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East Asian Business Systems in Evolutionary Perspective: Entrepreneurship & Co-Ordination

Tony Fu-Lai Yu

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ISBN 10: 1590333578 / ISBN 13: 9781590333570
Published by Nova Science Publishers Inc
New Condition: New Hardcover
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Title: East Asian Business Systems in Evolutionary ...

Publisher: Nova Science Publishers Inc

Binding: Hardback

Book Condition: New

About this title


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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