The challenge of globalization for large Chinese firms
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 30, Heft 12, S. 2089-2107
ISSN: 0305-750X
As China joins the World Trade Organization, the authors question whether China's large firms will be able to compete on the global level playing field. Over the past two decades, Chinese large enterprises have undertaken extensive evolutionary change but, at the same time, the world's leading firms have undergone a revolutionary transformation. Based on analysis of firms with the aerospace, oil and petrochemical industry, the authors conclude that China's leading firms face critical challenges, even in sectors in which China's policy-makers have scored significant success. (World Development/DÜI)