Chinese government has to intervene, manage and control.
When the housing prices began surging in 2006, the State Council published six regulative measures in May to adjust the structure of residence supply, focusing on the development of medium and small houses to satisfy the demand of ordinary buyers. These policies were aimed to stabilize the housing price and not to reduce it. Despite the
Purpose of the Study
To put China’s catch-up strategies into international comparisons.
Washington Consensus;
East Asian model;
To figure out the uniqueness of Chinese catch-up strategies: Beijing Consensus?
To assess Prospect of China
Explanation on China’s Catch-up
Traditional explanation on China’s reform success
Took advantage of ‘comparative advantage’ in lab
Core
As mentioned before, the Chinese economy was dominated by the reign of the SOE before the reform of 1978. It was not apparent for the private sector to take an important role in the economy as a whole. However the situation has seemed to turn around in the most recent years, as SMEs & private enterprises are growing in size and numbers while the SOEs are dwindling. In 2008 approximately 70%
the Russian model.
The process was quite different from redundancy
in advanced industrial economies.
The SOE retained a concrete set of obligations to laid off
employees as well as a formal, albeit pared down,
labor relationship for a maximum period of three years.
8.1 The institutional transformation of Chinese labor
P.187
8.1.3 Employment, Unemployment, and State-Sector Downsizing
Chinese government support
MBV.
AI-Based Strategic Management (May-June 2021) Copyright by Prof. Dong-sung.Cho15
Jack Welch, Former Chairman of GE
Supporters of MBV
AI-Based Strategic Management (May-June 2021) Copyright by Prof. Dong-sung.Cho16
AI-Based Strategic Management (May-June 2021) Copyright by Prof. Dong-sung.Cho17
Jack Welch talks on the Mechanism (1)
October 22, 2001, in Jack Welch’