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Business organizations are important subjects in organizational studies, but their social-spatial constitution is largely caricatured in the existing theoretical literature. This paper examines the nature and operations of business organizations, arguing that the concept of business organizations embraces more than their rigid separation from the external environment. Business organizations should rather be conceptualized as causal agencies capable of exercising their peculiar modes of rationality; they gain causal powers from ongoing networks of social relations embedded in society and space. The quest for control, power and strategic advantages provides the central dynamics to a continuous process of structuration between business organizations and their network relations. In practice, business organizations become a network form of governance structure that replaces `spaces of firms' by `spaces of network relations'. Because business organizations are embedded in network relations, they must also be embedded in geographically specific localities in order to reproduce themselves. This notion of the geographical embeddedness of business organization is further illustrated with an example of Chinese business organizations from Hong Kong. Some elements of a future research agenda are proposed in the concluding section.

Discusses the state's role in promoting the regional operations of domestic corporations; focuses on the lack of indigenous entrepreneurship, the state's role as entrepreneur and in changing the comparative advantage of regionalization through various incentive schemes.

This volume ultimately aims to develop a theory of global production networks that explains economic development in the interconnected global economy. It provides robust answers to a fundamental question: how is development in different economies driven by their participation in value activities organised through global production networks? These answers can also offer new theoretical insights into why the organisation and coordination of global production networks varies significantly between different industries, sectors, and economies, and why those variations matter for economic development.

'This volume is excellent. Students who are interested in Asian business should read it and will find the comprehensive bibliography offered by the different contributors very helpful. In light of the recent global financial crises, it is time to re-examine the "Asian miracles," as well as the Western models of business organizations and regulations. This volume offers great insights not just on Asian business but also on Western economies and business. It is also time to adopt an integrative approach recommended by Yeung through comparative research of businesses and economies in different institutions and cultures.' - Yifei Sun, Economic Geography. 'An absolute "must-have" for college library reference shelves, filled cover-to-cover with keen analyses that any businessperson seeking to make inroads in an Asian market needs to study at length!' - Midwest Book Review. 'This book serves as an important guide to the many fascinating research questions about Asian business waiting to be addressed. The study of Asian business has reached equality in importance to the study of business in Europe and North America. Researchers who study any of these regions have an incentive to follow the study of business in the other regions, if for no other reason than that many global firms from each region operate in all regions now. Nonetheless, the more important reason for knowledge transfer among researchers of each region is that these exchanges can only advance everyone's research. Henry Yeung and the contributors are to be thanked for setting out a rich agenda for research on Asian business that will elevate this study to equality with research elsewhere in the world.' - Eurasian Geography and Economics. 'This book is extremely comprehensive and well researched. It will be of particular interest to scholars in the fields of international business, development studies, economic geography, regional studies as well as international and national policymakers.' - Science Technology & Society. The rise of Asia as an important region for global business has been widely recognized as one of the most significant economic phenomena in the new millennium. This accessible and comprehensive Handbook brings together state-of-the-art reviews of Asian business in an expansive range of areas including: business organizations, strategic management, marketing, state-business relations, business and development, business policy issues. It is argued that whilst academic studies on Asian ...

1. An institutional perspective on entrepreneurship in international business -- 2. Transnational entrepreneurship in two contrasting Asian contexts : Hong Kong and Singapore -- 3. City-states and their global reach : outward investments from Hong Kong and Singapore -- 4. Entrepreneurs in international business -- 5. Empowered managers : intrapreneurs in international business -- 6. Conclusion : developing entrepreneurship in international business.