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Entrepreneurship in China, by Keming, Dr Yang
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The emergence of China as a major world economy is of great importance to the global political economy and to international business. There has been much research on the macro level of institutional reform but little detailed work on the grassroots level of entrepreneurship in China. This innovative book addresses this gap by investigating how an economic system dominated by central plans, communist ideologies and suppressing bureaucracies could generate such energy from the bottom of society, fuelling the country's economic growth.
Keming Yang’s theory of entrepreneurship is based on two interrelated concepts: double entrepreneurship and institutional holes. He argues that the two concepts bridge a gap between the neo-classical institutionalism of economic development and entrepreneurship studies that emphasize individual choice. The rigorous theoretical framework is supported by substantial empirical research, offering statistical analyses of survey data as well as detailed case studies.
This timely book will appeal to an interdisciplinary readership in sociology, economics, business studies and Chinese and Asian Studies.
- Sales Rank: #3159443 in eBooks
- Published on: 2012-12-28
- Released on: 2012-12-28
- Format: Kindle eBook
Review
'We hear a great deal - pessimistic, optimistic, and fearful in turn - about business in China these days. But rarely do we get the combination of theoretical sharpness, first-hand observation, and organizational insight that Keming Yang brings to his meticulous study of entrepreneurship in Chinese business. Even Chinese business people have much to learn from Yang.' Charles Tilly, Columbia University, USA 'Keming Yang's original, masterly and carefully considered account of the entrepreneurial process in China is the best available. It is a thorough-going analysis and vivid presentation of the opportunities for entrepreneurship at a time when China's institutional infrastructure is undergoing dramatic change.' Laixiang Sun, University of London, UK 'Examines the grassroots level of entrepreneurship in China and its relationship to the country's emergence as a major world economy...' Journal of Economic Literature 'Keming Yang asks an important question in this book: how was China able to achieve sustained high rates of economic growth without the economic institutions and policies tha are normally considered necessary for successful development?...Yang offers a promising perspective on the issue of entrepreneurship...' The China Journal '...empirically grounded and engaged with theoretical issues surrounding entrepreneurship. It will be essential reading for those interested in the study of China's growing private sector...this is a very good book and it deserves careful reading.' Contemporary Sociology 'Keming Yang's monograph is a tour de force. It offers a creative exploration of economic and sociological institutional literatures applied to Chine, an original framework for classifying entrepreneurial activities, and well-chosen case studies. To top it off, it is written in a wonderfully personal and direct voice, without compromising its intellectual purposefulness.' China Review International
About the Author
Keming Yang, Dr, School of Applied Social Sciences, University of Durham, UK
Most helpful customer reviews
0 of 0 people found the following review helpful.
Good book, but could be more interesting
By Frank S. Fang
Keming Yang mentioned that "each choice of a research topic or strategy is a choice of what kind of perosn to be", and he chose this one instead of the "comparative democratic development in Russia and China". I guess it might be more fruitful if he did otherwise. A sociology perspective on the entrepreneurship couldn't seem to bridge the gap between "institution-entrepreneurship" and "entrepreneurship-development". Institution hole and double entrepreneurship had been well addressed in the rent-seeking and profit-seeking literatures, not much excitement here.
There are three other problems:
1. the non-comparative nature of the topic took away the author's potential advangage of a cultural perspective;
2. it under-estimates the structural change in China's institutional reform, especially in recent years;
3. the focus on Institution hole and double entrepreneurship blurs the theoretical thrust of the argument of "institution - entrepreneurship - development".
1 of 1 people found the following review helpful.
entrepreneurs coping
By W Boudville
Yang provides an understanding of what entrepreneurs face in China. A vital topic if China's economy is to continue to grow strongly. He explains how people cope with the business and political situation. The Chinese Communist Party often rules by policy and not by law. Policies are usually more flexible and consistent with some overall political system than a rigid codification of law. Another key advantage is that policies can be easier for ordinary folk to understand; rather than some legalese.
The book also has several case studies of Chinese entrepreneurs. Well, some successful ones, at least. He doesn't really talk much about those who have failed. But this is scarcely any different than all those breezy business books about starting up in the US. Few of those ever chronicle the many American failures. Capitalism does have a downside, in the human toll of these failures, in any country where it is practised.
0 of 0 people found the following review helpful.
If you want to understand entrepreneurship in China, read this book
By Lizzie
This is the best book that I have read on entrepreneurship in China. Actually, I just happen to read the review on this book by Professor Douglas Guthrie (New York University) published at Contemporary Sociology, which is very positive. In my view, everyone who wants to understand China's amazing economic achievements should read this book; it is not just about entrepreneurship; it is about how different kinds of Chinese people (officials, ordinary people, business owners, of course) behave as well. It is full of insights and conceptual innovations. I don't know whether it will become a classic, but I am pretty sure many people will still find this book useful many years later.
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