The role of law in Chinese value chains

Since starting its economic reform four decades ago, China has been highly successful in integrating its economy into regional and global value chains (GVCs). This started with simple assembly and processing, then expanded to low-end labor-intensive manufacturing, and gradually moved up to technolog...

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Main Authors: GAO, Henry, SHAFFER, Gregory
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2021
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Online Access:https://ink.library.smu.edu.sg/sol_research/3274
https://ink.library.smu.edu.sg/context/sol_research/article/5232/viewcontent/Role_of_law_Chinese_value_chains_2021_sv.pdf
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spelling sg-smu-ink.sol_research-52322021-07-12T01:59:44Z The role of law in Chinese value chains GAO, Henry SHAFFER, Gregory Since starting its economic reform four decades ago, China has been highly successful in integrating its economy into regional and global value chains (GVCs). This started with simple assembly and processing, then expanded to low-end labor-intensive manufacturing, and gradually moved up to technology-intensive and capital-intensive industries. This article analyzes the development of Chinese law, legal institutions, and international and transnational legal initiatives to support the development of GVCs, which we divide into five phases. The article does not idealize law in terms of ‘commitment’ or ‘rule of law,’ but rather, in the legal realist tradition, views law as an important, contributing factor in economic change. It presents law as a signalling and coordinative device that serves to channel private conduct for business planning and coordination. The article provides insights for understanding current developments in the trading system and their implications for regional and global value chains. 2021-07-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/sol_research/3274 info:doi/10.1080/14765284.2021.1943183 https://ink.library.smu.edu.sg/context/sol_research/article/5232/viewcontent/Role_of_law_Chinese_value_chains_2021_sv.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection Yong Pung How School Of Law eng Institutional Knowledge at Singapore Management University global value chains design and production networks China Chinese law Asian Studies International Trade Law Operations and Supply Chain Management
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic global value chains
design and production networks
China
Chinese law
Asian Studies
International Trade Law
Operations and Supply Chain Management
spellingShingle global value chains
design and production networks
China
Chinese law
Asian Studies
International Trade Law
Operations and Supply Chain Management
GAO, Henry
SHAFFER, Gregory
The role of law in Chinese value chains
description Since starting its economic reform four decades ago, China has been highly successful in integrating its economy into regional and global value chains (GVCs). This started with simple assembly and processing, then expanded to low-end labor-intensive manufacturing, and gradually moved up to technology-intensive and capital-intensive industries. This article analyzes the development of Chinese law, legal institutions, and international and transnational legal initiatives to support the development of GVCs, which we divide into five phases. The article does not idealize law in terms of ‘commitment’ or ‘rule of law,’ but rather, in the legal realist tradition, views law as an important, contributing factor in economic change. It presents law as a signalling and coordinative device that serves to channel private conduct for business planning and coordination. The article provides insights for understanding current developments in the trading system and their implications for regional and global value chains.
format text
author GAO, Henry
SHAFFER, Gregory
author_facet GAO, Henry
SHAFFER, Gregory
author_sort GAO, Henry
title The role of law in Chinese value chains
title_short The role of law in Chinese value chains
title_full The role of law in Chinese value chains
title_fullStr The role of law in Chinese value chains
title_full_unstemmed The role of law in Chinese value chains
title_sort role of law in chinese value chains
publisher Institutional Knowledge at Singapore Management University
publishDate 2021
url https://ink.library.smu.edu.sg/sol_research/3274
https://ink.library.smu.edu.sg/context/sol_research/article/5232/viewcontent/Role_of_law_Chinese_value_chains_2021_sv.pdf
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