The Impact of China’s Emergence on Entrepreneurship and Venture Capital Financing
August 7th, 2006
I found this 4 minute podcast by Asher Epstein, managing director of the Center for Entrepreneurship at the Smith School of Business at the University of Maryland, to be interesting. He discusses how China’s emergence has impacted entrepreneurship, particularly in the greater Washinton D.C. area. Having now travelled to China, you should now be in a much better position to critique the accuracy of his statements, which ones are overbroad or right on the mark, etc.
Entry Filed under: China, Misc., Post Trip Wrap-Up re: China
1 Comment Add your own
1. David Lotierzo | August 8th, 2006 at 5:18 pm
Professor Epstein decreed that, under the surface, the state-planning mentality still exists and there is no incentive for a person to work harder. From my observations while in China, I would have to disagree. The capitalist culture seems well entrenched and none of the firms we visited looked as if they were willing to take things easy because their profits were predetermined. During our discussions with PWC we learned that the taxation system in China has quite a ways to go in terms of logistics and enforcement… so though the state-planning ideals may be in place, I am quite confident that the companies working harder are finding ways to profit more.
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