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Overview of Chinese Enterprise Globalization

  • Huiyao Wang
  • Lu Miao
Part of the Palgrave Macmillan Asian Business Series book series (PAMABS)

Abstract

Economic globalization is the inevitable outgrowth of the socialization of production. This process has gone through three big stages since the Age of Discovery in the late 15th century. The first stage was the era of mercantile capitalism preceding the Industrial Revolution. The second phase of globalization occurred during the Industrial Revolution, when a vertical worldwide division of labor took form. In the third phase of globalization, which is unfolding in the present-day world economy, the earlier vertical international division of labor has given way to a horizontal division of labor. One salient feature of this third stage is the globalization of capital. Foreign Direct Investment (FDI) is one of the main forms of this phenomenon.

Keywords

Corporate Social Responsibility Foreign Direct Investment Chinese Firm Foreign Direct Investment Inflow Outward Foreign Direct Investment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

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Copyright information

© Huiyao Wang and Lu Miao 2016

Authors and Affiliations

  • Huiyao Wang
    • 1
  • Lu Miao
    • 1
  1. 1.Center for China and GlobalizationBeijingChina

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