Guanxi: China’s Common Currency
First published in Convergence Journal, Vol 6 no 4 (South Africa), November 2005, www.axius.co.za
It has been nearly 10 years since Francis Fukuyama published his work ‚Trust‛ discussing the possibility that high levels of social trust, especially the kind of social trust that comes out of Confucian societies, will be requisite to prosper economically in the 21st century. After reading Fukuyama’s work, one can’t help but speculate that he was in large part trying to prepare his audience for the economic culture that is currently propelling many parts of East Asia to economic success. Social trust based on familial ties and kinship is nothing new, yet, the method with which Confucian societies are finding success by making use of those ties is certainly surprising, and at times inspiring. Confucian culture that is dominant in many parts of East Asia is teaching the world something about economic success and the way in which relationships can be utilized to bolster that success.


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