Chinese only phenomenon embedded in the chinese culture

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Some argue that guanxi (relationships and connections) is a unique, Chinese only phenomenon embedded in the Chinese culture. As evidence, they point out that this word, guanxi, has now entered the English language when describing relationship-based strategies in China and is often used in mainstream media (such as the Economist) without explanations provided in brackets. Others disagree, arguing that every culture has a word or two describing what the Chinese callguanxi, such as blat in Russia, guan he in Vietnam, and “old boys’ network” in the English-speaking world. They suggest that the intensive use of guanxi in China (and elsewhere) is a reflection of the lack of formal institutional frameworks.

1. Which side of the debate would you like to join? Why?

2. Why is this discussion significant to the business executives?

Reference no: EM132293928

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