Confucian capitalism and globalization : new bases for xinyong and guanxi – Lessons for Chile
Abstract
This paper reviews the notion of Confucian capitalism, focusing on guanxi (relationships or networking) and xinyong (business trust) as its main components. It examines Asian values in the light of Chinese business globalization and of the evolution of old sources of guanxi and xinyong. The article finally proposes some elements that might contribute to enhancing Sino- Chilean commercial relations.
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