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The Challenge Of Globalization For Large Chinese Firms

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  • Peter Nolan
  • Jin Zhang
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    Abstract

    As China joins the World Trade Organization, the author questions whether China’s large firms will be able to compete on the global level playing field. Over the past two decades, Chinese large enterprises have undertaken extensive evolutionary change but, at the same time, the world’s leading firms have undergone a revolutionary transformation. Based on analysis of firms with the aerospace, oil and petrochemical industry, the authors conclude that China’s leading firms face critical challenges, even in sectors in which China’s policy makers have scored significant successes.

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    File URL: http://www.unctad.org/en/docs/dp_162.en.pdf
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    Bibliographic Info

    Paper provided by United Nations Conference on Trade and Development in its series UNCTAD Discussion Papers with number 162.

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    Date of creation: 2002
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    Handle: RePEc:unc:dispap:162

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    1. Nolan, Peter, 1996. "Large Firms and Industrial Reform in Former Planned Economies: The Case of China," Cambridge Journal of Economics, Oxford University Press, vol. 20(1), pages 1-29, January.
    2. Peter Nolan, 2002. "China and the global business revolution," Cambridge Journal of Economics, Oxford University Press, vol. 26(1), pages 119-137, January.
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    Cited by:
    1. Steinfeld, Edward S., 2004. "China's Shallow Integration: Networked Production and the New Challenges for Late Industrialization," World Development, Elsevier, vol. 32(11), pages 1971-1987, November.
    2. Pereira de Carvalho, Flavia & Goldstein, Andrea, 2008. "The making of national giants: technology and governments shaping the international expansion of oil companies from Brazil and China," MERIT Working Papers 021, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    3. Mauricio Mesquita Moreira, 2004. "Fear of China: Is There a Future for Manufacturing in Latin America?," IDB Publications 45778, Inter-American Development Bank.
    4. Morgan, Horatio M., 2013. "The Political Economy of Trade-Financial Liberalization and Financial Underdevelopment: A perspective from China," MPRA Paper 50031, University Library of Munich, Germany.
    5. Vertesy, Daniel & Szirmai, Adam, 2010. "Interrupted innovation: Innovation system dynamics in latecomer aerospace industries," MERIT Working Papers 059, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    6. Hatani, Faith, 2009. "The logic of spillover interception: The impact of global supply chains in China," Journal of World Business, Elsevier, vol. 44(2), pages 158-166, April.

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