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The book explores how China's economic growth is driven by outsourcing and the concept of guanxi, a network of relationships based on trust and reciprocity. Guanxi enhances collaboration with foreign businesses, acting as a social lubricant that facilitates communication and problem-solving. By fostering long-term relationships, companies can ensure quality and timely delivery. However, it also warns of the potential downsides, such as reduced transparency and competition, suggesting that while guanxi has been crucial, its role may change as the economy develops.
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Global Logistics: The Connection Effect, Jamie Olsen
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- 2024
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