Privatization in China

Analytical Essay # 104851

Asian Studies > East Asian Cultures
Business > Management
Political Science > Communism
Political Science > Non-U.S.

Explores the reasons for the resistance to privatization in China.

2,180 words () | 8 sources | MLA | 2008 United States

Paper Summary:

This paper outlines a few key reasons why there has been so much resistance to privatization with China's state-owned firms. Specifically, the paper looks at how the new push towards economic liberalization within China is seen as a legitimate threat to the jobs of millions of Chinese workers. The paper concludes that only time will tell if Beijing's move towards a market-based economy will bear fruit, but the trend towards privatization still has many people to win over.

From the Paper:

"Another factor driving the resistance to privatization is that it means a new means of doing business - and change is always a troublesome thing for highly-bureaucratized organizations that are forced to transform their institutional culture, their internal logic, and the overall way in which they do business. In the case of China, those corporations that have not been sold off by the government nonetheless are now expected to be more entrepreneurial and to structure themselves along the same lines as western corporations."

Sample of Sources Used:

Blumenthal, David, and William Hsiao. "Privatization and its Discontents: The Evolving Chinese Health Care System." New England Journal of Medicine, 353.11 (2005): 1165-1170.
Hassard, J., J.Morris, and J. Sheehan. "The Elusive Market: Privatization, Politics, and State-Enterprise Reform in China." British Journal of Management, 13.3 (2002): 221-231.
Hesketh, T., and XZ Wei. "Health in China: from Mao to Market Reform." British Medical Journal, 314 (2005): 1543-1545.
Hussain, A., and J. Chen. "Changes in China's Industrial Landscape and their Implications." International Studies of Management and Organization, 29, 5-20.
Lau, W.K. "The 15th Congress of the Chinese Communist Party: Milestone in China's Privatization." Capital & Class, 68 (1999): 51-87.