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Business, 26.02.2020 23:34 sweetLips230

Lester Thurow omitted a fourth kind of capitalism—that is common in Chinese cultures. Its distinguishing characteristics are a more entrepreneurial approach and an emphasis on guanxi as the coordinating principle among firms. In this context, the term guanxi refers to .

A) a focus on community building

B) the formation of trade unions

C) state capitalism

D) a feudal-capitalist nexus

E) an emphasis on one's network of personal connections

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