChina.
650 4 _aIndustrial policy
_zChina.
650 4 _aPolitical Economics, other.
650 4 _aSocial Sciences.
655 1 _aElectronic Books.
700 1 _aOpper, Sonja.
856 4 0 _uhttps://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=597449&site=eds-live&custid=s3260518
_zClick to access digital title | log in using your CIU ID number and my.ciu.edu password
942 _cOB
_D
_eEB
_hHC.
_m2012
_QOL
_R
_x
_8NFIC
_2LOC
994 _a92
_bNT
999 _c99132
_d99132
902 _a1
_bCynthia Snell
_c1
_dCynthia Snell