Economic, Social and Educational Reform in China and the Implications for Management Education and Development

The People's Republic of China (PRC) is well known as the world's most populous country and the third largest in geographical mass. China is also viewed as one of the fastest growing economies in the world, with annual growth in real Gross National Product (GNP) averaging nine per cent to 1992 (Economist, 1992) and 12.5% each year between the end of 1992 and 1995 (CEWC, 1995). In view of this, and despite the western backlash which followed the events in Tienanmen Square in 1989, American and European companies have not been reluctant to invest in China, both directly and through joint ventures.