abhishreshthaa
Abhijeet S
THE TVE PHENOMENON:
The real force behind China's economic achievement appears to be the country's ability to take the industry to rural China as against the common model of industry concentration in urban cities.
Harbingers of this revolution is something called 'Town and Village Enterprises (TVEs). The TVE phenomenon that led to worldwide spread of China's standard and cheap products . By the 1980s the State Enterprises (the public sector companies) were losing steam. This led to displacement of many skilled workers. They had the choice of returning to their native places.
About the same time the Non-Resident Chinese became wealthy and were willing to play venture capitalists. They provided funds to the homeland's businesses, which promised a good return.
They found that the rural entrepreneurship coupled with the skilled worker from the big industry was an ideal combination to unleash a revolution. They not only funded these businesses but also acted as buyback agents of the production
The real force behind China's economic achievement appears to be the country's ability to take the industry to rural China as against the common model of industry concentration in urban cities.
Harbingers of this revolution is something called 'Town and Village Enterprises (TVEs). The TVE phenomenon that led to worldwide spread of China's standard and cheap products . By the 1980s the State Enterprises (the public sector companies) were losing steam. This led to displacement of many skilled workers. They had the choice of returning to their native places.
About the same time the Non-Resident Chinese became wealthy and were willing to play venture capitalists. They provided funds to the homeland's businesses, which promised a good return.
They found that the rural entrepreneurship coupled with the skilled worker from the big industry was an ideal combination to unleash a revolution. They not only funded these businesses but also acted as buyback agents of the production