The Application of Exchange Network Theory to the Analysis of Foreign Direct Investment in the People's Republic of China
Abstract
The establishment of an 'open door' policy in 1978 marked China's return to the capitalist world-economy. The self-reliance policies of the Maoist era were renounced in favor of modernization. As such, China has adopted a vigorous program of attracting foreign investments. Foreign investors responded favorably to China's invitation and over the course of the past ten years thousands of direct investment projects, particularly joint ventures, were set up. Recently, however the investment atmosphere has soured. Many foreign investors, like the American Motor Company, have found it increasingly difficult and less beneficial to establish ventures in China. The dependency and world system perspectives have been the most prevalent of these in recent times. These political economy perspectives claim to provide a framework through which capitalist penetration can be analyzed; each one examining the core-periphery relations in the capitalist work economy from a different vantage point.
Document Details
- Document Type
- Technical Report
- Publication Date
- Dec 01, 1988
- Accession Number
- ADA213638
Entities
People
- Keric B. Chin
Organizations
- Air Force Institute of Technology