Capitalism from Below: Markets and Institutional Change in China

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9780674050204: Capitalism from Below: Markets and Institutional Change in China

More 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.

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Nee, Victor and Opper, Sonja
Editore: Harvard Univ. Press, Cambridge (2012)
ISBN 10: 0674050207 ISBN 13: 9780674050204
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Descrizione libro Harvard Univ. Press, Cambridge, 2012. Hardcover. Condizione libro: New. Condizione sovraccoperta: New. 431pp. Graphs. Size: 8vo - over 7¾" - 9¾" tall. Codice libro della libreria 068729

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Opper, Sonja; Nee, Victor
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Victor Nee, Sonja Opper
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Descrizione libro HARVARD UNIVERSITY PRESS, United States, 2012. Hardback. Condizione libro: New. 236 x 163 mm. Language: English . Brand New Book. More 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. Codice libro della libreria AAH9780674050204

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Victor Nee, Sonja Opper
Editore: HARVARD UNIVERSITY PRESS, United States (2012)
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Descrizione libro HARVARD UNIVERSITY PRESS, United States, 2012. Hardback. Condizione libro: New. 236 x 163 mm. Language: English . Brand New Book. More 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. Codice libro della libreria AAH9780674050204

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Descrizione libro Harvard Univ Press. Condizione libro: BRAND NEW. BRAND NEW Hardcover A Brand New Quality Book from a Full-Time Bookshop in business since 1992!. Codice libro della libreria 2364432

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Descrizione libro Harvard University Press. Condizione libro: New. Brand New. Codice libro della libreria 0674050207

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Descrizione libro 2012. HRD. Condizione libro: New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. Codice libro della libreria TH-9780674050204

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Descrizione libro Harvard University Press, 2012. HRD. Condizione libro: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Codice libro della libreria WH-9780674050204

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Descrizione libro Harvard University Press, Cambridge, Massachusetts and London England, 2012. Hardcover. Condizione libro: New. 456 pages. Hardcover with dustjacket. New book. CHINA. A Choice Outstanding Academic Title of the Year. "If China is to continue its unparalleled growth, it will have to rely on ambitious entrepreneurs to take its economy into a new phase of development. In short, it will need another ambitious wave of the type of people Nee and Opper credit with leading China's last great economic transformation." - Terrance Murray, The Financialist (Key Words: Victor Nee, Capitalism, Sonja Opper, China). book. Codice libro della libreria 79196X1

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Descrizione libro 2012. HRD. Condizione libro: New. New Book.Shipped from US within 10 to 14 business days. Established seller since 2000. Codice libro della libreria IB-9780674050204

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