Summary of Breaking the Wall of Efficient Innovation

What Can Be Learned from China’s Planned Capitalism?

Falling Walls Foundation, more...

Watch the video

Breaking the Wall of Efficient Innovation summary
The Chinese economy is not simply synonymous with “deep, cheap labor.” Innovative thoughts and processes abound.


8 Overall

8 Importance

8 Innovation

8 Style


For the economically narrow-minded, the Chinese economy has become synonymous with “deep, cheap labor.” Management professor Doug Guthrie describes how innovative Chinese economic models are breaking through walls of traditional economic theory, spurring China’s economic growth. While always politically neutral, getAbstract recommends Guthrie’s perspective-shifting report to economists, global business executives and anyone interested in sustainable economic innovation.

In this summary, you will learn

  • Why the current free market system is flawed
  • How China has risen to economic greatness through innovative economic reform policies
  • How state subsidies facilitate Chinese innovation


Many proponents of capitalism, particularly in the United States, extol the free market system and reject all other models. They believe that markets can solve the world’s difficulties better than governments can. While that ...
Get the key points from this video in less than 10 minutes. Learn more about our products or log in

About the Speaker

Doug Guthrie is dean of the George Washington University School of Business.

Comment on this summary

More on this topic

Customers who read this summary also read

More by category