CHINA INC, by Fishman, Ted
After traveling through China visiting factories, markets, streets, stores, towns and cities and after drawing on interviews with Chinese, American and European workers, the author of the book China Inc., tries to explain how a country that once was immerse in poverty and communist ideas has become the center of global capitalism. Fishman (2005) expresses how China has scaled through the technological ladder to become world’s largest maker of consumer electronics and how the country is positioning even higher in areas like biotech and consumer manufacturing.
The main purpose of the author is to give us a realistic view of what is really happening in China and how this rapid changes and advances create a great impact in the rest of the world. Fishman (2005) leads us to ponder why most of the things we have now are manufactured in this nation and why the words “Made in China” are as ubiquitous as money. He explains the implications of a nation that can do almost everything the West can at one third of the cost.
The book also gives examples of China is making parts for Boeing 757, exploring space with domestic built rockets, buying oil fields internationally, buying a great amount of world’s aluminum, steel, iron ore, coal, and cement. This country has also become the leader in foreign direct investment, attracting even more investments than United States, and has a very efficient and cheap work force that allows the nation to be greatly competitive.
In conclusion, Fishman (2005) is trying to open the eyes of his readers to what he believes will be the near future. He sees China as the next superpower, dominating the world in manufacturing and with U.S. and Europe exporting low-value jobs to China.
Annotated Bibliography: Fishman, T.C. (2005). China, Inc.: How the Next Superpower Challenges America and the World. NY, USA: Simon & Schuster, Inc.