政商關係可能具有下列四種形式：任人唯親（cronyism），貪污腐敗（corruption），族閥主義（nepotism ）或是深受儒家思想影響的關係（guanxi） 脈絡。在以上分類中，其中最值得玩味的是：是否建構一穿梭於政界與商界間的交誼關係，必然會經由任人唯親與利益交換而走向貪腐的最終墮落？是否存在一條可辯知的倫理界線，可以區隔倫理質變的政商關係？本文的分析顯示，政商關係的存在雖不必然為經濟效能發揮的負擔，但在整體社會倫理脈絡的薄弱支持下，的確具有高度危險。

The relations between politics and business are manifested through four different forms: cronyism, corruption, nepotism, and a general guanxi network founded in the Confucian social context. The author inquires whether there exists a set of codes that separate ethical and unethical practices of political connection. Historical surveys of Taiwan and empirical economic research elsewhere find that political connection is not intrinsically corrupt but is susceptible to degradation into corruption. The cure lies, according to this analysis, in the revival of public and business ethics.