East Asian Business Systems in Evolutionary Perspective: Entrepreneurship and Coordination

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Tony Fu-Lai Yu
Nova Science, 2003 - Business & Economics - 171 pages
Economic studies on East Asia economies in general and Chinese economies are not lacking. However, most studies hitherto adopt the conventional neo-classical economic approach. In particular, the Cobb-Douglas production function and/or theory of comparative advantage are often applied to explain economic growth of an Asian economy. In international business, Dunning's eclectic theory is also widely adopted to understand the pattern of foreign direct investments in East Asian economies. Yet it is generally agreed that the mainstream neo-classical approach has severe drawbacks and limitations. In particular, it does not consider the role of knowledge and uncertainty. Entrepreneurship, which is the true engine of growth, is largely missing in neo-classical economics. This book uses the evolutionary approach to analyse economic and business activities in East Asian economies. Specifically, the book focuses on knowledge and coordination problems and examines the role of entrepreneurship in economic affairs.

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About the author (2003)

Dr. Kui Yin Cheung: Associate Professor, Department of Economics, Lingnan University Dr. Chengze Simon Fan: Associate Professor, Department of Economics, Lingnan University Ms. Diana Sze-Man Kwan: Project coordinator, Office of Educational Services, The Chinese University of Hong Kong Dr. Yi Zheng Shi: Assistant Professor, Department of Marketing, Hong Kong Baptist University Dr. Gary M.C. Shiu: Research Fellow, The Hong Kong Institute of Asia Pacific Research, The Chinese University of Hong Kong Dr. Tony Fu-Lai Yu: Visiting Fellow, School of Economics and Management, University College, University of New South Wales, (Australian Defense Force Academy)

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