This book provides novel insights into how Chinese provinces have developed into major sources of China’s outbound investments. Focusing on the Yangtze River Delta region, the book compares two provinces with highest outbound investment in China, Jiangsu and Zhejiang and traces how locality-unique conditions contribute to the economic internationalization of Chinese provinces. Through its in-depth exploration of these case studies, the book reveals how the deficiency of enterprises’ investment capacity heavily depends on the unique political, economic, formal and informal institutions of each province. The findings presented in this book also offer conclusions relevant to the study of the internationalization process of emerging economies engaging in outward investment, such as India and Brazil. Featuring insights from interviews with scholars, managers and government officials this will be an invaluable resource for scholars, students and professionals interested in International Economics, International Political Economy, Chinese Studies and Asian Studies.
"This book provides novel insights into how Chinese provinces have developed into major sources of China's outbound investments. Focusing on the Yangzi River Delta region, the book compares two provinces with highest outbound investment in China, Jiangsu and Zhejiang and traces how locality-unique conditions contribute to the economic internationalization of Chinese provinces. Through its in-depth exploration of these case studies the book reveals how the deficiency of enterprises' investment capacity heavily depends on the unique political, economic, formal and informal institutions of each province. The findings presented in this book also offer conclusions relevant to the study of the internationalization process of emerging economies engaging in outward investment, such as India and Brazil. Featuring insights from interviews with scholars, managers and government officials this will be an invaluable resource for scholars, students and professionals interested in International Economics, International trade, Chinese studies and Asian studies"--
For the last decade, China and India have grown at an amazing rate—particularly considering the greatest downturn in the U.S. and Europe since the Great Depression. As a result, both countries are forecast to have larger economies than the U.S. or EU in the years ahead. Still, in the last year, signs of a slowdown have hit these two giants. Which way will these giants go? And how will that affect the global economy? Any Western corporation, investor, or entrepreneur serious about competing internationally must understand what makes them tick. Unfortunately, many in the West still look at the two Asian giants as monoliths, closely controlled mainly by their national governments. Inside Out, India and China makes clear how and why this notion is outdated. William Antholis—a former White House and State Department official, and the managing director at Brookings—spent five months in India and China, travelling to over 20 states and provinces in both countries. He explored the enormously diversity in business, governance, and culture of these nations, temporarily relocating his entire family to Asia. His travels, research, and interviews with key stakeholders make the unmistakable point that these nations are not the immobile, centrally directed economies and structures of the past. More and more, key policy decisions in India and China are formulated and implemented by local governments—states, provinces, and fast-growing cities. Both economies have promoted entrepreneurship, both by private sector and also local government officials. Some strategies work. Others are fatally flawed. Antholis’s detailed narratives of local innovation in governance and business—as well as local failures—prove the point that simply maintaining a presence in Beijing and New Delhi – or even Shanghai and Mumbai —is not enough to ensure success in China or India, just as one cannot expect to succeed in America simply by setting up in Washington or New York. Each nation is as large, vibrant, innovative, diverse, and increasingly decentralized as are the United States, Europe and all of Latin America … combined. China and India each have their own agricultural heartlands, high-tech corridors, resource-rich areas, and powerhouse manufacturing regions. They also have major economic, social, environmental challenges facing them. But few people outside these countries can name those places, or have a mental map of how the local parts of these countries are shaping their global futures. Organizations, businesses, and other governments that do not recognize and plan for this evolution may miss that the most important changes in these emerging giants are coming from the inside out. “This book is for people who wonder about the inside of China and India, and how different local perspectives inside those countries shape actions outside their borders. Though my family and I spent five months traveling in both countries to do research, this book is not a travelogue. Rather, it is an attempt to sketch how a few of China’s and India’s many component parts are being shaped by global forces—and in turn are shaping those forces—and what that means for Americans and Europeans conducting diplomacy and doing business there.”—from the Introduction
This book discusses the Belt and Road Initiative at the provincial level in China. It analyses the evolution of the role of local governments in Chinese foreign policy since the opening of China’s economy in 1978, showing how the provinces initially competed with each other, and how the central government was forced to react, developing more centralised policies. Unlike other books on the Belt and Road Initiative, which focus on the international aspects of the initiative, this book demonstrates the importance of the Belt and Road in reinforcing China’s unitary status and for managing and coordinating development at the local level as well as centre-province relations and province to province relations inside China.
Traditionally, political scientists and economists have seen China as a single entity and business people have seen China as a single market. This book challenges the notion of a centralised and unified China, and outlines how provinces are taking on new economic and political roles, forced upon them by decentralisation.It is the most thorough data on contemporary Chinese provinces available and will be of great interest to researchers and graduate students of politics, economics and business as well as Asian studies.
India and China are home to one-third of humanity. In both nations, local and regional leaders outside of New Delhi and Beijing play an increasingly important role in policy decisions. So how do developments in Indian states and Chinese provinces affect the actions of both countries on the world stage? In 2012, author William Antholis set out to understand India and China from the inside out. With his wife and two daughters he embarked upon a five-month odyssey through 20 states or provinces in the two Asian giants. They interviewed national and local political leaders, met with corporate executives, journalists, academics, diplomats, religious leaders, teachers, farmers, slum dwellers, and—not just inevitably but usefully—waiters and taxi drivers. If you enjoy this essay, you may enjoy William Antholis’s book on the same topic—Inside Out, India and China: Local Politics Go Global THE BROOKINGS ESSAY: In the spirit of its commitment to high-quality, independent research, the Brookings Institution has commissioned works on major topics of public policy by distinguished authors, including Brookings scholars. The Brookings Essay is a multi-platform product aimed to engage readers in open dialogue and debate. The views expressed, however, are solely those of the author. Available in ebook only.
One third of humanity is governed by two capitals, New Delhi and Beijing. Increasingly, these two countries are being led not from the top down, but rather from the Inside Out. In 2014, India overwhelmingly elected Narendra Modi minister, a man who rose to national prominence as chief minister of Gujarat, India's fastest growing state. Likewise, in 2013, Xi Jinping took over as president of China, having served as top official in Zhejiang and Shanghai, two of China's most prosperous provinces. Anticipating these trends and leadership transitions, William Antholis spent five months in 2012 traversing twenty Indian states and Chinese provinces, conducting over three hundred interviews, including with Narendra Modi. Antholis's detailed narratives show what both Modi and Xi Jinping learned firsthand: that local successes—and failures—will determine the future of the world's largest two nations. And his new forward, prepared for this edition, lays out key takeaways from the transitions of 2013 and 2014.
This book discusses the Belt and Road Initiative at the provincial level in China. It analyses the evolution of the role of local governments in Chinese foreign policy since the opening of China’s economy in 1978, showing how the provinces initially competed with each other, and how the central government was forced to react, developing more centralised policies. Unlike other books on the Belt and Road Initiative, which focus on the international aspects of the initiative, this book demonstrates the importance of the Belt and Road in reinforcing China’s unitary status and for managing and coordinating development at the local level as well as centre-province relations and province to province relations inside China.
