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China, Inc.: How the Rise of the Next Superpower Challenges America and the Worl |  |
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China, Inc.: How the Rise of the Next Superpower Challenges America and the Worl | |
How has an enormous country once hobbled by poverty and Communist ideology come to be the supercharged center of global capitalism? What does it mean that China now grows three times faster than the United States? Why do nearly all of the world's biggest companies have large operations in China? What does the corporate march into China mean for workers left behind in America, Europe, and the rest of the world?
Meanwhile, what makes China's emerging corporations so dangerously competitive? What will happen when China manufactures nearly everything -- computers, cars, jumbo jets, and pharmaceuticals -- that the United States and Europe can, at perhaps half the cost? How do these developments reach around the world and straight into all of our lives?
These are ground-shaking questions, and China, Inc. provides answers.
Veteran journalist Ted C. Fishman shows how China will force all of us to make big changes in how we think about ourselves as consumers, workers, citizens, and even as parents. The result is a richly engaging work of penetrating, up-to-the-minute reportage and brilliant analysis that will forever change how readers think about America's future.
作者简介 Ted C. Fishman's essays and reports have appeared in The New York Times Magazine, Money, Harper's, Worth, Esquire, USA Today, GQ, Chicago magazine, and Business 2.0. His commentaries have been featured on Public Radio International's Marketplace. A former floor trader and member of the Chicago Mercantile Exchange, he ran his own trading firm until 1992. He lives in Chicago.
编辑推荐 Amazon.com Review
China has the world's most rapidly changing large economy, and according to Ted Fishman, it is forcing the world to change along with it. "No country has ever before made a better run at climbing every step of economic development all at once," he writes, in China, Inc.: How the Rise of the Next Superpower Challenges America and the World. China is currently the largest maker of toys, clothing, and consumer electronics, and is swiftly moving up the ladder in car production, computer manufacturing, biotechnology, aerospace, telecommunications, and other sectors thanks to low-cost, high-tech factories. China is also where the world is investing. In 2004, for instance, the city of Shanghai alone attracted over $12 billion in direct foreign investment, roughly the same amount as all of Indonesia and Mexico received. In tracing China's ascendancy over the past 30 years (with annual growth of an astonishing 9.5 percent), 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.
Calling China's huge population "arguably the greatest natural resource on the planet," Fishman details how hundreds of millions of peasants have migrated from rural to urban areas to find manufacturing jobs, providing an unlimited, low-wage workforce to power China's economy. In the process, this shift has changed both Chinese culture and the global business climate in significant ways. Simply put, American companies can't compete with wages as low as 25 cents an hour and lack of regulation and oversight, so are forced to move their operations to China or completely change the focus of their business. And it's not just a problem for the U.S.--even Mexico is outsourcing to China. Though it remains to be seen whether this will truly be the "Chinese Century" as Fishman asserts, China, Inc. is a brisk and informative look at why so many American corporations, and American jobs, are heading to China. --Shawn Carkonen --This text refers to the Hardcover edition.
From Publishers Weekly
A lively, fact-packed account of China's spectacular, 30-year transformation from economic shambles following Mao's Cultural Revolution to burgeoning market superpower, this book offers a torrent of statistics, case studies and anecdotes to tell a by now familiar but still worrisome story succinctly. Paid an average of 25 cents an hour, China's workers are not the world's cheapest, but no nation can match this "docile and capable industrial workforce, groomed by generations of government-enforced discipline," as veteran business reporter (and Chicago Mercantile trading firm founder) Fishman characterizes it. Since Mexican wages were (at the time) four times those of China, NAFTA's impact has been dwarfed by China's explosive growth (about 9.5% a year), and corporations and entrepreneurs operating in China have few worries about minimum wages, pensions, benefits, unions, antipollution laws or worker safety regulations. For the U.S., Fishman predicts more of what we're already seeing: deficits, declining wages and the squeezing of the middle class. His solutions (revitalize education, close the trade gap) are not original, but some of his statistics carry a jolt: since 1998, prices in the U.S. have risen 16%, but they've fallen in nearly every category where China is the top exporter; a pair of Levis bought at Wal-Mart costs less today, adjusted for inflation, than it did 20 years ago—though the company no longer makes clothes in China. First serial to the New York Times Magazine; author tour.(Feb.)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved. --This text refers to the Hardcover edition.
From Booklist
China has become the world's largest maker of consumer electronics, manufacturing more TVs, DVD players, and cell phones than any other country. It also is the leader in making shoes, clothes, and toys. The country is buying oil fields around the world and signing oil and gas-supply deals with Saudi and Russian companies. It is buying enormous amounts of steel and scrap metal to fashion into products sold globally. Fishman points out that more than 70 percent of the merchandise sold in Wal-Mart stores is made in China, and that it is not only China's big companies and its government's grand designs that are changing the world but also the millions of modest enterprises that reach deep into China to make what the world wants. Drawing on hundreds of interviews, Fishman has scrupulously examined the impact of China's phenomenal growth in this important book. George Cohen
Copyright © American Library Association. All rights reserved --This text refers to the Hardcover edition.
Review
"Bring up an astounding fact about China, and Ted C. Fishman can fill in the details." -- The Oregonian
"The 21st [century] belongs to China . . . Anyone who doubts it should take [Fishman's] whirlwind tour of the world’s fastest-developing economy." -- The New York Times, February 15, 2005 --This text refers to the Hardcover edition.
Review
"If the twentieth was the American century, then the twenty-first belongs to China. It's that simple, Ted C. Fishman says, and anyone who doubts it should take his whirlwind tour of the world's fastest-developing economy."
-- The New York Times
"A must-read for American business people who operate in, buy from, or compete with China."
-- Chicago Sun-Times
