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No Ancient Wisdom, No Followers: The Challenges of Chinese Authoritarian Capitalism - Couverture souple

McGregor, James

 
9781935212812: No Ancient Wisdom, No Followers: The Challenges of Chinese Authoritarian Capitalism
Couverture souple
ISBN 10 : 1935212818 ISBN 13 : 9781935212812
Editeur : Prospecta Press, 2012

Synopsis

In the past three decades, China has risen from near collapse to a powerhouse - - upending nearly every convention on the world stage, whether policy or business. China is now the globe's second largest economy, second largest exporter, a manufacturing machine that has lifted 500 million of its citizens from poverty while producing more than one million US dollar millionaires. Then why do China's leaders describe the nation's economic model as unstable and unsustainable Because it is. James McGregor has spent 25 years in China as a businessman, journalist and author. In this, his latest highly readable book, he offers extensive new research that pulls back the curtain on China's economic power. He describes the much-vaunted China Model as one of authoritarian capitalism, a unique system that, in its own way, is terminating itself. It is proving incompatible with global trade and business governance. It is threatening multinationals, which fear losing their business secrets and technology to China's mammoth state-owned enterprises. It is fielding those SOEs China's national champions - - into a global order angered by heavily subsidized state capitalism. And it is relying on an outdated investment and export model that's running out of steam. What has worked in the past, won't work in the future. The China Model must be radically overhauled if the country hopes to continue its march toward prosperity. The nation must consume more of what it makes. It must learn to innovate. It must unleash private enterprise. And the Communist Party bosses They must cede their pervasive and smothering hold on economic power to foster the growth, and thus social stability, that they can't survive without. Government must step back, the state-owned economy must be brought to heel, and opportunity must be freed. During the Tang Dynasty, an official in the imperial court observed: No ancient wisdom, no followers.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

In the past three decades, China has risen from near collapse to a powerhouse - - upending nearly every convention on the world stage, whether policy or business. China is now the globe's second largest economy, second largest exporter, a manufacturing machine that has lifted 500 million of its citizens from poverty while producing more than one million US dollar millionaires. Then why do China's leaders describe the nation's economic model as unstable and unsustainable Because it is. James McGregor has spent 25 years in China as a businessman, journalist and author. In this, his latest highly readable book, he offers extensive new research that pulls back the curtain on China's economic power. He describes the much-vaunted China Model as one of authoritarian capitalism, a unique system that, in its own way, is terminating itself. It is proving incompatible with global trade and business governance. It is threatening multinationals, which fear losing their business secrets and technology to China's mammoth state-owned enterprises. It is fielding those SOEs China's national champions - - into a global order angered by heavily subsidized state capitalism. And it is relying on an outdated investment and export model that's running out of steam. What has worked in the past, won't work in the future. The China Model must be radically overhauled if the country hopes to continue its march toward prosperity. The nation must consume more of what it makes. It must learn to innovate. It must unleash private enterprise. And the Communist Party bosses They must cede their pervasive and smothering hold on economic power to foster the growth, and thus social stability, that they can't survive without. Government must step back, the state-owned economy must be brought to heel, and opportunity must be freed. During the Tang Dynasty, an official in the imperial court observed: No ancient wisdom, no followers.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Prospecta Press
Date d'édition
2012
Langue
anglais
ISBN 10 
1935212818
ISBN 13 
9781935212812
Reliure
Broché
Nombre de pages
146
Coordonnées du fabricant
non disponible
Personne responsable
non disponible