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The Chinese Century: The Rising Chinese Economy and Its Impact on the Global Economy, the Balance of Power, and Your Job (Hardcover)
by Oded Shenkar
| Category:
Chinese economy, Global economy, China & Asia business |
| Market price: ¥ 278.00
MSL price:
¥ 258.00
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| Stock:
Pre-order item, lead time 3-7 weeks upon payment [ COD term does not apply to pre-order items ] |
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 Good for Gifts |
| MSL Pointer Review:
A very timely and informative book that pictures Chinese economy and its impact on the rest of the world from a very balanced lens. |
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Author: Oded Shenkar
Publisher: Wharton School Publishing
Pub. in: October, 2004
ISBN: 0131467484
Pages: 208
Measurements: 9.1 x 6.1 x 0.9 inches
Origin of product: USA
Order code: BA00845
Other information: ISBN-13: 978-0131467484
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- MSL Picks -
Is China's growth and development affecting your life? Of course, it is! You would not believe how many different ways you are affected every day-directly and indirectly - by what is happening in this huge country. Shenkar, an international scholar focused on China and East Asia is a perfect guide to take you on a journey of discovery. You'll be fascinated.
The book begins with a look at past centuries, to better understand this one. The first couple of chapters provide an enlightening understanding of what and why that will equip you to amaze friends with your lucid conversation about China. Historically, China has important relationships with Japan (a former conqueror), and the dragons. You'll learn about that aspect of China before you dive into an exploration of technological development.
Several Industries ranging from toys, electronics and home appliances are discussed extremely well in terms of how China is emerging as a global leader in such items and also how fast the country is moving up the value chain.
However there are major risks associated with China that can spillover and might threaten a regional or global economic meltdown. The Chinese currency is pegged to the dollar and undervalued. The excessive dependence on external trade with one major trading partner adds to the risk. The country is very weak in services especially financial services and this is further amplified by huge bad loans sitting on the books of Chinese banks. The speed of progress and transition of the economic landscape needs extreme care and dexterity under such conditions.
The book's analysis of how the China factor impacts the American or Mexican economies can be extended to many other countries using the same logic and framework.
What you learn in the pages of this book will alter your view of the world and stimulate your thinking about your future. Regardless of your position in life or where you live on the planet, your future will be influenced by what is happening in China today. A must read for managers, economists, MBA students and all those who are interested in the understanding the great economic engine of the century.
- From quoting Roger Herman and B. Shenoy
Target readers:
Entrepreneurs, managers, economists, MBA students and all those who are interested in the understanding the great economic engine of the century.
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Oded Shenkar is Ford Motor Company Chair in Global Business Management at the Fisher College of Business, Ohio State University. His research interests include international business, comparative and international management, and strategic and managerial issues pertaining to international strategic alliances, with a focus on China and East Asia. Dr. Shenkar has published numerous books and articles on international business and management and on China in particular. He also has edited several books, including Handbook for International Management Research Second Edition and International Business. Dr. Shenkar serves on the editorial boards of the Academy of Management Executive, Journal of Cross-Cultural Management, Journal of International Business Studies, Journal of Management Inquiry, Management International Review, Human Relations, and Organization Studies. He advises multinational firms, national and state governments, and international organizations, and serves as a member of the Conference Board Council of Integration Executives. He holds a Ph.D. from Columbia University, New York.
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From the publisher
Within 20 years - possibly far sooner - China will have the world's largest economy. That will powerfully impact you: your job, your company, your economic future, and your country. 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 accelerating growth differs radically from predecessors such as Japan, India, and Mexico - and how it will lead to a radical restructuring of the global business system. Discover why the U.S. is most vulnerable to China's ascent... how China's disregard for intellectual property creates sustainable competitive advantage... and how China's growth impacts every global business and consumer.
Above all, Shenkar shows what you must do to survive and prosper in "the Chinese Century."
- Cheap labor + millions of high-skilled professionals
- How China will sustain dominance in low-tech industries as it enters high-tech realms
- Building tomorrow's Toyotas and Sonys... faster and cheaper
- Chinese multinationals: learning from joint ventures, preparing to lead
- Leveraging Hong Kong, Taiwan, Singapore, and the "Chinese diaspora"
- Bringing together the world's most powerful pool of human resources
- $2 Rolexes, and beyond
- Piracy, counterfeiting, bootlegging, and stolen intellectual property
- From economics to geopolitics: counterbalancing America
- Previewing China's increasingly assertive foreign policy
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| View all 10 comments |
Charles (MSL quote), USA
<2007-06-15 00:00>
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 to have due to the NAFTA accords have been lost to China. American jobs being lost to China is not surprising, but the movement of jobs throughout the entire Western Hemisphere indicates a global transfer of economic power.
This rise in economic power will lead to a corresponding increase in political and economic power. Many of those trends are also described, including some of the early responses by those who study U. S. national security. I was also impressed with the prescience of the Chinese leadership in their dealings with leaders in the United States. By adopting a policy of divide and conquer, they have been able to stave off attempts to restrict their activity. Since any attempt by the U. S. government to slow the expansion of P. R. C. involvement in one area will reduce the market opportunities of another group, every attempt to do so is quickly squashed. There is no better example than that on page 173, "With such strong internal support, it is no wonder that China can afford to spend less than desolate Malawi on paid U. S. lobbyists."
Here are some sample statistics. On page 111, "According to ATMI, the U. S. market share of brassieres made in Mexico is projected to fall from 47 percent in 2001 to 6 percent in 2004; China's share is expected to rise from 5 to 67 percent." On page 106, "Between 1996 and 2002, U. S. imports of Chinese household furniture rose more than six fold from $741 million to $4.8 billion." Later in the page, a comparison was made between the prices of a bedroom set made in the U. S. ($22,755) to a comparable one made in China ($7,070).
In the 1980's Japan was considered the great economic threat arising in Asia. That turned out to be false, Japan has been economically stagnant for years. Some people argue that the situation with China will turn out to be similar. However, there are many reasons to believe that this is a false premise. China possesses more people, resources and is much more adept at managing their relationship with the American community. I strongly recommend this book if you are interested in being carried by the wave instead of being buried by it. |
John (MSL quote), USA
<2007-06-15 00:00>
The main thought I kept having as I went through this book was that I'd like to go spend a few hours talking with Dr. Shenkar, perhaps over a couple of beers.
He presents here what I would consider to be the 'linear projection view' of what might happen in China. That is, he seems to think that the current trends in China, modified somewhat by Japanese history after the war, will continue through the next century. That is, he forecasts that China will be able to capitalize on cheap labor, millions of high-skilled professionals, and a friendly business environment to become a major if not dominant economic superpower during the next century. It's hard to argue with the points he makes for the near future. But to forecast that this will continue for a century is a pretty big step. A century is a long time.
Some points I'd like to discuss with Dr. Shenkar:
China's political future. China had a revolution in 1911 with Sun Yat-sen. Another revolution in the 1940's. They now have an authoritarian government that under the current leadership is open to foreigners and foreign trade. But this leadership is getting along in years. Who is to say that another leader couldn't emerge that would take us back to xenophobic days or even another 'Cultural revolution.' Who is to say that there won't be another armed revolution to throw over the current government and replace it with a military dictatorship or whatever.
Muslim influence (really difficulties) seems to be growing in China as it is in the rest of the world. Xinjiang province has some 23,000 mosques. The religious aspects of the Muslims is in direct contrast to that of the Communist government. Will the current state continue for a century? Considering the changes over the last century, I wonder.
Oil isn't mentioned in the book. China's exports to the United States are dependent on the low cost of transportation. A standard ocean shipping container costs about $3,000 to ship from China to the United States. Nearly every forecast says that by mid-century oil will be in very short supply. Suppose the cost of shipping a container is $30,000 or $50,000. How far does this go to offset the cost in US manufacture? Automobile manufacturing is mentioned a lot in the book. Apparently the Chinese government wants to move into manufacturing automobiles for export to the US. What happens to the automobile market when gasoline is $30 or $50 or more per gallon. This is the kind of problem that a centralized government can't handle well.
In short I find this book most interesting, well thought out, well written and almost mandatory reading for anyone thinking about business in the next century. But the conclusions he reaches are not necessarily the ones on which I'd bet the family farm. |
Cindy (MSL quote), China
<2007-06-15 00:00>
As a native Chinese who was born, grew up and educated in China, I was skeptical first about a book written by a westerner on China. I have to admit I've found The Chinese Century to be a fascinating book both in terms of reading experience and knowledge literature and information. It is such a great read, I couldn't put it down!
The amount of useful information about China is mind blowing! I would recommend to all interested in exploring business opportunities in China or learning more about China and Chinese people. It's eye-opening, knowledgeable, insightful and helpful! Don't miss it. |
Julia (MSL quote), USA
<2007-06-15 00:00>
I think the author brings up some very interesting observations about current business environment in China, although I'm not sure what the end result is to the reader. Don't get me wrong, I enjoyed this book immensely and will recommend it highly. Develops very helpful frameworks for doing business in China but the books fail to come with the simple action plan that reader like me could use. I've noticed several reviewers seem to be wondering what, in essence, this book means for them, and to this I will say that it's great, thought provoking insights about future of the world economy and the Chinese role in it. |
View all 10 comments |
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