Changing Lanes in China Thun Paperback Cambridge University Press 9780521724098

Changing Lanes in ChinaForeign Direct Investment, Local Governments, and Auto Sector Development\nAuthor(s): Eric Thun\nFormat: Paperback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9780521724098, 978-0521724098\nSynopsis\nThis book addresses two of the most important trends in political economy during the last two decades - globalization and decentralization - in the context of the world's most rapidly growing economic power, China. The intent is to provide a better understanding of how local political and economic institutions shape the ability of Chinese state-owned firms to utilize foreign direct investment (FDI) to remake themselves in the transition from inefficient and technologically backward firms into powerful national champions. In a global economy, the author argues, local governments are increasingly the agents of industrial transformation at the level of the firm. Local institutions are durable over time, and the.