The prospects of Chinese firms in an opening economy : breaking away from the “flying geese” pattern or turning into another case of East Asian ersatz capitalism?
(2005) Belgeo : revue belge de geographie — Vol. 2005, n° 3, p. 275-306 (2005)
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- Abstract
- This article aims at analysing the insertion of the Chinese firms into the East Asian development process known as the «flying geese» pattern. Its main objective is to assess the capacity of the Chinese industrial champions to transform themselves into global competitive multinational enterprises and, therefore, the capacity of the Chinese economy to catch up with the most advanced East Asian economies like Japan or South Korea. It shows that Japanese and Korean firms are still the uncontested technological leaders of Asia and that the largest Chinese firms are far less capital intensive and profitable than their Japanese and South Korean competitors. Finally, this article looks into the global changes that have made extremely difficult for the Chinese industrial champions to follow the successful development path of their Japanese and South Korean competitors.
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Citations
Defraigne, J.-C. (2005). The prospects of Chinese firms in an opening economy : breaking away from the “flying geese” pattern or turning into another case of East Asian ersatz capitalism? Belgeo : revue belge de geographie, 2005(3), 275-306. https://hdl.handle.net/2078.5/201259 (Original work published 2005)