China's transition and its implications for international business

This paper focuses on institutional change as the central and most conseque ntial contextual aspect of China's transition. Identification of key charac teristics of China's emergent institutions leads to propositions on their r elevance for international business practice. China's transition also raise s issues for theory development, including the way that transition is model ed, the need to draw upon multiple perspectives, and the concomitants of a contextual approach.