Recommended Readings - China Inc
China Inc.
China Inc., written by Ted Fishman, describes the impact of China on the rest of the world. Fishman poses that China, due to its size and stature is causing the rest of the world to react to it, and as such, is changing the world around it. Fishman goes into the effects of the Chinese job market, manufacturing, education, and the issue of outsourcing.
Fishman reports that China has the fastest growing economy in the history of the world (Fishman, 2006), and that its rapid growth is due to the incredibly low labor costs in manufacturing. The Chinese are able to produce goods and services at two-thirds the cost of anywhere else in the industrialized world which in turn is a distinct key competitive advantage for its domestic products.
China Inc. goes into the details of many different areas of Chinese philosophy. The book talks about how their society evolved from communism into the capitalistic nation it has become. Fishman points out the symbiotic relationship that the US has with China, in that the US economy relies heavily on Chinese goods and services, and that if the economy in China collapsed, that the world’s economy would greatly suffer.
Fishman takes a very complicated issue and breaks it down into simple parts that can be seen in everyday life. He shows how the cost of products and services worldwide is affected by what he calls “the largest migration in human history (Fishman, 2006)”. He shows this by telling stories of the hundreds of millions of people that are coming in from the rural areas to work in huge manufacturing plants that supply the world with products that we use every day.
http://www.amazon.com/China-Inc-Superpower-Challenges-America/dp/0743257529