The global industrial consolidation and the challenge for China: the case of the steel industry. / Nolan, Peter; Rui, Huaichuan.
Integrating China: Towards the coordinated market economy. ed. / Peter Nolan. London : Anthem Press, 2007. p. 50-65.Research output: Chapter in Book/Report/Conference proceeding › Chapter
The global industrial consolidation and the challenge for China: the case of the steel industry. / Nolan, Peter; Rui, Huaichuan.
Integrating China: Towards the coordinated market economy. ed. / Peter Nolan. London : Anthem Press, 2007. p. 50-65.Research output: Chapter in Book/Report/Conference proceeding › Chapter
}
TY - CHAP
T1 - The global industrial consolidation and the challenge for China: the case of the steel industry
AU - Nolan, Peter
AU - Rui, Huaichuan
PY - 2007
Y1 - 2007
N2 - Mainstream economists believe that the basic tendency of capitalism is competition with strict limits to growth of firm size, and limitless opportunities for 'catch-up' by firms from developing countries. In fact, the 'cascade effect' arising from pressures from 'system integrators' has stimulated an unprecedented degree of industrial consolidation since the 1990s. The rapidly increasing size and power of leading global steel firms presents a deep challenge ever for Chinese counterpart.
AB - Mainstream economists believe that the basic tendency of capitalism is competition with strict limits to growth of firm size, and limitless opportunities for 'catch-up' by firms from developing countries. In fact, the 'cascade effect' arising from pressures from 'system integrators' has stimulated an unprecedented degree of industrial consolidation since the 1990s. The rapidly increasing size and power of leading global steel firms presents a deep challenge ever for Chinese counterpart.
KW - Merger and acquisition (M&A), competition, industrial consolidation, cascade effect, steel, China
M3 - Chapter
SP - 50
EP - 65
BT - Integrating China: Towards the coordinated market economy
A2 - Nolan, Peter
PB - Anthem Press
CY - London
ER -