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Cover Gateways to Globalisation
Gateways to Globalisation
Asia’s International Trading and Finance Centres
Editor: François Gipouloux
Asia’s trading and financial hubs have become global cities which frequently have more in common and closer linkages with each other than with their corresponding hinterlands. As this book expounds, these global cities illustrate to what extent world trends deeply penetrate and permeate the national territorial interiors and processes that were otherwise presumed to be controlled by the State.
Restricted access
Monograph Book
Publication Date:
31 Oct 2011
DOI:
https://doi.org/10.4337/9780857934253
Collections:
Economics 2011
Cover Shareholding System Reform in China
Shareholding System Reform in China
Privatizing by Groping for Stones
Shu-Yun Ma
Since the 1980s, there has been a global wave of transfer of state assets to private hands. China is a relatively late participant of this worldwide trend, yet, in the last decade it has emerged as one of the largest privatizing countries. Shu-Yun Ma argues that China’s privatization is not based on any grand blueprint; rather, it is privatization by ‘groping for stones to cross the river’, a well-known metaphor often attributed to Deng Xiaoping, meaning that the reform simply proceeds on a trial-and-error basis without being guided by any theory.
Restricted access
Monograph Book
Publication Date:
31 Mar 2010
DOI:
https://doi.org/10.4337/9781849805360
Collections:
Economics 2010 and before