Against All Odds, Chinese Entrepreneurs Have Succeeded around the World
The spectacular success of Chinese entrepreneurs in multiple regions across the globe has produced a litany of studies. Surprisingly, Chinese immigrants have done remarkably well despite enduring economic constraints and discrimination in foreign countries. Throughout the world, the Chinese are legendary for their prominence in the retail sector and acumen as restaurateurs. From Southeast Asia to Africa, Chinese entrepreneurs are a powerhouse in business.
Due to their eminence in business, the success of the Chinese warrants an investigation. However, explanations are diverse and range from cultural attributes to professional expertise. According to researchers from French Polynesia, the dynamism of Chinese entrepreneurs is a consequence of cultural evolution. Comparing Chinese Tahitians and indigenous Tahitians, these researchers theorized that long winters with annual harvests fostered a culture of long-term planning and saving in China, rather than the sharing culture that inhibits entrepreneurship in French Polynesia.
The researchers concluded that in French Polynesia, the Chinese Tahitians preferred saving to sharing and exhibited a higher rate of entrepreneurship than Tahitians. In contrast, Tahitian culture confers a premium on sharing resources with extended family members to the detriment of entrepreneurial pursuits. Because of the demands imposed on entrepreneurs by family members, the potential for capital formation is more limited in native communities.
Sharing is so ingrained in local culture that entrepreneurs often sever ties with relations to strive toward success in their businesses. People who reject traditional beliefs are condemned by the group and are referred to as “Demi” (mixed people): physically t
Article from Mises Wire