Research Handbook on the Globalization of Chinese Firms

Research Handbook on the Globalization of Chinese Firms

Elgar original reference

Edited by Craig C. Julian, Zafar U. Ahmed and Junqian Xu

This comprehensive research Handbook encompasses an expansive range of perspectives on the globalization process of Chinese firms. Eminent global scholars provide contributions on a variety of topics, including: • industrial innovation; • technological innovation and learning; • the performance of Chinese international joint ventures,; • the global consumer; • Foreign Direct Investment (FDI) including barriers to FDI and FDI in China’s hinterland areas; • the globalization of Chinese business practices in Africa; • the Human Resource Management Transfer Process; • Corporate Information Disclosure in China’s Stock Market; and • the home employment effect.

Chapter 11: Economic globalization and regional economic integration in China

Rong Yizhong

Subjects: asian studies, asian business, business and management, asia business, international business

Extract

Globalization, technological advances and strong market competition are increasingly driving cities to seek new ways to compete and to cooperate with their partners. Over recent decades cities have begun to relocate and plan in order to maintain or improve competitiveness (Chen, 2008; Friedman, 1972; Griffith, 1979; Rao, 1999). The most obvious characteristic of regional integration is re-combinations and configurations by way of a market economy (Feng, 2005; Gottman, 1975; Rykiel, 1984). Therefore, there is an urgent need to break local administrative barriers and form a unified market, which can make local cities allocate their resources more efficiently in a larger space, also including more collaboration and division of labor. The economic link and cooperation will also be closer among the economic entities. So we know that the city boundary is no longer limited by a sense of geographical space (Haggett, 1965; Pred, 1975), there is a new phenomenon that is referred to as a radiation boundary of city economic zones (Li et al., 2006; Yu, 2003; Zhou, 1995). In the context of economic globalization and regional economic integration, the emergence of urban economic regions suggests an advanced stage of urbanization is coming (Miao and Wang, 2006). The radiation effect and concentration effect of the central city makes their adjacent regions lose their independence gradually, being attached to the core city. In this process, the integration of urban and district areas helps form the complete urban area.

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