The Bamboo Network: How Expatriate Chinese Entrepreneurs are Creating a New Economic Superpower in Asia
"The Bamboo Network" shows how a remarkable group of ethnic Chinese families has been the driving force behind China's transition from communism to capitalism: the economic miracle" that took the Western business world by surprise. Murray Weidenbaum, a leading international economist, and Samuel Hughes trace the history of these enterprising leaders, who fled the mainland after the Communist takeover in 1948 and settled through out Southeast Asia. Following in the tradition of generations of expatriate Chinese merchants, they began establishing small family businesses. Today, the authors show, these have expanded into conglomerate business empires. Entrusting corporate divisions almost exclusively to relatives, and dealing extensively with fellow expatriates, these entrepreneurs have formed close-knit and formidable business spheres throughout Southeast Asia -- a "bamboo network."
Members of the bamboo network were well-positioned to do business in China when this first became possible: since they "speak the language, " both literally and culturally, they were favored as business partners by the both the Chinese government and the emerging private sector. They have been financing and often managing the development of manufacturing, banking, and other key industries in China.
Western investors and entrepreneurs seeking to enter the Chinese market are a step behind the members of the bamboo network. This book evens the score. Weidenbaum and Hughes show how private enterprise can thrive in China, providing unrivaled insight into the philosophy and culture that inform doing business there. "The Bamboo Network" will be indispensable reading for those who wish to crack theworld's largest market and investment opportunity. For, despite the serious domestic problems likely to arise within the region, overseas Chinese business families will no doubt continue to take advantage of changing threats and opportunities in the fastest-growing and most competitive economy in the world. Whether as friends or rivals of the bamboo network, Americans must learn more about this exotic sector of the global marketplace.
What people are saying - Write a review
We haven't found any reviews in the usual places.
The Strategic Role of the Bamboo Network
Understanding the Bamboo Network
Creating a Greater China
Western Investment in China
Experiences of U S Businesses Good and Bad
International Implications of a Greater China
Three Future Scenarios
Other editions - View all
American Asian bamboo network Bangkok Bank Beijing Beijing's business in China capital central Chinese entrepreneurs Chinese firms Chinese market coastal provinces communist companies continues Corporation countries cultural Deng Deng Xiaoping Despite domestic economic growth economic reforms Economist enterprises ethnic Chinese export factories force foreign investment Fujian Greater China Group Guangdong Guangzhou guanxi Hong Kong important income increasingly Indonesia industrial International Japan joint venture Ka-shing Kuok labor largest Li Ka-shing Liem major Malaysia manufacturing ment military million nations nese ness nomic officials operations output overseas Chinese overseas Chinese business partners percent policies political population potential problems production rapid region relationship Riady Robert Kuok sector Shanghai Singapore Sophonpanich South China Southeast Asia Special Economic Zones substantial success Taiwan Taiwanese Thailand tion trade U.S. firms United Wang Western business Western firms workers