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.