China
The book “China Inc.” by Ted C. Fishman speaks about the world’s most rapidly changing large economy China. The word “Made in China” is as ubiquitous as money. No country has ever before made a better run at climbing every step of economic development all at once.
China is currently the largest maker of toys, clothing, and consumer electronics, and is swiftly moving up the ladder of technology in car production, computer manufacturing, biotechnology, aerospace, telecommunications, and other sectors. These products are known for their low cost and high-tech factories. China is the place where the world is investing and it is considered because of the cheapest work force but it is not so.
He also speaks about how China as an enormous country once hobbled by poverty and Communist ideology came to be the supercharged center of global capitalism. He then goes about how the developments were achieved from basic food items to high power engines. Since due its higher population consumption was so high that products were produced at surplus. Due to this, lower price year after year with a world class speed and strength had been achieved for these products.
Fishman presents a flood of facts, figures, forecasts, and anecdotes and examines the implications of this unprecedented growth for China, the U.S., and the rest of the world. This in turn Challenges America and rest of the World. Statistics says that one third of china’s production cost was put in by foreign investors. Not only is the gadget industry, China also one of the leading countries in wireless technologies, education and so on. He also says that China had kicked the American Asian foot print. Fishman asserts, China, Inc. is a brisk and informative look at why so many American corporations, and American jobs, are heading towards China.