The Rule of Culture: Corporate and State Governance in China and East Asia

1st Edition

Hong Hai

Routledge
November 20, 2019 Forthcoming
Reference - 144 Pages - 22 B/W Illustrations
ISBN 9780367132941 - CAT# K409447
Series: Routledge Contemporary Corporate Governance

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Summary

Culture has an abiding influence on the way countries and business corporations are governed. This book introduces the reader to the deep philosophies that drive corporations and governments in East Asia, from China through Japan and South Korea to Singapore. With sparkling clarity and spiced with anecdotes and case studies, it depicts how respect for cultures can lead to spectacular success, or the lack of it to failure. Confucian practices such as guanxi in Chinese society, the benevolent culture of entity firms in Japan, and patriarchal chaebols in South Korea are analysed with examples like Esquel, Nissan, and Samsung. A delightful chapter on Taoism shows how it drives Jack Ma’s Alibaba.com.

In the governance of nations, the author reinforces Burke’s dictum that systems of government must be consonant with traditional cultures, and calls out misguided attempts by the West to foist liberal democracies on civilizations in the East where respect for authority and communitarian values come before individual interest. The author advances the novel concept of the meritocratic democracy in which leaders are chosen not by electoral popularity but by proven ability. In a thought-provoking concluding chapter, he evaluates prospective constitutional changes in China that would enshrine meritocratic democracy as an alternative to liberal democracies that have turned dysfunctional in many Western nations.

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