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Culture has an abiding influence on the way countries and business corporations are governed. This book introduces the reader to the deep philosophies that drive corporations and governments in East Asia, from China through Japan and South Korea to Singapore. With sparkling clarity and spiced with anecdotes and case studies, it depicts how respect for cultures can lead to spectacular success, or the lack of it to failure. Confucian practices such as guanxi in Chinese society, the benevolent culture of entity firms in Japan, and patriarchal chaebols in South Korea are analyzed with examples like Esquel, Nissan, and Samsung. A delightful chapter on Daoism shows how it drives Jack Ma's Alibaba.com.
In the governance of nations, the author reinforces Burke's dictum that systems of government must be consonant with traditional cultures, and he calls out misguided attempts by the West to foist liberal democracies on civilizations in the East where respect for authority and communitarian values come before individual interest. The author advances the novel concept of the meritocratic democracy in which leaders are chosen not by electoral popularity but by proven ability. In a thought-provoking concluding chapter, he evaluates prospective constitutional changes in China that would enshrine meritocratic democracy as an alternative to liberal democracies that have turned dysfunctional in many Western nations.
Hong Hai was Professor and Dean of the College of Business at Nanyang Technological University, where he is now Adjunct Professor. He has been a Member of the Singapore Parliament and chief executive of Haw Par Corporation, and published in economics, philosophy, and Chinese history.
List of figures. Foreword. Preface. Introduction 1. From Huangdi to Xi Jinping: a brief cultural history of China 2. Confucian values and people management 3. Relationship networks in Chinese business 4. Daoism and management 5. Japanese culture and management 6. Culture and changing governance in Korea 7. Democratic governance with Singaporean characteristics 8. East Asian values and economic growth 9. State governance in China and East Asia Epilogue: Yin-yang and the Thucydides trap Index
