Premium
A Comparison of China's State‐Owned Enterprises and Their Counterparts in the United States: Performance and Regulatory Policy
Author(s) -
Liu Yunhua
Publication year - 2009
Publication title -
public administration review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.721
H-Index - 139
eISSN - 1540-6210
pISSN - 0033-3352
DOI - 10.1111/j.1540-6210.2009.02088.x
Subject(s) - china , state (computer science) , economic system , state policy , business , political science , economics , russian economy , law , algorithm , computer science
The stability of the Chinese economy during the recent world economic crisis has attracted global attention. This essay examines the role of state‐owned enterprises in China’s continued successful economic expansion. By comparing these enterprises’ performance with contemporary regulatory policies governing their American counterparts, the author, Yunhua Liu of Nanyang Technological University, finds that China’s strategy trumps that of the United States and concludes that in a transitional, developing economy, the existence of state‐owned enterprises offers an adaptive, efficacious strategy .