Two Decades of Reform : The Changing Organization Dynamics of Chinese Industrial Firms
Since the early 1980s, China has begun gradually integrating with the global system. In doing so the country has moved toward its own unique brand of market socialism, which recognizes private ownership, and is adopting market institutions and pursuing industrial change within the framework of an ur...
| Main Authors: | , |
|---|---|
| Format: | Policy Research Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2006/01/6523103/two-decades-reform-changing-organization-dynamics-chinese-industrial-firms http://hdl.handle.net/10986/8834 |
| id |
okr-10986-8834 |
|---|---|
| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTABILITY AGRICULTURE ASSET STRIPPING ASSETS AUTONOMY BANKS BASIC SERVICES BUDGET CONSTRAINT BUSINESS COMMUNITY BUSINESS ENVIRONMENT CAPITAL MARKETS CENTRALLY PLANNED ECONOMY CITIES COMMAND ECONOMY COMPANY COMPETITIVE ADVANTAGE COMPETITIVE PRESSURES COMPETITIVENESS CONSUMERS CONTROLLED PRICES CORPORATIONS CORPORATISM CORPORATIZATION DEBT DECENTRALIZATION DECISION MAKING DEVELOPMENT ECONOMICS ECONOMICS RESEARCH EMPLOYMENT ENTERPRISE ENTERPRISE GROUPS ENTERPRISE REFORM ENTERPRISE REFORMS ENTREPRENEURS EXCESS CAPACITY EXPORTS FINANCIAL DISCIPLINE FIRMS FISCAL DECENTRALIZATION FOREIGN DIRECT INVESTMENT FREE MARKETS GDP GINI COEFFICIENT GROWTH RATE HOLDING COMPANIES HOUSING HUMAN CAPITAL INDUSTRIAL ECONOMY INDUSTRIAL ENTERPRISES INDUSTRIAL FIRMS INDUSTRIAL OUTPUT INDUSTRIAL SECTOR INDUSTRIALIZATION INTERNAL ORGANIZATION INTERNATIONAL TRADE JOINT VENTURES LABOR MARKETS LAND USE LARGE CITIES LEASING LICENSING LIMITED LIABILITY MANAGEMENT MARKET COMPETITION MARKET DEVELOPMENT MARKET ECONOMIES MARKET SYSTEM MARKET TRANSACTIONS MERGERS MIGRATION MUNICIPAL MUNICIPAL AUTHORITIES MUNICIPAL GOVERNMENTS MUNICIPAL SERVICES MUNICIPALITIES NATIONAL GOVERNMENT ORGANIZATIONAL STRUCTURE OWNERSHIP RIGHTS OWNERSHIP STRUCTURE PENSION PENSION SYSTEM PRIVATE FIRMS PRIVATE OWNERSHIP PRIVATE SECTOR PRIVATIZATION PRIVATIZATION OF STATE PRODUCTION COSTS PRODUCTION TARGETS PRODUCTION UNIT PRODUCTION UNITS PRODUCTIVITY PROFIT MARGINS PROFITABILITY OF ENTERPRISES REFORM REVENUE SHARING SHAREHOLDER VALUE SHAREHOLDERS SMALL SCALE ENTERPRISES SOCIAL SAFETY NET SOCIAL SECURITY SOCIAL SECURITY SYSTEM SOCIAL SERVICES SOCIALIST ECONOMY SOCIALIST MARKET ECONOMY STATE AGENCIES STATE ENTERPRISE STATE ENTERPRISE SECTOR STATE ENTERPRISES STATE FIRMS STATE INDUSTRIAL SECTOR STATE OWNED BANKS STATE OWNED INDUSTRIAL ENTERPRISES STATE OWNERSHIP STATE SECTOR STRUCTURE SUBNATIONAL GOVERNMENTS SUPERVISORY AGENCIES TARIFF BARRIERS TAX REVENUES TRANSACTION COSTS TRANSITION ECONOMIES TRANSPORT UNEMPLOYMENT URBAN DEVELOPMENT URBAN GROWTH URBAN SERVICES URBANIZATION WAGES |
| spellingShingle |
ACCOUNTABILITY AGRICULTURE ASSET STRIPPING ASSETS AUTONOMY BANKS BASIC SERVICES BUDGET CONSTRAINT BUSINESS COMMUNITY BUSINESS ENVIRONMENT CAPITAL MARKETS CENTRALLY PLANNED ECONOMY CITIES COMMAND ECONOMY COMPANY COMPETITIVE ADVANTAGE COMPETITIVE PRESSURES COMPETITIVENESS CONSUMERS CONTROLLED PRICES CORPORATIONS CORPORATISM CORPORATIZATION DEBT DECENTRALIZATION DECISION MAKING DEVELOPMENT ECONOMICS ECONOMICS RESEARCH EMPLOYMENT ENTERPRISE ENTERPRISE GROUPS ENTERPRISE REFORM ENTERPRISE REFORMS ENTREPRENEURS EXCESS CAPACITY EXPORTS FINANCIAL DISCIPLINE FIRMS FISCAL DECENTRALIZATION FOREIGN DIRECT INVESTMENT FREE MARKETS GDP GINI COEFFICIENT GROWTH RATE HOLDING COMPANIES HOUSING HUMAN CAPITAL INDUSTRIAL ECONOMY INDUSTRIAL ENTERPRISES INDUSTRIAL FIRMS INDUSTRIAL OUTPUT INDUSTRIAL SECTOR INDUSTRIALIZATION INTERNAL ORGANIZATION INTERNATIONAL TRADE JOINT VENTURES LABOR MARKETS LAND USE LARGE CITIES LEASING LICENSING LIMITED LIABILITY MANAGEMENT MARKET COMPETITION MARKET DEVELOPMENT MARKET ECONOMIES MARKET SYSTEM MARKET TRANSACTIONS MERGERS MIGRATION MUNICIPAL MUNICIPAL AUTHORITIES MUNICIPAL GOVERNMENTS MUNICIPAL SERVICES MUNICIPALITIES NATIONAL GOVERNMENT ORGANIZATIONAL STRUCTURE OWNERSHIP RIGHTS OWNERSHIP STRUCTURE PENSION PENSION SYSTEM PRIVATE FIRMS PRIVATE OWNERSHIP PRIVATE SECTOR PRIVATIZATION PRIVATIZATION OF STATE PRODUCTION COSTS PRODUCTION TARGETS PRODUCTION UNIT PRODUCTION UNITS PRODUCTIVITY PROFIT MARGINS PROFITABILITY OF ENTERPRISES REFORM REVENUE SHARING SHAREHOLDER VALUE SHAREHOLDERS SMALL SCALE ENTERPRISES SOCIAL SAFETY NET SOCIAL SECURITY SOCIAL SECURITY SYSTEM SOCIAL SERVICES SOCIALIST ECONOMY SOCIALIST MARKET ECONOMY STATE AGENCIES STATE ENTERPRISE STATE ENTERPRISE SECTOR STATE ENTERPRISES STATE FIRMS STATE INDUSTRIAL SECTOR STATE OWNED BANKS STATE OWNED INDUSTRIAL ENTERPRISES STATE OWNERSHIP STATE SECTOR STRUCTURE SUBNATIONAL GOVERNMENTS SUPERVISORY AGENCIES TARIFF BARRIERS TAX REVENUES TRANSACTION COSTS TRANSITION ECONOMIES TRANSPORT UNEMPLOYMENT URBAN DEVELOPMENT URBAN GROWTH URBAN SERVICES URBANIZATION WAGES Yusuf, Shahid Nabeshima, Kaoru Two Decades of Reform : The Changing Organization Dynamics of Chinese Industrial Firms |
| geographic_facet |
East Asia and Pacific China |
| relation |
Policy Research Working Paper; No. 3806 |
| description |
Since the early 1980s, China has begun gradually integrating with the global system. In doing so the country has moved toward its own unique brand of market socialism, which recognizes private ownership, and is adopting market institutions and pursuing industrial change within the framework of an urban economic environment. The process of transition has now permeated every corner of Chinese life and no organization has been left untouched. Yet industrial organization in China-especially in the state sector-has been slow to shed many of the distinctive structural characteristics of the old line Maoist era state enterprises. The main prong of the industrial strategy in support of urban change is ownership reform that transforms state-owned enterprises into corporate entities with majority state ownership or places them wholly in private hands, in the process also bolstering the incentives for and the dynamism of the private sector. While the central government spearheads the ownership reform initiative, in the majority of cases the actual implementation is in the hands of municipal, county, and prefectural governments that must coordinate their efforts with other factors influencing urban changes. This paper situates industrial change in China within the context of urban development and examines the interplay of broad reform strategy with local implementation, and its actual practice by the reformed firms. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Yusuf, Shahid Nabeshima, Kaoru |
| author_facet |
Yusuf, Shahid Nabeshima, Kaoru |
| author_sort |
Yusuf, Shahid |
| title |
Two Decades of Reform : The Changing Organization
Dynamics of Chinese Industrial Firms |
| title_short |
Two Decades of Reform : The Changing Organization
Dynamics of Chinese Industrial Firms |
| title_full |
Two Decades of Reform : The Changing Organization
Dynamics of Chinese Industrial Firms |
| title_fullStr |
Two Decades of Reform : The Changing Organization
Dynamics of Chinese Industrial Firms |
| title_full_unstemmed |
Two Decades of Reform : The Changing Organization
Dynamics of Chinese Industrial Firms |
| title_sort |
two decades of reform : the changing organization
dynamics of chinese industrial firms |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2006/01/6523103/two-decades-reform-changing-organization-dynamics-chinese-industrial-firms http://hdl.handle.net/10986/8834 |
| _version_ |
1764405739644780544 |
| spelling |
okr-10986-88342021-04-23T14:02:40Z Two Decades of Reform : The Changing Organization Dynamics of Chinese Industrial Firms Yusuf, Shahid Nabeshima, Kaoru ACCOUNTABILITY AGRICULTURE ASSET STRIPPING ASSETS AUTONOMY BANKS BASIC SERVICES BUDGET CONSTRAINT BUSINESS COMMUNITY BUSINESS ENVIRONMENT CAPITAL MARKETS CENTRALLY PLANNED ECONOMY CITIES COMMAND ECONOMY COMPANY COMPETITIVE ADVANTAGE COMPETITIVE PRESSURES COMPETITIVENESS CONSUMERS CONTROLLED PRICES CORPORATIONS CORPORATISM CORPORATIZATION DEBT DECENTRALIZATION DECISION MAKING DEVELOPMENT ECONOMICS ECONOMICS RESEARCH EMPLOYMENT ENTERPRISE ENTERPRISE GROUPS ENTERPRISE REFORM ENTERPRISE REFORMS ENTREPRENEURS EXCESS CAPACITY EXPORTS FINANCIAL DISCIPLINE FIRMS FISCAL DECENTRALIZATION FOREIGN DIRECT INVESTMENT FREE MARKETS GDP GINI COEFFICIENT GROWTH RATE HOLDING COMPANIES HOUSING HUMAN CAPITAL INDUSTRIAL ECONOMY INDUSTRIAL ENTERPRISES INDUSTRIAL FIRMS INDUSTRIAL OUTPUT INDUSTRIAL SECTOR INDUSTRIALIZATION INTERNAL ORGANIZATION INTERNATIONAL TRADE JOINT VENTURES LABOR MARKETS LAND USE LARGE CITIES LEASING LICENSING LIMITED LIABILITY MANAGEMENT MARKET COMPETITION MARKET DEVELOPMENT MARKET ECONOMIES MARKET SYSTEM MARKET TRANSACTIONS MERGERS MIGRATION MUNICIPAL MUNICIPAL AUTHORITIES MUNICIPAL GOVERNMENTS MUNICIPAL SERVICES MUNICIPALITIES NATIONAL GOVERNMENT ORGANIZATIONAL STRUCTURE OWNERSHIP RIGHTS OWNERSHIP STRUCTURE PENSION PENSION SYSTEM PRIVATE FIRMS PRIVATE OWNERSHIP PRIVATE SECTOR PRIVATIZATION PRIVATIZATION OF STATE PRODUCTION COSTS PRODUCTION TARGETS PRODUCTION UNIT PRODUCTION UNITS PRODUCTIVITY PROFIT MARGINS PROFITABILITY OF ENTERPRISES REFORM REVENUE SHARING SHAREHOLDER VALUE SHAREHOLDERS SMALL SCALE ENTERPRISES SOCIAL SAFETY NET SOCIAL SECURITY SOCIAL SECURITY SYSTEM SOCIAL SERVICES SOCIALIST ECONOMY SOCIALIST MARKET ECONOMY STATE AGENCIES STATE ENTERPRISE STATE ENTERPRISE SECTOR STATE ENTERPRISES STATE FIRMS STATE INDUSTRIAL SECTOR STATE OWNED BANKS STATE OWNED INDUSTRIAL ENTERPRISES STATE OWNERSHIP STATE SECTOR STRUCTURE SUBNATIONAL GOVERNMENTS SUPERVISORY AGENCIES TARIFF BARRIERS TAX REVENUES TRANSACTION COSTS TRANSITION ECONOMIES TRANSPORT UNEMPLOYMENT URBAN DEVELOPMENT URBAN GROWTH URBAN SERVICES URBANIZATION WAGES Since the early 1980s, China has begun gradually integrating with the global system. In doing so the country has moved toward its own unique brand of market socialism, which recognizes private ownership, and is adopting market institutions and pursuing industrial change within the framework of an urban economic environment. The process of transition has now permeated every corner of Chinese life and no organization has been left untouched. Yet industrial organization in China-especially in the state sector-has been slow to shed many of the distinctive structural characteristics of the old line Maoist era state enterprises. The main prong of the industrial strategy in support of urban change is ownership reform that transforms state-owned enterprises into corporate entities with majority state ownership or places them wholly in private hands, in the process also bolstering the incentives for and the dynamism of the private sector. While the central government spearheads the ownership reform initiative, in the majority of cases the actual implementation is in the hands of municipal, county, and prefectural governments that must coordinate their efforts with other factors influencing urban changes. This paper situates industrial change in China within the context of urban development and examines the interplay of broad reform strategy with local implementation, and its actual practice by the reformed firms. 2012-06-22T19:28:37Z 2012-06-22T19:28:37Z 2006-01 http://documents.worldbank.org/curated/en/2006/01/6523103/two-decades-reform-changing-organization-dynamics-chinese-industrial-firms http://hdl.handle.net/10986/8834 English Policy Research Working Paper; No. 3806 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research East Asia and Pacific China |