Summary of Breaking the Wall of Efficient Innovation

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Rating

8 Overall

8 Importance

8 Innovation

8 Style

Recommendation

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 and
  • How state subsidies facilitate Chinese innovation.
 

About the Speaker

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

 

Summary

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 ...

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