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Global HRM Executive Summary

Country: China

 

 

Section 1: Competitiveness-

 

 

●      China’s Global Ranking on Competitiveness 2010 - China ranks 27th in the Global Competitiveness Report, which was an increase from 29th place last year

●      China moved up two places to No. 27 in rankings of the Global Competitiveness Report 2010-2011 published by the World Economic Forum (WEF).  "China has been rising and rising in recent years," said Jennifer Blanke, chief economist of the WEF, to China Daily newspaper.  

●      Jennifer said the gap between China and other BRIC nations (Brazil, Russia, India and China) is also increasing, making China more competitive than other developed nations.

 

 Institutions

●      The national government has substantial control because it is highly centralized.

●      Sub-national government officials are appointed from above, and the appointment and promotion of sub-national government officials serve as powerful instruments for the national government to induce regional officials to follow the central government’s policies.

●      Regional economies (provinces, municipalities, and counties) are relatively self-contained, and sub-national governments have overall responsibility for initiating and coordinating reforms, providing public services, and making and enforcing laws within their jurisdictions. This feature qualitatively differentiates the Chinese economy from a typical centrally-planned economy.

●      In China, sub-national governments have influence or even direct control rights over a substantial amount of resources, such as land, firms, financial resources, energy, raw materials, and others.

●      Sub-national governments are major players in the bulk of the Chinese economy.

●      Under the supervision of the central government, they initiate, negotiate, implement, divert and resist reforms, policies, rules and laws.

●      They drive, influence or hamper regional/national economic development, macroeconomic conditions, environmental conservation or degradation, social stability, etc.

●      China’s reform trajectories have been shaped by centrally-controlled regional decentralization.

●      Governance Structure induces great results and great problems

Infrastructure:

●      Moreover, sub-national governments have become more important in all regional affairs, including land allocation, business development, infrastructure construction, fiscal matters, lawmaking and law enforcement.

Financial market sophistication:

●      (Refer to image below) Note that an RCA in excess of one suggests that a country is competitive in world markets, i.e. that its share of world exports has been increasing.

●      China is close to 2 in the 1980 to 1995 period.

●      China’s exports grew at a rate that was several times the global average growth during 2000-2002.

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Global HRM Executive Summary Country: China Section 1: Competitiveness- ● China’s Global Ranking on Competitiveness 2010 - China ranks 27th in the Global Competitiveness Report, which was an increase from 29th place last year ● China moved up two places to No. 27 in rankings of the Global Competitiveness Report 2010-2011 published by the World Economic Forum (WEF). "China has been rising and rising in recent years," said Jennifer Blanke, chief economist of the WEF, to China Daily newspaper. ● Jennifer said the gap between China and other BRIC nations (Brazil, Russia, India and China) is also increasing, making China more competitive than other developed nations. Institution...
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