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WTO accession, the changing competitiveness of foreign-financed firms and regional development in Guangdong of southern China

journal contribution
posted on 2023-06-07, 04:44 authored by Godfrey Yeung
This paper investigates the changing competitiveness of foreign-financed manufacturing firms and its implications for regional development in Guangdong province of southern China in the run-up to World Trade Organization (WTO) accession. It is argued that transnational corporations (TNCs) and some competitive, large-scale, locally-funded firms in Guangdong will triumph after WTO accession. The crowding-out process of small and medium sized enterprises (SMEs) in Guangdong will be accelerated in the near future, as they are competing directly with TNCs, and as their competitive advantages are diminishing, due to bureaucratic red tape and the rigorous enforcement of new government policies. Due to close business linkages with local privately-funded firms, the competitiveness and vitality of foreign-financed enterprises will have profound long term effects on the economic development of Guangdong, before and after WTO accession.

History

Publication status

  • Published

Journal

Regional Studies

ISSN

0034-3404

Publisher

Taylor and Francis

Issue

6

Volume

36

Page range

627-642

Department affiliated with

  • Sociology and Criminology Publications

Full text available

  • Yes

Peer reviewed?

  • Yes

Legacy Posted Date

2006-09-07

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