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China: The Balance Sheet: What the World Needs to Know Now About the Emerging Superpower (Institute International... |
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You Are Here: Home > History Books > China History > Item 30
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China: The Balance Sheet: What the World Needs to Know Now About the Emerging Superpower (Institute International...
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by C. Fred Bergsten, Bates Gill, Nicholas R. Lardy, and Derek Mitchell
Sales Rank: 59579
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List Price: $13.95
$13.67
At Amazon
on 9-12-2008.
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Features
Cover Type: Paperback with 224 pages
Published by: PublicAffairs March 12, 2007
Written in: English
ISBN 10 Number: 1586484354
ISBN 13 Number: 978-1586484354
Book Dimensions:
7.7 x 5.4 x 0.7 inches
Weighs: 6.4 ounces
Reader Reviews
This review is from: China: The Balance Sheet: What the World Needs to Know About the Emerging Superpower (Institute International Econom) (Hardcover)
This is the best book on China in many a year. There have been quite a number of books published lately on how China is going to be the superpower of this century. Most of these speak of the business environment only. You will get advice from them on manufacturing in China, how China will take over the world. They look at how much we are buying from China, etc. This book is by the Center for Strategic Studies and the Institute for International Economics. These guys know what they are talking about. For instance, one of the major imports from China is PC's, both desktop and notebook. We purchase billions of dollars worth of PC's from China. On the surface this says that China is making tons of money. BUT, most of the content in the PC is not Chinese. The CPU is probably Intel (made in Malaysia). The Memory is probably Korean. The flat panel display is Japan or Korea. The hard drive is from Indonesia. The common thing in motherboards is to do the technical part of the work in Taiwan and the had inserted part in China. China produced the case and powersupply. Another aspect of China, not usually considered in the business books is the political situation. We all know of Tiananmen Square. But this book says in the first half of 2005 there were 341 large-scale, organized mass incidents - 17 of which involved more than 10,000 protestors - during which 1,740 people were injured and 102 people killed. And between January and October 2005, 1,826 police were injured and 23 killed in mass incidents. China does not have a popular government. Remember that China had two revolutions in the last century -- 1911 and when the communists took over. What are the chances of another? Revolutions do not make for good business conditions. China also has a Muslim problem. China's most western province Sinkiang has borders with Pakistan, Afghanistan, and a few other 'stans. Sinkiang has 23,000 Mosques. And then there is energy. China has very little oil, and the demand for automobiles and gasoline is rapidly growing. I find that I could go on for a long time, but that would be just repeating what the book says. If you are making any guesses about what the future holds for the world, or if it is just your interest, this book is mandatory.
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China: The Balance Sheet: What the World Needs to Know Now About the Emerging Superpower (Institute International...
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Price: $13.67
Updated on 9-12-2008.
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