This chapter explores the influence of the Regional Ethnic Chinese on business in present-day China. The varying formulae of Hong Kong, Singapore, and Taiwan as possible influences on the homeland's business systems are illustrated. Then, it evaluates the role of ethnic-Chinese entrepreneurship in the other Association of Southeast Asian Nations (ASEAN) states. It begins on the Chinese traders of the southern ocean. The new immigrants from China in the late 1940s and early 1950s included a high proportion of Chinese bourgeois. The four main destinations in the exodus from China are presented. Discussions on nationalism in economic policy, historical influences, and modern era of Chinese business are provided as well. It is seen that the economies of China, Hong Kong, Taiwan, and — not so strongly but still significantly — the ASEAN countries, have become fused together. The ‘sojourners of the southern ocean’ have come home, bearing capital and know-how.
Keywords: Regional Ethnic Chinese; China; business system; Hong Kong; Singapore; Taiwan; Association of Southeast Asian Nations; entrepreneurship; economic policy
Chapter. 7855 words.
Subjects: International Business
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