Ged Carroll

China Inc. – The 800-pound dragon in the room

Published: (Updated: ) in china | 中國 | 중국 | 中華, economics | 經濟學 | 경제학 | 経済, ideas | 想法 | 생각 | 考える by .

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The New York Times has a great review of China Inc. by Ted C. Fishman which highlights the growing economic might of China. Some interesting facts and figures featured in the review of the book include:

The book also provides some insights into the differences between the rise of China and Japan. Unlike Japan, China Inc. is driven by local enterprises rather than the central analysis and planning carried out by Japanese Ministry of International Trade and Industry (MITI) [now known as the Ministry of Economy Trade and Industry] to find key markets to conquer. There is a certain irony in the socialist state using the brutal darwinism of the marketplace in a way that Adam Smith would have appreciated.

Current reading at chez Renaissance Chambara: