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East Asian Business Systems in Evolutionary Perspective: Entrepreneurship and Coordination
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Authors: Fu-Lai-Yu, Tony (University of New South Wales) 
Book Description:
Economic studies on East Asia economies in general and Chinese economies are not lacking. However, most studies hitherto adopt the conventional neo-classical economic approach. In particular, the Cobb-Douglas production function and/or theory of comparative advantage are often applied to explain economic growth of an Asian economy. In international business, Dunning's eclectic theory is also widely adopted to understand the pattern of foreign direct investments in East Asian economies. Yet it is generally agreed that the mainstream neo-classical approach has severe drawbacks and limitations. In particular, it does not consider the role of knowledge and uncertainty. Entrepreneurship, which is the true engine of growth, is largely missing in neo-classical economics. This book uses the evolutionary approach to analyse economic and business activities in East Asian economies. Specifically, the book focuses on knowledge and coordination problems and examines the role of entrepreneurship in economic affairs.

Table of Contents:
Preface; Chapter 1: Learning Governments in Three Chinese Economies: Economic Management in Taiwan, Hong Kong and the Mainland (Tony Fu-Lai Yu); Chapter 2: Coordination and Industrial Organization: South Korea's Chaebols versus Taiwan's Small Enterprises (Tony Fu-Lai Yu); Chapter 3: Guerrilla Entrepreneurship and Hong Kong’s Economic Dynamics (Tony Fu-Lai Yu); Chapter 4: Learning, Catching Up and International Economic Order: Trilateral Relationship Between China, Britain and Hong Kong in the Entrepreneurial Perspective (Tony Fu-Lai Yu and Diana Kwan); Chapter 5: China's Road to Capitalism: A Market Process Perspective (Gary M.C. Shiu); Chapter 6: Asset Management Companies and the Coordination of the Banking Reform in China (Gary M.C. Shiu); Chapter 7: Transaction Cost, Currency Substitution, and the Economic Integration Between Hong Kong and Southern China (Kui Yin Cheung and Simon C. Fan); Chapter 8: Adaptive Entrepreneurship and Foreign Direct Investment of Small Manufacturing Firms in China (Yi Zheng Shi); Index

   Binding: Hardcover
   Pub. Date: 2002
   ISBN: 1-59033-357-8
   Status: AV
  
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AN Announcing
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EP Editorial Production
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