Timely and informative book focusing on various political, economic and business issues on current China and global affairs. Offers very creative ideas and information on numerous key issues facing all nations.
First, the impacts of globalized economy, banking, trade and employment on both emerging and developed nations. Among others, author offers very extensive discussions on the role of global multinationals in reshaping world business and economy today. It details how these multinational corporations influence the changes and development of Chinese market, economy, business and institutions. Numerous industries are examined as well, including banking, manufacturing, hightech, retail, telecomm, energy and infrastructure. Also, over a dozen leading multinationals are studied.
Second, the changes of Chinese society from a tightly closed one to an increasingly open, dynamic and forward looking place. Such changes have offered large opportunities for the domestic private sector and individuals. In particular, it gives very detailed studies on the emergence of China as a manufacturing center as well as its consequences. Namely, it causes serious domestic market-oriented changes on one hand and global manufacturing and job transfers on the other hand. This further impacts the old economic and business map of the developed world in particular. Author asserts that all the changes remain at the very beginning.
Third, political and institutional changes under globalization, market competition, and openness. Author is very well versed on the basic issues of Chinese political system and its current development. he asserts that China remains to have an urgent need to transform its self-appointed government body into a modern service provider. Enormous information and dissusions are presented to show why this is the case. And author is very open and candid on the vast political challenges confronting China. But he also asserts that an open society brings vast new opportunities to deal with these tough challenges.
The last four chapters offer further discussions on historical, global changes. Author offers strong arguments that globalization is an inevitable process of human history. Furthermore, this globalized economy and politics offers vast new opportunities for all people and nations. What is more, China and other developing nations gain vast new ways for development as well as resolving deep-seated political and institutional problems at home.
Overall, it is a first class work, highly intelligent and creative. Better still, author is able to give a very clear presentation, which is a huge plus.