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Knowledge, Organization, and ManagementBuilding on the Work of Max Boisot$
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John Child and Martin Ihrig

Print publication date: 2013

Print ISBN-13: 9780199669165

Published to Oxford Scholarship Online: September 2013

DOI: 10.1093/acprof:oso/9780199669165.001.0001

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From Fiefs to Clans and Network Capitalism: Explaining China’s Emerging Economic Order

From Fiefs to Clans and Network Capitalism: Explaining China’s Emerging Economic Order

Chapter:
(p.18) (p.19) 2 From Fiefs to Clans and Network Capitalism: Explaining China’s Emerging Economic Order
Source:
Knowledge, Organization, and Management
Author(s):

Max Boisot

John Child

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199669165.003.0002

China's rapid economic development is being accomplished through a system of industrial governance and transaction that differs from Western experience. Here, we identify the broad institutional nature of this distinctiveness within a framework of information codification and diffusion. The emergent features of China's economic order are analyzed with reference to the business system developing there, in particular, the nature of market arrangements, the form of capitalism, and the role of government within that system. The limited extent of codification of information in China and its communal property rights and organization of economic transactions suggest that decentralization from the former state-command system is giving rise to a distinctive institutional form - network capitalism.'

Keywords:   China, business system, development, institutions, market, network capitalism, government

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