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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 – October 23, 2004

ISBN-13: 007-6092034520 ISBN-10: 0131467484 Edition: 1st

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Product Details

  • Hardcover: 208 pages
  • Publisher: Pearson Prentice Hall; 1 edition (October 23, 2004)
  • Language: English
  • ISBN-10: 0131467484
  • ISBN-13: 978-0131467484
  • Product Dimensions: 6.2 x 0.9 x 9.3 inches
  • Shipping Weight: 15.5 ounces (View shipping rates and policies)
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (41 customer reviews)
  • Amazon Best Sellers Rank: #2,500,877 in Books (See Top 100 in Books)

Editorial Reviews

Review

"Essential reading for anyone doing or planning to do business in China." - Business Destinations --This text refers to the Paperback edition.

From the Back Cover

The Chinese Century: The Rising Chinese Economy and Its Impact on theGlobal Economy, the Balance of Power, and Your Job@font-face {font-family:"Times New Roman"; panose-1:2 2 6 3 5 4 5 2 3 4;}@font-face {font-family:"Courier New"; panose-1:2 7 3 9 2 2 5 2 4 4;}@font-face {font-family:Wingdings; panose-1:5 2 1 2 1 8 4 8 7 8;} p.MsoNormal, li.MsoNormal, div.MsoNormal {margin:0pt; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman";}h1 {margin:0pt; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman"; text-decoration:underline; text-underline:single;}h2 {margin:0pt; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman";}p.MsoHeader, li.MsoHeader, div.MsoHeader {margin:0pt; margin-bottom:.0001pt; tab-stops:center 216.0pt right 432.0pt; font-size:12.0pt; font-family:"Times New Roman";}p.MsoFooter, li.MsoFooter, div.MsoFooter {margin:0pt; margin-bottom:.0001pt; tab-stops:center 216.0pt right 432.0pt; font-size:12.0pt; font-family:"Times New Roman";}p.BL, li.BL, div.BL {margin-top:0pt; margin-right:0pt; margin-bottom:0pt; margin-left:36.0pt; margin-bottom:.0001pt; text-indent:-18.0pt; tab-stops:list 36.0pt; font-size:12.0pt; font-family:"Times New Roman"; font-weight:bold;}p.Body, li.Body, div.Body {margin:0pt; margin-bottom:.0001pt; text-indent:18.0pt; font-size:12.0pt; font-family:"Times New Roman";} @page Section1 {size:612.0pt 792.0pt; margin:72.0pt 90.0pt 72.0pt 90.0pt;}div.Section1 {page:Section1;} @list l0:level1 {text-indent:-18.0pt; tab-stops:list 36.0pt; font-family:Symbol;}@list l1:level1 {margin-left:18.0pt; text-indent:-18.0pt; tab-stops:list 18.0pt; font-family:Symbol;}@list l2:level1 {margin-left:18.0pt; text-indent:-18.0pt; font-family:Wingdings;}@list l2:level2 {margin-left:36.0pt; text-indent:-18.0pt; font-family:"Courier New";}@list l2:level3 {margin-left:54.0pt; text-indent:-18.0pt; font-family:Wingdings;}@list l2:level4 {margin-left:72.0pt; text-indent:-18.0pt; font-family:Symbol;}@list l2:level5 {margin-left:90.0pt; text-indent:-18.0pt; font-family:"Courier New";}@list l2:level6 {margin-left:108.0pt; text-indent:-18.0pt; font-family:Wingdings;}@list l2:level7 {margin-left:126.0pt; text-indent:-18.0pt; font-family:Symbol;}@list l2:level8 {margin-left:144.0pt; text-indent:-18.0pt; font-family:"Courier New";}@list l2:level9 {margin-left:162.0pt; text-indent:-18.0pt; font-family:Wingdings;}@list l3:level1 {margin-left:18.0pt; text-indent:-18.0pt; font-family:Wingdings;}@list l3:level2 {margin-left:36.0pt; text-indent:-18.0pt; font-family:"Courier New";}@list l3:level3 {margin-left:54.0pt; text-indent:-18.0pt; font-family:Wingdings;}@list l3:level4 {margin-left:72.0pt; text-indent:-18.0pt; font-family:Symbol;}@list l3:level5 {margin-left:90.0pt; text-indent:-18.0pt; font-family:"Courier New";}@list l3:level6 {margin-left:108.0pt; text-indent:-18.0pt; font-family:Wingdings;}@list l3:level7 {margin-left:126.0pt; text-indent:-18.0pt; font-family:Symbol;}@list l3:level8 {margin-left:144.0pt; text-indent:-18.0pt; font-family:"Courier New";}@list l3:level9 {margin-left:162.0pt; text-indent:-18.0pt; font-family:Wingdings;}@list l4:level1 {margin-left:18.0pt; text-indent:-18.0pt; tab-stops:list 18.0pt; font-family:Symbol;}@list l5:level1 {margin-left:18.0pt; text-indent:-18.0pt; tab-stops:list 18.0pt; font-family:Symbol;}ol {margin-bottom:0pt;}ul {margin-bottom:0pt;}-->Within 20 years -- possibly far sooner -- China will have theworld’s largest economy. That will powerfully impact you: your job, your company, your economic future, andyour country. In The Chinese Century,Oded Shenkar shows how China is restoring its imperial glory by infusing moderntechnology and market economics into a non-democratic system controlled by theCommunist party and bureaucracy.

Shenkar shows why China’s accelerating growth differsradically from predecessors such as Japan, India, and Mexico -- and how it willlead to a radical restructuring of the global business system. Discover why theU.S. is most vulnerable to China’s ascent... how China’s disregardfor intellectual property creates sustainable competitive advantage... and howChina’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-techindustries as it enters high-tech realms

·      Building tomorrow’s Toyotas and Sonys...faster and cheaper

·      Chinese multinationals: learning from jointventures, preparing to lead

·      Leveraging Hong Kong, Taiwan, Singapore, and the“Chinese diaspora”

·      Bringing together the world’s most powerfulpool of human resources

·      $2 Rolexes, and beyond

·      Piracy, counterfeiting, bootlegging, and stolenintellectual property

·      From economics to geopolitics: counterbalancingAmerica

·      Previewing China’s increasingly assertiveforeign policy


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Customer Reviews

In conclusion, I feel this is a great book for all business people, and a must read for business students.
Chris Bonney
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.
B.Sudhakar Shenoy
Author Oded Shenkar provides up-to-date information, specific details, and perspectives about the current and future ascension of China.
K. Johnson

Most Helpful Customer Reviews

22 of 23 people found the following review helpful By Charles Ashbacher HALL OF FAMETOP 500 REVIEWERVINE VOICE on April 26, 2005
Format: 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 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.
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13 of 13 people found the following review helpful By Wharton School Book Reports on October 22, 2005
Format: 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 leadership, and a vibrant and entrepreneurial overseas community.

Local firms like TCL, Haier, and Lenovo-which just purchased IBM's PC business-are beginning to build solid global brands. Meanwhile, America's shift to Wal-Mart style discount retailing has been a perfect match for China's low cost structure and massive production capacity. Even China's physical and regulatory infrastructures are progressing, though China still hasn't cracked down on the massive intellectual property theft that's often substituted for innovation.

In short, when it comes to long-term global impact, Shenkar believes the best analogy isn't Japan (or India or Singapore): it's the U.S.'s emergence as a world economic power a century ago.

There's little encouragement here for American manufacturers.
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12 of 12 people found the following review helpful By R. Beise-Zee on May 25, 2005
Format: Hardcover
Shenkar's book about China's (coming) economic might is easy to read. It is intended for those reader who are new to the subject. For me it was disappointing. It presents few new aspects. It is not really the scholarly work I was looking for. It lacks precision, includes few references and is sometimes wrong. For instance, Japan now runs a trade surplus with China not a large deficit as the book claims. In one figure payments and receipts are erroneously interchanged. The frequent use of "will" demonstrates that this books stands in the tradition of "Japan as No. 1" and "the American challenge" although it claims not to do this. Shenkar does not give hard evidence for many of his assertions and predictions but bases them on examples. For instance, lower exports from the US to China compared the Europe are explained by European bribes and subsidies, but it can be also due to different export structures.
In the last section of chapter 6 Shenkar notices that there are actually companies that do export to China but keeps silent on the reasons for their success. The book is therefore not useful on this account as well. The tables and graphics are not up to date and copied from other publications. They often end in 2001 or even 2000. A much more detailed and up to date overview on China presents the OECD's "China in the World Economy".
As a side note, the book (as well as others) is as much about the US as it is about China. China is seen only in negative colours. For instance, over and over the negative trade balance between the US and China is discussed while other countries' trade balances with China are often quite balanced.
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