At the early stages of development, a close government-business partnership (here a QIO) and internal markets within a business group can often be advantageous. But as economies mature and are exposed to more complex and uncontrollable factors, including globalization, governments and businesses...

Employees with valuable human capital are becoming the most essential asset in the era of global competition, and a great challenge for corporate governance is how to motivate them. Employees will increasingly be induced to participate in shop floor decision-making. This will gradually allow...