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51 Tex. Int'l L. J. 1 (2016)
Business Culture in East Asia and Implications for Competition Law

handle is hein.journals/tilj51 and id is 13 raw text is: Business Culture in East Asia and Implications for Competition Law JINGYUAN MA AND MEL MARQUIS* Abstract: This Article examines the business cultures prevalent in East Asian countries (mainland China, Hong Kong, Japan, Korea, and Taiwan), explores their intellectual origins, and identifies characteristics that may be usefully considered when designing and implementing competition law and policy in the East Asian region. The suggestion is not that tools and concepts developed largely on the foundations of rational-actor-oriented economic reasoning should be abandoned in favor of a culturally relativistic approach. Rather, it is submitted that the effectiveness of those tools and concepts might be enhanced if applied with a nuanced understanding of the cultural influences on business decisions in the countries examined. TABLE OF CONTENTS I. INTRODUCTION ....................................................2 II. CONFUCIAN CULTURE IN EAST ASIA.................... .............7 A. A Brief Summary of (Prototypical) Confucian Philosophy....................7 B. The Impact of Confucian Culture in East Asia ....................9 C. The Impact of Confucian Culture in Selected Countries (Mainland China, Hong Kong, Taiwan, Japan, Korea) .....................10 1. Mainland China .............................. .....10 2. Hong Kong and Taiwan ................l... ..........11 3. Japan ...........................................13 4. Korea...........................................15 III. THE IMPACT OF CONFUCIANISM ON BUSINESS CULTURE IN SELECTED COUNTRIES (MAINLAND CHINA, HONG KONG, TAIWAN, JAPAN, KOREA) .............................................................16 A. Mainland China ........................... .................18 1. State-Owned Enterprises in China.......... .................18 2. Hierarchy-Based Internal Management ......... ...........18 B. Hong Kong and Taiwan ................. ...................20 1. Family Firms in Taiwan ..................................20 2. Centralized Internal Decision Making in Hong Kong and Taiwan.........................................20 1

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