China's Social Market Economy: The Leverage of Economic Growth

被引:11
作者
Berger, Ron [1 ]
Choi, Chong Ju [2 ]
Herstein, Ram [1 ]
机构
[1] Jerusalem Acad Ctr, Lander Inst, Dept Business Management, Jerusalem, Israel
[2] Cass City Univ, Sch Business, Dept Shipping Trade & Finance, London, England
关键词
China; Communitarian Business System; Social Market Economy; Stakeholder Business System; Stakeholders;
D O I
10.4018/jabim.2013010103
中图分类号
F [经济];
学科分类号
02 ;
摘要
In 2011, China continues to be the world's largest recipient of direct foreign investment-which in 2010 totaled US$ 105 billion. China is also the world's second largest economy after the U.S. Once a staunchly Communist state, China now advocates a "social market economy" as its business system. The purpose of this paper is threefold. First, this paper seeks to understand what is meant by a "social market economy". Second, the paper analyzes the traditional shareholder and stakeholder debate by examining different national economies together with their respective societies in terms of business systems. Third, the paper discusses some implications of the emergence of the Chinese economy and business system in the context of potential contributions to social science research. This paper shows that China's social market economy has many similarities to the stakeholder business system increasingly advocated in global ethics research and presents the challenges to be faced by China's social market economy in the future.
引用
收藏
页码:21 / 30
页数:10
相关论文
共 49 条
[31]   TECHNOLOGICAL CAPABILITIES AND JAPANESE FOREIGN DIRECT-INVESTMENT IN THE UNITED-STATES [J].
KOGUT, B ;
CHANG, SJ .
REVIEW OF ECONOMICS AND STATISTICS, 1991, 73 (03) :401-413
[33]   Latin American capitalism: economic and social policy in transition [J].
Martinez, Juliana ;
Molyneux, Maxine ;
Sanchez-Ancochea, Diego .
ECONOMY AND SOCIETY, 2009, 38 (01) :1-16
[34]  
Peng M., 2003, J MANAGEMENT STUDIES
[35]   Changes in developed countries' economic systems since the 1980s: implications for developing countries [J].
Perraton, Jonathan .
ECONOMY AND SOCIETY, 2009, 38 (01) :177-201
[36]  
Phan P., 2001, ASIA PACIFIC J MANAG, V18, P131, DOI DOI 10.1023/A:1010630320396
[37]  
Porter M.E., 2011, COMPETITIVE ADVANTAG
[38]   Corporate governance reforms in developing countries [J].
Reed, D .
JOURNAL OF BUSINESS ETHICS, 2002, 37 (03) :223-247
[39]   Understanding Latin American political economy: varieties of capitalism or fiscal sociology? [J].
Schrank, Andrew .
ECONOMY AND SOCIETY, 2009, 38 (01) :53-61
[40]   The age of responsibilization: on market-embedded morality [J].
Shamir, Ronen .
ECONOMY AND SOCIETY, 2008, 37 (01) :1-19