Dragon in a three-piece suit : the emergence of capitalism in China / Doug Guthrie.

Includes bibliographical references (p. [281]-297) and index.

Firm practices in China's transforming economy: efficiency or mimicry? -- Path dependence in China's economic transition -- Formal rational bureaucracies in Chinese firms: causes and implications -- Changing labor relations in the period of market reform -- The politics of price setting in China's transition economy -- Economic strategies in the face of market reforms -- Institutional pressure, rational choice, and contractual relations: Chinese-foreign negotiations in the economic transition -- The declining significance of connections in China's economic transition -- Conclusions and implications.

"Dragon in a Three-Piece Suit is sociological examination of what is perhaps the main engine of economic reform in China, the large industrial firm. Doug Guthrie, who spent more than a year in Shanghai studying firms, interviewing managers, and gathering data on firms' performance and practices, provides the first detailed account of how these firms have been radically transformed since the mid-1980s."--BOOK JACKET.

"Guthrie shows that Chinese firms are increasingly imitating foreign firms in response both to growing contact with international investors and to being cut adrift from state support. Many firms, for example, are now less likely to use informal hiring practices, more likely to have formal grievance filing procedures, and more likely to respect international institutions, such as the Chinese International Arbitration Commission. Guthrie argues that these findings support the de-linking of Western trade policy from human rights, since it is clear that economic engagement leads to constructive reform. Yet Guthrie also warns that reform in China is not a process of inevitable Westernization or of managers behaving as rational, profit-maximizing agents.

Old habits, China's powerful state administration, and the hierarchy of the former command economy will continue to have profound effects on how firms act and how they adjust to change."--BOOK JACKET.