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Industrial Policy and Global Big Business Revolution: the Case of the Chinese Coal Industry1

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  • Peter Nolan
  • Huaichuan Rui
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    Abstract

    China has actively implemented an industrial policy during the last two decades. However, despite important progress, the overall result is rather disappointing. Should China continue to pursue industrial policy? Should China focus instead on developing successful globally competitive firms within the global value chain? This paper, based on an in-depth case study on the Shenhua Group, which has been deliberately built as an indigenous globally competitive coal corporation, argues that it is still possible for China to build powerful big businesses in some sectors. However, a well-designed industrial policy is necessary.

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    File URL: http://www.tandfonline.com/doi/abs/10.1080/14765280410001684779
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    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal Journal of Chinese Economic and Business Studies.

    Volume (Year): 2 (2004)
    Issue (Month): 2 ()
    Pages: 97-113

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    Handle: RePEc:taf:jocebs:v:2:y:2004:i:2:p:97-113

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    Related research

    Keywords: Industrial policy; big business revolution; coal industry; China;

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    Cited by:
    1. Perez Nino, Helena & Le Billon, Philippe, 2013. "Foreign aid, resource rents and institution-building in Mozambique and Angola," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
    2. Zhu, Tianbiao, 2006. "Rethinking Import-substituting Industrialization: Development Strategies and Institutions in Taiwan and China," Working Paper Series RP2006/76, World Institute for Development Economic Research (UNU-WIDER).

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