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Abstract: China has emerged as an economic power due, in part, to government policies that opened China to the world and created a modern consumer culture. One of these policies… Click to show full abstract
Abstract: China has emerged as an economic power due, in part, to government policies that opened China to the world and created a modern consumer culture. One of these policies is the advancement of English-language education, including private providers, which has spawned the “English Fever” phenomenon. We use the unique context of the private English-language education industry in China to illustrate the concept of “compound (institutional) voids” and their relationship to unproductive entrepreneurship. Our contribution is in untangling some of the complexities related to institutional relationships, and in describing how compound voids increase the likelihood of rent-seeking behavior.
Journal Title: Journal of Economic Issues
Year Published: 2017
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