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It is a daunting task to build institution and infrastructure over a short time period in developing countries. But in the absence of sound institutions and adequate infrastructure, it is difficult for economic transformation to take place. An alternative is to facilitate existing industrial...
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entrepreneurs can set up business in low-return activities with minimal barriers to entry. Using a cashmere sweater cluster in China …
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entrepreneurs can set up business in low-return activities with minimal barriers to entry. Using a cashmere sweater cluster in China …
Persistent link: https://www.econbiz.de/10010913549
"We use two rounds of surveys, taken in 2000 and 2008 in the Zhili Township children's garment cluster in Zhejiang … Province, to examine in depth the evolution of this industrial cluster. Firm size has grown on average in terms of output and … among firms in the cluster. Although the investment amount needed to start a business has more than tripled, this amount …
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the conventional wisdom. By studying a cashmere sweater cluster in China, this paper argues that rural industrial …
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"Township-village enterprises (TVEs) were a major engine of China's rapid rural industrialization in the past three decades. TVEs also played a key role in fostering entrepreneurship and served as a major stepping-stone for institutional changes when legal protections of private property rights...
Persistent link: https://www.econbiz.de/10005038129
The quality of manufactured products made in China has improved tremendously in the past several decades. In this paper, we argue that crises are instruments for the upgrade of Chinese manufactured goods. We first develop a theoretical framework to show that a crisis, if used wisely, could...
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