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Changing Lanes in China: Foreign Direct Investment, Local Governments, and Auto Sector Development

Changing Lanes in China: Foreign Direct Investment, Local Governments, and Auto Sector Development

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Eric Thun
Cambridge University Press, 6/5/2008
EAN 9780521724098, ISBN10: 0521724090

Paperback, 346 pages, 22.8 x 15.2 x 2.1 cm
Language: English

This book addresses two of the most important trends in political economy during the last two decades - globalization and decentralization - in the context of the world's most rapidly growing economic power, China. The intent is to provide a better understanding of how local political and economic institutions shape the ability of Chinese state-owned firms to utilize foreign direct investment (FDI) to remake themselves in the transition from inefficient and technologically backward firms into powerful national champions. In a global economy, the author argues, local governments are increasingly the agents of industrial transformation at the level of the firm. Local institutions are durable over time, and they have important economic consequences. Through an analysis of five Chinese regions, the treatment seeks to specify the opportunities and constraints that alternative institutional structures create, how they change over time, and ultimately, how they prepare Chinese firms for the challenge of global competition.

Part I. Introduction
1. Local governments, FDI, and industrial development
2. The view from the center
Part II. Development in a Protected Market
3. Coordinating development in the auto sector
4. Shanghai
a local development state
5. Beijing and Guangzhou
laissez-faire local states
6. Changchun and Wuhan
firm-dominated localities
Part III. Deepening Global Integration
7. Global integration and the challenge of upgrading
8. Growth, change, and the challenge of governance
Part IV. Conclusion
9. Local institutions in a global economy.