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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


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