| | Interarea Sessions (Site not responding. Last check: 2007-10-21) |
 | | The second school of thought asserts that guanxi practice and other characteristics of Chinese culture lead to the development of an alternative form of capitalism—"Confucian capitalism"—which may be as viable as Western, rationalized capitalism. |
 | | The third perspective contends that the practice of guanxi has facilitated the transition to capitalism in China (in contrast to, say, Russia), by providing informal institutions of trust, civility, and organization when formal institutions were not yet adequately formed. |
 | | In the rapidly expanding high-tech sectors, guanxi based on kin and locality ties is being replaced by an emphasis on educational and associational connections. |
| www.aasianst.org /absts/2005abst/Interarea/I-43.htm (1336 words) |