Foreign investment and socio-economic development in China : the case of Dongguan / Godgrey Yeung ; foreword by Robert Ash.

Format:

Book

Author/Creator:

Yeung, Godfrey, 1967-

Series:

Studies on the Chinese economy

Language:

English

Subjects (All):

Investments, Foreign--China--Dongguan Shi.

Investments, Foreign.

Investments, Foreign--Social aspects--China--Dongguan Shi.

Investments, Foreign--Social aspects.

Dongguan Shi (China)--Economic conditions.

Dongguan Shi (China).

China--Dongguan Shi.

Physical Description:

xviii, 273 pages : illustrations, map ; 23 cm.

Place of Publication:

Houndmills, Basingstoke, Hampshire ; New York : Palgrave, 2001.

Summary:

This book investigates the causes and socio-economic effects of foreign direct investment in the Dongguan municipality of southern China during the 1990s. Based on comprehensive quantitative and qualitative research, it illustrates that the inflow of of foreign capital has both "desirable" and "undesirable" socio-economic effects. Yeung proposes a new "dynamic symbiosis" paradigm of foreign direct investment in order to illuminate the complex political and socio-economic relationships of the area.

Contents:

2 Theoretical Foundation 20

2.1 Western theories of FDI 20

2.2 Socio-economic effects in the host country 31

3 The Economy of Dongguan 44

3.1 Historical background 44

3.2 Historical overview of Dongguan's economic structure 47

3.3 Foreign investment policy 68

3.4 Foreign investment in Dongguan 72

4 The Investment Environment 93

4.1 The development strategy of Dongguan 93

4.2 Infrastructure 96

4.3 Factors of production 110

4.4 Bureaucratic red tape and the abuse of power 115

4.5 Customs 120

4.6 Favourable investment factors in Dongguan 125

4.7 Applicability of the eclectic paradigm of international production 135

5 The Socio-economic Impact of Foreign Investment 141

5.1 Economic structure 141

5.2 Regional differentiation of economic growth 149

5.3 Locally-funded and foreign-financed industries 162

5.4 Connections and management of foreign-financed firms 166

5.5 Competitive approaches of foreign-financed firms 170

5.6 Infrastructure 174

5.7 Environment 177

5.8 Work environment and industrial safety 183

5.9 Mentality of migrants 188

5.10 Mentality of local people 191

6.3 Theoretical implications 216

6.4 Policy agenda 227

Appendix I The 33 Administrative Towns and District in Dongguan, 1997 236

Appendix II Common Misconceptions in the Relocation of Manufacturing 237.

Notes:

Includes bibliographical references (pages 249-270) and index.

ISBN:

0333778251

OCLC:

45276674