Econ11.3.10

Econ11.3.10 - MITI (1989 article) China MITI Ministry of...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
MITI (1989 article) China 1.Superministry in charge of economy (powerful) High quality civil servants – highly educated, not politicians High prestige: job is a goal Effective due to complementary institutions General equilibrium approach to industrial policy 2. organization Vertical units responsible for specific industries (basic industries bureau) Horizontal units: functional issues cutting across specific industries (ex. Industrial policy Each unit 1. Director general. 2. Division director 3. Deputy-division director At three levels: meetings across vertical and horizontal About information transfer Deputy-division most influential, do all the hard work, mid-30s in age 3. Weak organized labor Enterprise unions Little formal power Influence in work related issues Income policy: highly routinized set of norms: extensive preparation, gradual, non-confrontational No political influence 4.Company specialization: focus on core businesses Few mergers and acquisitions Career-long employment All this means simplicity for MITI Long term relationships, very few foreign firms
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/06/2011 for the course ECON 343 taught by Professor Miyao during the Fall '08 term at USC.

Page1 / 3

Econ11.3.10 - MITI (1989 article) China MITI Ministry of...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online