|
|
|
| Chinese SMEs Riding on the Waves of Globalization: The Role of Transport Infrastructure |
| LIU Minquan
|
| School of Economics/Center for Human and Economic Development Studies, Peking University |
|
|
|
|
Abstract Chinese SMEs have spearheaded the integration of the Chinese economy with the world economy through their close involvement and partnership with the Asian regional and global production networks and supply chains. Several factors contributed to this, of which a significant improvement in China's transport infrastructures was a key one. This paper reviews and analyzes the rise and development of modern regional and global production networks and supply chains thanks to increased extents of production fragmentation, with a focus on the status and role of SMEs, in particular those from developing countries. A pre-condition for SMEs to play their role is adequate transport infrastructures. Using a set of Chinese provincial panel data, our empirical investigation verifies the strong impact of transport infrastructures on the performances of Chinese SMEs by promoting their integration, and thereby the integration of the Chinese economy, with regional and global production networks and supply chains.
|
|
Received: 10 November 2017
Published: 01 November 2018
|
|
|
|
|
|
|
|
