International Journal of Value Chain Management http://www.inderscience.com/browse/index.php?journalID=63&year=2012&vol=6&issue=1 Inderscience Publishers Ltd en-uk International Journal of Value Chain Management 1741-5357 1741-5365 © 2012 Inderscience Publishers Ltd editor@inderscience.com https://www.inderscience.com/images/files/coverImgs/ijvcm_scoverijvcm.jpg http://www.inderscience.com/browse/index.php?journalID=63&year=2012&vol=6&issue=1 http://www.inderscience.com/link.php?id=45154 The recent global financial and economic crisis has important impacts on the world economic and financial system. This paper discusses its impacts on Chinese financial system and the challenges faced by Chinese financial industry in the post-crisis era. The direct impacts of crisis on Chinese financial system are relatively smaller than on other countries. The main reasons are the Chinese banking sector reform, the large spin-off of non-performing assets, the injection of capital by the government and the Chinese banking sector remains highly regulated and localised without much room for innovative market pursuit. But China's financial industry will face major challenges in the post-crisis era. The lessons learned from the financial crisis and the impacts on Chinese financial system development are also mentioned. The impacts of the recent global financial crisis on Chinese financial system
J. Chen; Xuebin Chen
International Journal of Value Chain Management, Vol. 6, No. 1 (2012) pp. 3 - 16
The recent global financial and economic crisis has important impacts on the world economic and financial system. This paper discusses its impacts on Chinese financial system and the challenges faced by Chinese financial industry in the post-crisis era. The direct impacts of crisis on Chinese financial system are relatively smaller than on other countries. The main reasons are the Chinese banking sector reform, the large spin-off of non-performing assets, the injection of capital by the government and the Chinese banking sector remains highly regulated and localised without much room for innovative market pursuit. But China's financial industry will face major challenges in the post-crisis era. The lessons learned from the financial crisis and the impacts on Chinese financial system development are also mentioned.

]]> 10.1504/IJVCM.2012.045154 International Journal of Value Chain Management, Vol. 6, No. 1 (2012) pp. 3 - 16 J. Chen; Xuebin Chen School of Economics and Business, University of Groningen, Postbus 800, 9700 AV, Groningen, the Netherlands. ' Institute for Financial Studies, Fudan Univeristy, No. 220, Handan Road, Shanghai, 200433, China global financial crisis market impact policy challenges Chinese financial system China banking sector reform bank regulation. 2012-01-29T23:20:50-05:00 6 1 3 16 2012-01-29T23:20:50-05:00 http://www.inderscience.com/link.php?id=45155 With the large amount of FDI inflows into China since the 1990s and particularly since China's accession to the World Trade Organisation in 2001, there has been an increasing concern that China has attracted excessive FDI inflows from the world, thus crowding out FDI inflows into other developing countries. This study, using a gravity model with panel data (including 50 developing countries over the period of 1992 to 2008), finds that, after controlling its huge market size, increasing per capita income, fast economic growth, low labour costs and good creditworthiness, China's performance in attracting FDI inflows was at a level only moderately above its potential, and China received only its fair share of FDI inflows from the world for the last three decades. However, since 2005 China has been below its potential in attracting FDI inflows. Apart from the current global financial and economic crisis which severely affected the global FDI flows, the low level of FDI inflows into China from the developed countries is one of the most important causes for China's under-performance in attracting FDI inflows. Has China attracted excessive FDI inflows?
Chunlai Chen
International Journal of Value Chain Management, Vol. 6, No. 1 (2012) pp. 17 - 34
With the large amount of FDI inflows into China since the 1990s and particularly since China's accession to the World Trade Organisation in 2001, there has been an increasing concern that China has attracted excessive FDI inflows from the world, thus crowding out FDI inflows into other developing countries. This study, using a gravity model with panel data (including 50 developing countries over the period of 1992 to 2008), finds that, after controlling its huge market size, increasing per capita income, fast economic growth, low labour costs and good creditworthiness, China's performance in attracting FDI inflows was at a level only moderately above its potential, and China received only its fair share of FDI inflows from the world for the last three decades. However, since 2005 China has been below its potential in attracting FDI inflows. Apart from the current global financial and economic crisis which severely affected the global FDI flows, the low level of FDI inflows into China from the developed countries is one of the most important causes for China's under-performance in attracting FDI inflows.

]]> 10.1504/IJVCM.2012.045155 International Journal of Value Chain Management, Vol. 6, No. 1 (2012) pp. 17 - 34 Chunlai Chen Policy and Governance Program, Crawford School of Economics and Government, ANU College of Asia & the Pacific, J.G. Crawford Building, No. 132, Lennox Crossing, The Australian National University, Canberra, ACT 0200, Australia foreign direct investment location determinants China FDI inflows. 2012-01-29T23:20:50-05:00 6 1 17 34 2012-01-29T23:20:50-05:00 http://www.inderscience.com/link.php?id=45156 At the national level, China's amazing growth has been driven by increases in labour productivity. Initially, this was explained by increases in the capital/labour ratio, but, more recently, increases in total factor productivity (apparently as a result of increased spending on education) have become a more important part of the explanation. This paper examines the growth experience at the provincial level and finds it to have been very uneven with the East generally growing earlier than the West. Notwithstanding this, the data suggests that growth in all provinces tends to pass through the same stages. Initially, labour productivity increases because of the growth in capital and, later in the process, growth is maintained because of improvements in TFP emanating from improvements in education. We identify that an appropriate policy measure to assist in achieving balanced growth across the provinces is to continue to increase educational expenditures in the lagging provinces. Regional diversity in growth performance in China
John Hicks; P.K. Basu; Richard B. Sappey
International Journal of Value Chain Management, Vol. 6, No. 1 (2012) pp. 35 - 46
At the national level, China's amazing growth has been driven by increases in labour productivity. Initially, this was explained by increases in the capital/labour ratio, but, more recently, increases in total factor productivity (apparently as a result of increased spending on education) have become a more important part of the explanation. This paper examines the growth experience at the provincial level and finds it to have been very uneven with the East generally growing earlier than the West. Notwithstanding this, the data suggests that growth in all provinces tends to pass through the same stages. Initially, labour productivity increases because of the growth in capital and, later in the process, growth is maintained because of improvements in TFP emanating from improvements in education. We identify that an appropriate policy measure to assist in achieving balanced growth across the provinces is to continue to increase educational expenditures in the lagging provinces.

]]> 10.1504/IJVCM.2012.045156 International Journal of Value Chain Management, Vol. 6, No. 1 (2012) pp. 35 - 46 John Hicks; P.K. Basu; Richard B. Sappey School of Business, Charles Sturt University, Panorama Avenue, Bathurst, 2795, Australia. ' School of Business, Charles Sturt University, Panorama Avenue, Bathurst, 2795, Australia. ' School of Business, Charles Sturt University, Panorama Avenue, Bathurst, 2795, Australia China Chinese provinces regional diversity growth performance total factor productivity TFP education labour productivity economic growth balanced growth educational expenditure. 2012-01-29T23:20:50-05:00 6 1 35 46 2012-01-29T23:20:50-05:00 http://www.inderscience.com/link.php?id=45157 China is one of the fastest growing economies in the world today. This is probably due to the world-wide perceived notion that the cost of labour and materials are cheaper in China. Giant corporations are disaggregating into small autonomous business units to combat fierce competition. Researchers use the theory of atoms and molecules to explain and analyse the architecture of large enterprises through the lens of these small autonomous business units. Attempts to enterprise modelling using molecular theory so far could only deal with the understanding of how system works but does not assist to design enterprise architectures to achieve cohesion and improve management efficiency. This paper attempts to create a generic enterprise model for the molecular organisations (MOs) arising out of the disaggregated value chain (DVC) in China and shows how people in different levels of the MO improve 'value chain' by enhancing mutual trust through collaboration in teams. Modelling the disaggregated value chain – the new trend in China
Sekhar Chattopadhyay; Danny S.K. Chan; John P.T. Mo
International Journal of Value Chain Management, Vol. 6, No. 1 (2012) pp. 47 - 60
China is one of the fastest growing economies in the world today. This is probably due to the world-wide perceived notion that the cost of labour and materials are cheaper in China. Giant corporations are disaggregating into small autonomous business units to combat fierce competition. Researchers use the theory of atoms and molecules to explain and analyse the architecture of large enterprises through the lens of these small autonomous business units. Attempts to enterprise modelling using molecular theory so far could only deal with the understanding of how system works but does not assist to design enterprise architectures to achieve cohesion and improve management efficiency. This paper attempts to create a generic enterprise model for the molecular organisations (MOs) arising out of the disaggregated value chain (DVC) in China and shows how people in different levels of the MO improve 'value chain' by enhancing mutual trust through collaboration in teams.

]]> 10.1504/IJVCM.2012.045157 International Journal of Value Chain Management, Vol. 6, No. 1 (2012) pp. 47 - 60 Sekhar Chattopadhyay; Danny S.K. Chan; John P.T. Mo RMIT University, P.O. Box 71, Bundoora, Vic. 3083, Australia. ' Department of Industrial and Systems Engineering, Hong Kong Polytechnic University, Hung Hom, Kowloon, Hong Kong. ' RMIT University, P.O. Box 71, Bundoora, Vic. 3083, Australia disaggregated value chains DVC enterprise modelling molecular organisations loosely-coupled business units disaggregated corporations enterprise architectures EAs chemical bonds China molecular theory enterprise architecture design cohesion management efficiency trust collaboration work teams teamwork. 2012-01-29T23:20:50-05:00 6 1 47 60 2012-01-29T23:20:50-05:00 http://www.inderscience.com/link.php?id=45158 This paper reviews human capital with special reference to its definition, measurement methods, and its contribution to economic growth and development. Vast amount of effort has been spent on the acquisition of knowledge and its application to enhancing living standards. A formal approach to this topic, however, was developed only during the past 300 years. The increasing importance placed on knowledge, accelerated by the rapid development of information technologies, has necessitated the development of new approaches to assess the role of HC. The increasing role of HC on development is evidenced by the high growth rates achieved by certain resource-poor countries. Sound theoretical framework and measures are required in order to articulate effective policies and assess their impact on growth and development. Human capital: the history, measurement and impact on nations from an economic perspective
Segu Zuhair; Riccardo Natoli
International Journal of Value Chain Management, Vol. 6, No. 1 (2012) pp. 61 - 77
This paper reviews human capital with special reference to its definition, measurement methods, and its contribution to economic growth and development. Vast amount of effort has been spent on the acquisition of knowledge and its application to enhancing living standards. A formal approach to this topic, however, was developed only during the past 300 years. The increasing importance placed on knowledge, accelerated by the rapid development of information technologies, has necessitated the development of new approaches to assess the role of HC. The increasing role of HC on development is evidenced by the high growth rates achieved by certain resource-poor countries. Sound theoretical framework and measures are required in order to articulate effective policies and assess their impact on growth and development.

]]> 10.1504/IJVCM.2012.045158 International Journal of Value Chain Management, Vol. 6, No. 1 (2012) pp. 61 - 77 Segu Zuhair; Riccardo Natoli School of Accounting and Finance, Victoria University, P.O. Box 14428 MMC, Melbourne VIC 8001, Australia. ' Financial Education Research Unit, Victoria University, P.O. Box 14428 MMC, Melbourne VIC 8001, Australia human capital economic growth economic development knowledge acquisition. 2012-01-29T23:20:50-05:00 6 1 61 77 2012-01-29T23:20:50-05:00 http://www.inderscience.com/link.php?id=45159 Outsourcing's technology spillover effect to local supplier enterprises is an important issue in the research field of China's involvement in global production network. Focusing on the Ningbo, in Zhejiang province, garment cluster as one of the typical export-oriented garment clusters in China; this paper investigates and analyses the technology spillover effect of outsourcing on local outsourcing suppliers. The research methodology includes factor analysis to evaluate the data collected from field work conducted in 2009, which includes questionnaire surveys on 91 Ningbo garment firms and selected interviews. The paper presents a description of the linkage between export orientation and technology, makes an in-depth analysis on technology spillover effect from the relevant technology linkages, and decomposes the technology spillover effect into four sub-effects, namely demonstration effect, experts' mobility effect, research and development spillover effect and agglomeration effect. Technology spillover effects of international outsourcing to outsourcing suppliers: a case study on Ningbo garment cluster in China
Yejing Huang; Tieshan Wang
International Journal of Value Chain Management, Vol. 6, No. 1 (2012) pp. 78 - 92
Outsourcing's technology spillover effect to local supplier enterprises is an important issue in the research field of China's involvement in global production network. Focusing on the Ningbo, in Zhejiang province, garment cluster as one of the typical export-oriented garment clusters in China; this paper investigates and analyses the technology spillover effect of outsourcing on local outsourcing suppliers. The research methodology includes factor analysis to evaluate the data collected from field work conducted in 2009, which includes questionnaire surveys on 91 Ningbo garment firms and selected interviews. The paper presents a description of the linkage between export orientation and technology, makes an in-depth analysis on technology spillover effect from the relevant technology linkages, and decomposes the technology spillover effect into four sub-effects, namely demonstration effect, experts' mobility effect, research and development spillover effect and agglomeration effect.

]]> 10.1504/IJVCM.2012.045159 International Journal of Value Chain Management, Vol. 6, No. 1 (2012) pp. 78 - 92 Yejing Huang; Tieshan Wang Institute of World Economy, Shanghai Academy of Social Sciences, No. 7, Lane 622, Huaihai Zhong Road, Shanghai 200020, China. ' Xi'an JiaoTong University, P.O. Box 0177, No. 74, Yanta West Road, Yanta District, 710061, Xi'an, Shaanxi, China international outsourcing technology spillovers spillover effect garment industry apparel industry clothing industry China garment clusters local suppliers export orientation. 2012-01-29T23:20:50-05:00 6 1 78 92 2012-01-29T23:20:50-05:00