Chinese Century, The:The Rising Chinese Economy and Its Impact on the Global Economy, the Balance of Power, and Your Job
Product Author Bios
Oded Shenkar holds degrees in East-Asian Studies and Sociology, as well as a Ph.D. from Columbia University. He is the Ford Motor Company Chair and Professor of Management and Human Resources at the Fisher College of Business at Ohio State University. Professor Shenkar has studied China for over thirty years and is the author of numerous books and articles on Chinese business and management. His work has been cited in the Wall Street Journal, the New York Times, the Financial Times, the Los Angeles Times, the Chicago Tribune, Business Week, and the Economist, among many others. He has also been cited in major Chinese outlets such as the China Daily and Reference News. He is a frequent advisor to multinational corporations, governments, and international organizations on China-related matters.
By 2015, China may well have the world's largest economy. In The Chinese Century, Oded Shenkar shows how China is restoring its imperial glory by infusing modern technology and market economics into a non-democratic system controlled by the Communist party and bureaucracy. Shenkar shows why China's quest for global success differs radically from predecessors such as Japan, India, and Mexico... why it represents a fundamental restructuring of the global business system... and why it will transform the roles of participants in the global economy. He previews tomorrow's new competitive ground rules, terms of employment, and consumption patterns, and shows how Chinese ascendancy is redrawing political, economic, and social battle lines. Learn why the U.S. is most vulnerable to China's ascent... how China's disregard for intellectual property creates sustainable competitive advantage... how China's growth impacts global businesses and individual purchasing decisions. Above all, Shenkar shows what you must do to survive and prosper in "The Chinese Century."
22 of 23 people found the following review helpful
The Chinese mean business and are good at it,
This review is from: The Chinese Century: The Rising Chinese Economy and Its Impact on the Global Economy, the Balance of Power, and Your Job (Hardcover)Since I regularly read journals dealing with international business and manufacturing, I am aware of the trends. However, until I read this book, I had no idea how dramatic the rise in the economic power of the People's Republic of China has been. From the figures in this book, it is clear that the phrase, "The cold war is over and the Chinese have won" is true. Current projections are that in less than two decades, the economy of the P. R. C. will surpass that of the United States. If the economic activity of the Chinese mercantile class living in other Asian nations is factored in, then the timeframe is even shorter.
In area after area, from clothing to toys to furniture, manufacturing is shifting to China. Even the traditional low cost countries such as Mexico, Haiti and Honduras are losing manufacturing jobs to China. The figures on the number of Mexican jobs that have been exported to China are amazing and disturbing. Many of the employment gains that Mexico expected... Read more
15 of 15 people found the following review helpful
Behind the great wall,
This review is from: The Chinese Century: The Rising Chinese Economy and Its Impact on the Global Economy, the Balance of Power, and Your Job (Hardcover)This is a superb book on the burgeoning Chinese economy of the twenty first century and its impact on the global economy in general and the USA in particular. My impression about China being a low cost manufacturing base and a major exporter of cheap labor intensive products stands corrected after reading this book. The most populous country is way ahead in her spirited economic journey and the forecasts of becoming the world's largest economy in PPP terms within the next two decades seems realistic and achievable.
With a brief introduction and prospects of a glorious future, the book gives us a broad historical perspective of the Chinese history and culture. The rich heritage and Confucian principles have withstood the test of time. The country was responsible for important inventions like paper and gunpowder. Unfortunately the powder was not dry when needed against foreign invasions and many inventions remained on paper. This humiliation and the setback during the first... Read more
13 of 13 people found the following review helpful
China: The Next Japan... or the Next U.S.?,
This review is from: The Chinese Century: The Rising Chinese Economy and Its Impact on the Global Economy, the Balance of Power, and Your Job (Hardcover)Barely thirteen years ago, Michael Crichton chose Japan's growing economic power as the subject of his thriller Rising Sun. What, besides Japan, could scare Americans as much as the raging dinosaurs of Crichton's previous book, Jurassic Park? But the sun failed to rise. Today, when Americans look East, it's China they're usually worrying about.
Will China ultimately become the next Japan, hobbled by internal weaknesses? Not likely, argues Oded Shenkar, author of Wharton School Publishing's latest book, The Chinese Century. Rather, China will leverage its growing advantages to redraw long-standing economic, political, and security arrangements-potentially to the West's great discomfiture.
China's size gives it crucial advantages over other emerging economies, writes Shenkar. Its enormous worker supply lets it keep moving up the technology scale without raising costs. Its huge markets allow it to drive hard bargains on technology transfer. It benefits from regional... Read more
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Table of Contents
About the Author.
1. The Dawn of the Chinese Century.
China in the Global Economy.
Resources and Capabilities.
The Synergies of Greater China .
Coming to America .
The Chronic Importer.
The Naïve Trader (or the One with More to Lose).
Follow the Curve.
Foreign-Generated and “Self-Inflicted” Imports.
The Currency Play.
China Takes on the World.
The World’s Factory.
The Export Imperative.
Where the Jobs Are.
A Consumer Paradise .
The Coming Realignment.
2. The Middle Kingdom.
An Imperial (But Not Imperialist) Heritage.
The Imperial Bureaucracy.
China and Its Neighbors.
The Imperial Imprint.
The Modern Era: China and the Foreign Powers.
The Shadow of Humiliation.
China Under Communism.
The Communist Imprint.
The Reform Period.
3. Like No Other.
Is China a New Japan ?
Analogies of Response.
Japan , China , and the Limits of Analogy.
The Innovation Imperative.
Dragons, Large and Small.
Hong Kong .
South Korea .
The Asian Crisis, Misinterpreted.
China and India : A Tale of Two Nations.
4. From Socks to Aircraft.
The Technology Legacy.
Inventions But No Science .
The Price of Falling Behind.
Technology by Decree: The Central Planning Legacy.
Climbing the Technology Ladder.
Leveraging Foreign Investment.
Technology Transfer Incentives.
Learning from the Barbarians.
Indigenous Innovation: Still a Dream.
Developing Research Capabilities.
Upgrading China ’s “Humanware”.
Transforming the Educational System.
The Return of the “Turtles”.
Bringing Technology to the Enterprise .
OEM, ODM, OBM.
Technology as a Freebie.
5. The Two-Dollar Rolex.
Piracy, Counterfeiting, and the Like.
The Costs and Benefits of Knock-Offs.
An Industry in the Making.
Institutional and Legacy Factors.
The Organization of Fake Production.
Pirating “Digitized” Products.
The Enforcement Failure.
The Globalization of Piracy and Counterfeiting.
Navigating Pirate Seas .
6. The Business Challenge.
America ’s Clothier.
Furniture from Afar.
The Geography of the China Impact.
Holding Its Own: The European Union.
The Invasion of Japan .
Friends and Foes: ASEAN and Beyond.
Preparing for the Chinese Century.
A New Game Plan.
If You Can’t Beat Them.
7. East, East, and Away: Where the Jobs Are.
Job Migration: Myth and Fact.
Job Migration and Job Losses.
Macro Promise, Micro Reality.
The Economics of Job Migration - Here We Go Again?
China and the Global Labor Market.
China ’s Job Impact.
Is Your Job in Jeopardy?
Politics and Policies.
Navigating the New Job Landscape.
Up (or Down) the Ladder.
8. A TV from Sichuan .
The Factory to the World Meets the Consumer of the World.
The Nation of Wal-Mart.
A Level Playing Field.
Would You Buy a Chinese Product?
China and the Brand.
Is “Buy American” Returning?
9. China Rising.
The Tortoise and the Hare.
China and the World Trade Organization.
Scenarios for the Future.
Nations and States.
Global Battle Lines.
Downloadable Sample Chapter
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Jan 30, 2006
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