IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-642-32445-1_17.html
   My bibliography  Save this book chapter

Confucianism and Market Economy

In: Leadership through the Classics

Author

Listed:
  • Cuiping Zhang

    (University of International Business and Economics)

  • Xiaoxing Zhu

    (University of International Business and Economics)

Abstract

The fast economic growth in East Asian economies has attracted much attention from the world to their background culture – Confucianism. Many, like Max Weber, think that Confucianism is not suitable for generating capitalism or economic modernization whereas others hold that the economic take-off and the economic miracle achieved in East Asia should be attributed to Confucianism. Too positive or too negative an attitude is not realistic. This paper focuses on the interaction between culture and economic development. It is becoming quite necessary to re-think and re-evaluate what elements of Confucianism and in which circumstances Confucianism would be conducive to the building of a market-oriented economy. The study of the CEOs in five Chinese leading companies and the Confucian-values-based questionnaire survey in Haier, a leading company in home-appliances, reflect that Confucianism is still vigorous and influential in the business world of China today. Meanwhile, Confucianism is also being transformed in the course of their development. In this sense, the five successful enterprises have set up a good example in how to maintain the essentials of Chinese traditional culture while overcoming its backward aspects and let the past serve the present well.

Suggested Citation

  • Cuiping Zhang & Xiaoxing Zhu, 2012. "Confucianism and Market Economy," Springer Books, in: Gregory P. Prastacos & Fuming Wang & Klas Eric Soderquist (ed.), Leadership through the Classics, edition 127, chapter 0, pages 255-271, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-32445-1_17
    DOI: 10.1007/978-3-642-32445-1_17
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-642-32445-1_17. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.