The Chinese Century The Rising Chinese Economy and Its Impact on the Global Economy, the Balance of Power, and Your Job

by
Format: Hardcover
Pub. Date: 2004-10-13
Publisher(s): FT Press
List Price: $29.99

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Summary

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."

Author Biography

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.


© Copyright Pearson Education. All rights reserved.

Table of Contents

About the Author xiv
The Dawn of the Chinese Century
1(24)
China in the Global Economy
2(5)
Resources and Capabilities
3(3)
The Synergies of Greater China
6(1)
Coming to America
7(7)
The Chronic Importer
10(1)
The Native Trader (or the One with More to Lose)
10(1)
Follow the Curve
11(1)
Foreign-Generated and ``Self-Inflicted'' Imports
12(1)
The Currency Play
13(1)
China Takes on the World
14(3)
The World's Factory
17(2)
The Export Imperative
18(1)
Where the Jobs Are
19(1)
A Consumer Paradise
20(1)
The Coming Realignment
21(4)
The Middle Kingdom
25(16)
An Imperial (But Not Imperialist) Heritage
26(5)
The Imperial Bureaucracy
27(2)
China and Its Neighbors
29(1)
The Imperial Imprint
30(1)
The Modern Era: China and the Foreign Powers
31(2)
The Shadow of Humiliation
32(1)
China Under Communism
33(1)
The Communist Imprint
33(1)
The Reform Period
34(1)
Lofty Aspirations
35(6)
National Symbols
36(1)
Political Aspirations
37(1)
Economic Aspirations
38(3)
Like No Other
41(18)
Is China a New Japan?
43(7)
Analogies of Response
45(2)
Japan, China, and the Limits of Analogy
47(2)
The Innovation Imperative
49(1)
Dragons, Large and Small
50(5)
Hong Kong
51(1)
Taiwan
52(1)
Singapore
53(1)
South Korea
53(1)
The Asian Crisis, Misinterpreted
54(1)
China and India: A Tale of Two Nations
55(4)
From Socks to Aircraft
59(22)
The Technology Legacy
61(3)
Inventions But No Science
61(1)
The Price of Falling Behind
62(1)
Technology by Decree: The Central Planning Legacy
63(1)
Climbing the Technology Ladder
64(2)
Leveraging Foreign Investment
66(6)
Technology Transfer Incentives
67(2)
Learning from the Barbarians
69(1)
Indigenous Innovation: Still a Dream
69(2)
Developing Research Capabilities
71(1)
Upgrading China's ``Humanware''
72(4)
Transforming the Educational System
73(2)
The Return of the ``Turtles''
75(1)
Bringing Technology to the Enterprise
76(5)
OEM, ODM, OBM
77(2)
Technology as a Freebie
79(2)
The Two-Dollar Rolex
81(20)
Yankee Footprints
82(2)
Piracy, Counterfeiting, and the Like
83(1)
The Costs and Benefits of Knock-Offs
84(2)
An Industry in the Making
86(5)
Institutional and Legacy Factors
87(2)
The Organization of Fake Production
89(2)
Pirating ``Digitized'' Products
91(2)
The Enforcement Failure
93(1)
The Globalization of Piracy and Counterfeiting
94(2)
Going Forward
96(5)
Navigating Pirate Seas
97(4)
The Business Challenge
101(20)
Industry Tales
103(5)
America's Clothier
103(3)
Furniture from Afar
106(2)
The Geography of the China Impact
108(6)
Holding Its Own: The European Union
108(1)
The Invasion of Japan
109(1)
Mexico Undone
110(3)
Friends and Foes: ASEAN and Beyond
113(1)
What's Coming
114(2)
Preparing for the Chinese Century
116(5)
A New Game Plan
116(2)
If You Can't Beat Them
118(3)
East, East, and Away: Where the Jobs Are
121(24)
Job Migration: Myth and Fact
123(4)
Job Migration and Job Losses
124(1)
In Context
125(2)
Who Benefits
127(2)
Macro Promise, Micro Reality
128(1)
The Economics of Job Migration
129(3)
Here We Go Again?
132(2)
China and the Global Labor Market
134(5)
China's Job Impact
135(4)
Is Your Job in Jeopardy?
139(6)
Politics and Policies
140(1)
Navigating the New Job Landscape
141(1)
Up (or Down) the Ladder
142(3)
A TV from Sichuan
145(16)
The Factory to the World Meets the Consumer of the World
147(2)
The Nation of Wal-Mart
149(2)
A Level Playing Field
151(1)
Pricing
152(1)
Would You Buy a Chinese Product?
153(5)
China and the Brand
157(1)
Is ``Buy American'' Returning?
158(3)
China Rising
161(16)
Misplaced Analogies
163(1)
The Tortoise and the Hare
164(3)
China and the World Trade Organization
167(2)
Scenarios for the Future
169(4)
Soft Landing
170(1)
Hard Landing
171(2)
Fault Lines
173(3)
Nations and States
174(1)
Global Battle Lines
175(1)
Epilogue
176(1)
Endnotes 177(8)
Index 185

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