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Product Description
The best minds at BusinessWeek explore ways your company can survive-and thrive-amid the business growth and innovation of China and India
The economic rise of China and India has changed the way the world does business-and today's companies need to step up their game. This in-depth report, edited by a senior writer at BusinessWeek, goes behind the headlines of the new “megamarkets” to explore how your company can stay competitive. With a diverse array of viewpoints, ideas, and forward-thinking strategies, Chindia discusses new avenues businesses can use to embrace change and encourage growth.
- Brings together reporting and analysis on China's and India's emerging markets, from the reporters of the world's most widely read business magazine
- Provides need-to-know information for you to plan for the future of your business
- Features an introduction from Engardio, as well as chapter introductions explaining how the stories fit together and concluding summaries of major points for each chapter
From the Back Cover
CHINA AND INDIA:
Reshaping your world and your business
China's growth and manufacturing dominance are two of the biggest global trends of the last 10 years. India's technology, service, and outsourcing industries make it a valued partner, as well as a formidable competitor.
The stunning rise of China and India makes it clear: to survive and thrive in the new global market, you have to engage with China and India. This comprehensive guide is your road map to meeting this challenge. The book combines frontline reports from BusinessWeek's award-winning Asia staff with point-by-point commentary by the experts, including new introductions to each chapter by BusinessWeek's Pete Engardio. Inside you'll discover
WHAT YOU REALLY NEED TO KNOW ABOUT CHINA AND INDIA
A crash course in their cultures, economies, and business practices
WHAT THE EXPERTS SAY ABOUT THE NEW “MEGAMARKETS”
The future of trading, manufacturing, investing, and negotiating
WHAT YOU CAN DO TODAY TO ENSURE YOUR SUCCESS TOMORROW
New corporate models, global paradigms, and other strategies
This up-to-date exploration includes award-winning special reports on key issues such as manufacturing (“The China Price”) and technology (“The Rise of India”). It's filled with the crucial information you need to compete-from the world's most widely read business magazine.
Inside This Book
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Front Cover | Copyright | Table of Contents | Excerpt | Index
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Front Cover | Copyright | Table of Contents | Excerpt | Index
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Customer Reviews
Most Helpful Customer Reviews
1 of 1 people found the following review helpful
Format:Paperback
China and India are both vast, dynamic countries. The pace of their progress is furious and they are earmarked to become "the planet's next economic superpowers." Many commentators on Asia fall into the trap of a stereotype, as if they are classifying China and India together under one broad title - "Chindia." However, China and India are starkly different nations, as highlighted in this book edited by Pete Engardio. For readers unfamiliar with either country, this text provides an easy-to-read introduction. It revisits some of the most common facts and fallacies about economic and business life in both states. getAbstract recommends this well-written, well-edited retrospective archive of BusinessWeek articles as an excellent historic source for anyone interested in China and India's economic emergence during the past several years.
Format:Paperback
While a study of China and India, Chindia is also a study of globalization, and a must for any students of this phenomena, as no study of globalization can ignore the aforementioned countries.
From the Editors of Businessweek, we are provided with an across the board examination of the histories and dynamics of China and India, and the various modern factors and circumstances driving (and inhibiting) their growth.
For those who believed that China and India's ascent was a vindication of their economic models and approaches, you may be in for a sorry surprise. One learns that China is not anywhere near as efficient as one would at first assume, with the ratio of wastage far greater than any Western country. China remains mired with corruption and inefficiency, with state intervention often being a hindrance.
India on the other hand entered the era of economic growth later than China, as it began dismantling its highly centralized, bureaucratic socialist system in the early 90s. India is shown to have a culture of excellence within its education field, particularly within the blue chip sector where it performs so well. One gets a feeling that India could be the more endurable country into the future, as its demographics are better suited for the 21st century, as opposed to the demographic time bomb in the form of China's one child policy.
Of particular note is the examination of the counterfeiting phenomena within China, which varies from the relatively harmless, such as the plethora of Rolex's, Gucci's, and Armani's, to the considerably harmful replication of pharmaceuticals, including lifesaving drugs whose fraudulent copies find their way into western markets. The case of the Chery's alleged cloning of the Chevrolet Spark is also examined, providing insight into the many cases confronting China's alleged trading misdeeds.
An interesting book, and good as both a starting point, and an overview for anyone interested in China and India's meteoric rise.
From the Editors of Businessweek, we are provided with an across the board examination of the histories and dynamics of China and India, and the various modern factors and circumstances driving (and inhibiting) their growth.
For those who believed that China and India's ascent was a vindication of their economic models and approaches, you may be in for a sorry surprise. One learns that China is not anywhere near as efficient as one would at first assume, with the ratio of wastage far greater than any Western country. China remains mired with corruption and inefficiency, with state intervention often being a hindrance.
India on the other hand entered the era of economic growth later than China, as it began dismantling its highly centralized, bureaucratic socialist system in the early 90s. India is shown to have a culture of excellence within its education field, particularly within the blue chip sector where it performs so well. One gets a feeling that India could be the more endurable country into the future, as its demographics are better suited for the 21st century, as opposed to the demographic time bomb in the form of China's one child policy.
Of particular note is the examination of the counterfeiting phenomena within China, which varies from the relatively harmless, such as the plethora of Rolex's, Gucci's, and Armani's, to the considerably harmful replication of pharmaceuticals, including lifesaving drugs whose fraudulent copies find their way into western markets. The case of the Chery's alleged cloning of the Chevrolet Spark is also examined, providing insight into the many cases confronting China's alleged trading misdeeds.
An interesting book, and good as both a starting point, and an overview for anyone interested in China and India's meteoric rise.
Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
6 reviews
10 of 11 people found the following review helpful
A must read for all CEO!!!
30 Dec 2006
Format:Paperback|Amazon Verified Purchase
China manufacturing and India Information Technology are winning the world stage. With 2.3 billion customers, it is a major market to reckon with. The middle class is doing well in both countries.
Using IT as a base, outsourcing, call centers, e-leader in villages, ICICI bank micro finance to the millions of poor, computerized land record, tech innovation become the strength of India. Tata Consulting Services, Wipro, Infosys, Satyam are becoming household names. Tata Motor learned much from Toyota Motor. Indian Institute Technology and Manipal Inst Technology (the other MIT) are just a few of the hundreds of world-class institutions that turned out the best and the brightest students in India. They work on Wall Street, Silicon Valley and become CEOs of their own firms. Problems? Too many people with few teachers in India. Teacher salary is very low and curriculum needs overhaul. Most Indians earn $1 per day. Foreign direct investment (FDI) in India is only $6 bn USD.
For China, FDI is $60 bn USD in 2006. Hu Jintao and Wen Jiabao took over 2003. With foreign reserve almost $1 trillion USD, China buys everything from everyone. Veolia Environment (a French firm) invested $800 million in 10 water-treatment projects and profited well. Proctor and Gamble did wel with 4 factories. Cummins Engine found the niche. Autos: VW is now only 25%, GM is less, difficult to compete with Honda, Hyundai, local brand Chery. Steel, chemical, TV, cell phones, PC, DVD, the list goes on and on. In each one of these areas, there is always Chinese competition. TCL is winning the TV war vs Sony, Panasonic and Samsung. Motorola competes with Nokia and many other locals. Oil business, PetroChina, China National Petroleum Corp, and CNOOC are all owned by the Chinese government. 200 large state companies control oil, gas, telecom, steel, coal, and many other core industries. As more US banks buy shares of the China banks, the growth potential is unlimited. But it also comes with many debt transparency issues.
Historically, India and China never worked together. If they do, I believe it is mutually beneficial. Indians learned from the British with strong IT and finance experience. Chinese are operational and manufacturing experts. That day may come very soon.
In each chapter, it moves back and forth from China to India, making it difficult to flow. This book will be better if it explains one country at a time. Still, the book is very informative and I will recommend this book to all CEOs.
Using IT as a base, outsourcing, call centers, e-leader in villages, ICICI bank micro finance to the millions of poor, computerized land record, tech innovation become the strength of India. Tata Consulting Services, Wipro, Infosys, Satyam are becoming household names. Tata Motor learned much from Toyota Motor. Indian Institute Technology and Manipal Inst Technology (the other MIT) are just a few of the hundreds of world-class institutions that turned out the best and the brightest students in India. They work on Wall Street, Silicon Valley and become CEOs of their own firms. Problems? Too many people with few teachers in India. Teacher salary is very low and curriculum needs overhaul. Most Indians earn $1 per day. Foreign direct investment (FDI) in India is only $6 bn USD.
For China, FDI is $60 bn USD in 2006. Hu Jintao and Wen Jiabao took over 2003. With foreign reserve almost $1 trillion USD, China buys everything from everyone. Veolia Environment (a French firm) invested $800 million in 10 water-treatment projects and profited well. Proctor and Gamble did wel with 4 factories. Cummins Engine found the niche. Autos: VW is now only 25%, GM is less, difficult to compete with Honda, Hyundai, local brand Chery. Steel, chemical, TV, cell phones, PC, DVD, the list goes on and on. In each one of these areas, there is always Chinese competition. TCL is winning the TV war vs Sony, Panasonic and Samsung. Motorola competes with Nokia and many other locals. Oil business, PetroChina, China National Petroleum Corp, and CNOOC are all owned by the Chinese government. 200 large state companies control oil, gas, telecom, steel, coal, and many other core industries. As more US banks buy shares of the China banks, the growth potential is unlimited. But it also comes with many debt transparency issues.
Historically, India and China never worked together. If they do, I believe it is mutually beneficial. Indians learned from the British with strong IT and finance experience. Chinese are operational and manufacturing experts. That day may come very soon.
In each chapter, it moves back and forth from China to India, making it difficult to flow. This book will be better if it explains one country at a time. Still, the book is very informative and I will recommend this book to all CEOs.
7 of 8 people found the following review helpful
A Fascinating View of Two Huge Economies
31 Dec 2006
Format:Paperback
This book provides a look at the growth of the economies of China and India. The book looks at what is going right in both countries and also looks at the big problems facing them (think: poor education, unequal distribution of wealth, government corruption, intellectual property theft, etc.).
In places the book is rather gloomy, particuarly when talking about the loss of jobs in the United States to these countries. In other spots, the book hits the weaknesses of these economic powerhouses right on the head.
The book often gives personal stories of people in these countries who have seen their lives changed by the economic growth of India and China, and many of these stories are fascinating and even touching. All in all, this is a book that is well worth reading.
In places the book is rather gloomy, particuarly when talking about the loss of jobs in the United States to these countries. In other spots, the book hits the weaknesses of these economic powerhouses right on the head.
The book often gives personal stories of people in these countries who have seen their lives changed by the economic growth of India and China, and many of these stories are fascinating and even touching. All in all, this is a book that is well worth reading.
7 of 9 people found the following review helpful
A rehashed set of Business Week articles
23 Jun 2007
Format:Paperback
Although the editor is well meaning in publishing a number of Business Week articles in a single book on India and China, I feel that the chapters lacked deapth. Writing an article for a magazine is very different to writing a chapter of a book and Chindia suffers because it is just a collection of articles. Newspaper & magazine journalists are required to have very different skill sets than book writers and I have yet to find a book written by a journalist that is not shallow and repetitive. I would have expected the bibliography to be a reference to other serious texts and articles on the subject, instead it is a list only of Buisness Week articles on the same subject, whether they are the same articles collected in the book I do not know, but the bibliography shows loyalty to Business Week, not helpfulness to the reader in understanding a complex topic. Chindia is a classic example of a shallow and repetitive book published by a journalist.
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