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The Oxford Handbook of Asian Business Systems aims to address this imbalance by exploring the shape and consequences of institutional variations across the political economies of different societies within Asia. Drawing on the deep knowledge of 31 leading experts, this book presents an empirical, comparative institutional analysis of 13 major Asian business systems between India and Japan. To aid comparison, each country chapter follows the same consistent outline. Complementing the country chapters are eleven contributions examining major themes across the region in comparative perspective and linking the empirical picture to existing theory on these themes. A further three chapters provide perspectives on the influence of history and institutional change. The concluding chapters spell out the implications of all these chapters for scholars in the field and for business practitioners in Asia.
The Handbook is a major reference work for scholars researching the causes of success and failure in international business in Asia.
Michael A. Witt, Professor of Asian Business and Management, INSEAD; Associate in Research, Reischauer Institute, Harvard University,Gordon Redding, Professor of Asian Business and Comparative Management, INSEAD, Singapore, and the Secretary General of the HEAD Foundation, Singapore
Michael A. Witt is a Professor of Asian Business and Comparative Management at the Singapore campus of INSEAD. He is the General Editor of Asian Business & Management, an SSCI-listed journal on business and management in the Asian context. He is an Associate in Research at the Reischauer Institute at Harvard University, and for 2011/12, he held a Humboldt Fellowship for Experienced Researchers to conduct research at the Free University Berlin. His other books include The Future of Chinese Capitalism, with Gordon Redding (OUP, 2007), Changing Japanese Capitalism (CUP, 2006), and an eight-volume edited compilation of seminal contributions on Asian business and its institutional context, Major Works in Asian Business and Management (SAGE, 2012). He has published many articles in leading journals, including the Socio-Economic Review, the Journal of International Business Studies, the Asia Pacific Journal of Management, and Asian Business & Management.
Gordon Redding is based at INSEAD in Singapore, teaching Asian business. He holds an Emeritus Professorship at the University of Hong Kong where he taught for twenty-four years, and where he founded and directed the business school. He is also Secretary-General of the HEAD Foundation in Singapore, a think-tank devoted to regional issues of social capital and development via higher education. His books include The Working Class Manager (Saxon House), Spirit of Chinese Capitalism (de Gruyter), The Enterprise and Management in East Asia (Centre of Asian Studies), edited with Stewart Clegg and Dexter Dunphy, Capitalism in Contrasting Cultures (de Gruyter), edited with Stewart Clegg, International Cultural Differences (Dartmouth), and Cross-Cultural Management (Elgar) with Bruce Stening. A long collaboration with Peter Berger resulted in the co-editing of The Hidden Form of Capital (Anthem).
Table of Contents
1. Introduction, Michael A. Witt and Gordon Redding
2. China: Authoritarian Capitalism
Michael A. Witt and Gordon Redding
3. Hong Kong: Hybrid Capitalism as Catalyst, Gordon Redding, Gilbert Y. Y. Wong, and
William K. W. Leung
4. India: From Failed Developmental State Towards Hybrid Market Capitalism, Lawrence Sae
5. Indonesia: Oligarchic Capitalism, Andrew Rosser
6. Japan: Coordinated Capitalism Between Institutional Change and Structural Inertia, Michael A. Witt
7. Laos: Frontier Capitalism, Edo Andriesse
8. Malasia: Personal Capitalism, Michael Carney and Edo Andriesse
9. The Philippines: Inequality-Trapped Capitalism, Mari Kondo
10. Singapore: Open State-Led Capitalism, Richard W. Carney
11. South Korea: Plutocratic State-Led Capitalism Reconfiguring, Michael A. Witt
12. Taiwan: SME-Oriented Capitalism in Transition
13. Thailand: Post-Developmentalist Capitalism, Akira Suehiro and Natenapha Wailerdsak
14. Vietnam: Post-State Capitalism
Quang Truong and Chris Rowley
15. Business Groups in Asia: An Institutional Perspective, Michael Carney
16. Corporate Governance and Business Systems in Asia, Christina L. Ahmadjian
17. Culture and the Business Systems of Asia, Gordon Redding, Michael Harris Bond and Michael A.Witt
18. Employment Relations and Human Resource Management in Asia: Explaining Patterns in Asian Societies, Stephen Frenkel and Kyoung-Hee Yu
19. Financial Systems in Asia: Where Politics Meets Development, Leslie Young
20. MNEs in Asian Business Systems, Axele Giroud
21. National R&D Systems and Technology Development in Asia, Arnoud De Meyer
22. The Co-evolution of Global Sourcing of Business Support Functions and the Economic Development of Asian Emerging Economies, Arie Y. Lewin and Xing Zhong
23. Social Capital in Asia: Its Dual Nature and Function, Peter Ping Li and Gordon Redding
24. The Role of the State in Asian Business Systems, Richard W. Carney and Michael A. Witt
25. A Survey of Strategic Behaviour and Firm Performance in Asia, Shige Makino and Daphne W. Yiu
26. Pictures of the Past: Historical Influences in Contemporary Asian Business Systems, Regina M. Abrami
27. Beyond Production: Changing Dynamics of Asian Business Groups, Solee Shin and Gary G. Hamilto
28. Change and Continuity in East Asian Business Systems, Richard Whitley
29. Asian Business Systems: Implications and Perspectives for Comparative Business Systems and Varieties of
Capitalism Research Michael A. Witt and Gordon Redding
30. Asian Business Systems: Implications for Managerial Practice, Gordon Redding and Michael A. Witt