Added Value of China Inc.
Value of China Inc.
The book, China Inc. by Ted Fishman is about the overall effects that China has on the world. These effects, as explained in the book are great and explosive. Even the economy in China is growing rapidly. “China is the world’s factory floor and it’s the world’s greatest market opportunity” (Fishman, pg 9). Fishman goes on to explain how China works and he discusses that China might take opportunities from the developing world, but at the same time its hungry economy pulls poorer countries upward. The value of this book is the experience of reading about a country that was once at the bottom and is now at the top and is growing three times faster than the United States. This book also gives the reader a “play by play” with all the details of what is really happening in China so that the world (or just the people who read this book) can know the real truth, and not the media’s version of the truth.
As Ted Fishman takes us through China, I really was able to see how the county was in such poverty and shambles when it was being run by Communists. It’s overwhelming to me how this one county could pull itself up so fast and in Fishman’s words, climb the technological latter and become the worlds largest maker of consumer electronics. It only took 30 years to transform China into a market superpower. Now, China is producing some of the greatest experts in biotech and computer manufacturing as well as moving into industrialization very quickly. Also, he explains the cities so vividly and how they went up so quickly but fell just as fast with drugs and money.
“The urgent privatization of roads and other infrastructure utilities reveals another key to understanding why China is growing so fast. The government has unlocked the value of the land it owns beneath everyone’s feet. Every newly developed block in Chinese cities takes shape in part because the land under it gains a price from the government- or a connected official” (Fishman, pg 122). Consequently, China’s rise means that the world will need to get used to a different type of economic superpower. A superpower that has huge numbers of people poorer than those living in countries that china has surpassed in its uprising. The only thing holding China back from being at the top with the U.S. economy is the per capita income. If it doubled, that would then increase the standard of living in China to two and a half times that of the U.S. The Chinese government through all of this expansion has declared that it is only interested in a “peaceful rise”. Personally, I think that is wonderful and in these days, the world could try to be more like this and not so unbelievably competitive.
http://www.amazon.com/China-Inc-Superpower-Challenges-America/dp/0743257529