China's transformation into a major economic power in the 21st century has led to increasing investments in Southeast Asian countries where the bamboo network is present.
In Southeast Asia, economic development was fueled by the growth of the bamboo network.
These business communities are connected through the bamboo network, a network of overseas Chinese businesses operating in the markets of Southeast Asia that share common family and cultural ties.
Weidenbaum has done extensive research on the role of the bamboo network in Southeast Asia.
Guanxi has a major influence on the management of businesses based in China, and also those owned by overseas Chinese in Southeast Asia, known as the bamboo network.
The overseas Chinese business community of Southeast Asia, known as the bamboo network, has a prominent role in the region's private sectors.
The origins of the bamboo network can be traced to the 16th century, when Chinese migrants from southern China settled in Indonesia, Thailand, and other Southeast Asian countries.
Governments affected by the 1997 Asian financial crisis introduced laws regulating insider trading, weakening the influence of the bamboo network.
After the crisis, business relationships were more frequently based on contracts, rather than the trust and family ties of the traditional bamboo network.
Thai Chinese businesses are part of the larger bamboo network, a network of overseas Chinese businesses operating in the markets of Southeast Asia that share common family and cultural ties.