China and the Multinationals: International Business and the Entry of China into the Global Economy(New Horizons in International Business series)

This original and important book explores how the interaction between China and multinational enterprises (MNEs) has the potential to affect the future of the Chinese economy, the global economy, and international business. It examines the interaction of two of the most important forces affecting the development of the global economy in recent decades - firstly the opening and massive growth of the Chinese economy, and secondly the rise in foreign direct investment per se and the consequent strategic restructuring of major MNEs. The expert contributors begin by investigating precisely how leading MNEs, with well-honed international practices and commitments, have drawn their subsidiaries in China into their established networks. They suggest that MNEs' operations are increasingly embedded in the growth and sustainability of the Chinese economy itself, rather than merely serving as a supply base for their global markets. The second part of the book examines the emergence of new MNEs from China itself. It shows how these MNEs are seen as integral to China's development, and how their ability to expand reflects strengths from China's growth as well as revealing the growing needs required for sustainability. This timely study will be of great interest not just to those following one of the world's key economies, but also to researchers and students of the fast-paced changes in international business strategy.

Table of Contents:
Contents: 1. China and the Multinationals Robert Pearce 2. The Opening of China and the Strategic Expansion of Multinationals: An Analysis of Subsidiary Motivation and Roles Si Zhang and Robert Pearce 3. Multinationals’ R&D in China and its Implications for China’s National System of Innovation Si Zhang 4. The Growth and Strategic Orientation of Multinationals’ R&D in China Feng Zhang and Robert Pearce 5. Capability Development of Foreign-Owned Subsidiaries in China During their Early Evolution Feng Zhang 6. Corporate Hybrids and the Co-evolution of Institutions and Enterprise in China Simon Collinson and Yanxue Sun 7. The Emergence of Chinese Firms as Multinationals: The Influence of the Home Institutional Environment Peter J. Buckley, Hinrich Voss, Adam R. Cross and L. Jeremy Clegg 8. The Political Economy of Infrastructure Multinationals: The Case of Chinese Investment in Africa Yuxuan Tang and Robert Pearce 9. The Overseas Expansion of Chinese Multinational Corporations Bersant Hobdari, Evis Sinani, Marina Papanastassiou and Robert Pearce Index

About the Author :
Edited by The late Robert Pearce, formerly Professor of International Business Emeritus, John H Dunning Centre for International Business, Henley Business School and Department of Economics, University of Reading, UK