Rapid Entry and Development of Enterprises

David Daokui Li (), Keaobo Li (), Xingye Jin (), Hongling Wang (), Xiang Xu () and Kun Lang ()
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David Daokui Li: An Academic Center for Chinese Economic Practice and Thinking (ACCEPT), Tsinghua University
Keaobo Li: An Academic Center for Chinese Economic Practice and Thinking (ACCEPT), Tsinghua University
Xingye Jin: Central University of Finance and Economics
Hongling Wang: An Academic Center for Chinese Economic Practice and Thinking (ACCEPT), Tsinghua University
Xiang Xu: Central University of Finance and Economics
Kun Lang: School of Economics and Management, Tsinghua University

A chapter in Economic Lessons from China’s Forty Years of Reform and Opening-up, 2021, pp 9-39 from Springer

Abstract: Abstract Governmental assistance in the rapid entry and development of enterprises has been a direct impetus for the rapid economic growth of China. The development and success of enterprises depend greatly on the role of the “visible hand” of local governments. Governments at all levels, especially at the local level, can guide the coordinated development of both upstream and downstream industries by continuously helping new enterprises solve practical problems in terms of land, labor, and transportation coordination. Based on the aforementioned basic facts and history of enterprise entry and development, we arrive at the following two economic conclusions: first, during the process of reform and opening up, incentives for governments to cultivate and assist enterprises were of utmost importance for enterprise entry and development; second, since local governments were subject to a certain amount of blindness and limitation, they occasionally made some irrational decisions in the process of assisting enterprises with their entry and development. A corresponding restrictive system should be put in place to regulate local governments’ behavior as they help with enterprise entry and development.

Keywords: Rapid entry; Governmental assistance; Coordinated development (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/978-981-33-4520-1_2

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