Nations and Corporations LO6547

Andrew Moreno (
Tue, 9 Apr 1996 16:46:14 -0700 (PDT)

Replying to LO5969 --

On Mon, 4 Mar 1996, John O'Neill wrote:

> societies to the Asian, collective societies.

I read in a recent "Economist" magazine that Jimmy Lai (maybe it's Johnny
Lai) the founder of Hong Kong's Next magazine and Giordano, a clothing
manufacturing company, said something like "Guanxi can only go so far.
Sooner or later they have to create value." [A translation of Guanxi is
basically when stakeholders make decisions on allocation of resources
based on family or other ties instead of merit. I think it's called

I think Lai is okay at generating value. He grew up on the streets of HK,
got a job in a plant, worked his way to becoming owner, founded Giordano,
reached a net worth of $500 million dollars, and then founded Next

Andrew Moreno


Andrew Moreno <>

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