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Guanxi Versus The Market: Ethics and Efficiency.
- Source :
- Journal of International Business Studies; 1999 2nd Quarter, Vol. 30 Issue 2, p231-247, 17p
- Publication Year :
- 1999
-
Abstract
- Guanxi refers to a Chinese system of doing business on the basis of personal relationships, and it is representative of the way that business is done throughout much of the non-western world. In this paper we first evaluate guanxi from an ethical perspective, and then attempt to shed light on the sources of its economic advantages and disadvantages through the use of a simple mathematical model. Finally, we point out how eastern and western business practices may already be converging toward systems based on more complete models of trust to deal with the conditions of progress coupled with uncertainty that form our new economic reality. [ABSTRACT FROM AUTHOR]
- Subjects :
- BUSINESS ethics
INTERPERSONAL relations
MATHEMATICAL models
ECONOMICS
BUSINESS
Subjects
Details
- Language :
- English
- ISSN :
- 00472506
- Volume :
- 30
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Journal of International Business Studies
- Publication Type :
- Academic Journal
- Accession number :
- 2193485
- Full Text :
- https://doi.org/10.1057/palgrave.jibs.8490068