Summary of The Chinese Century

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Rating

7 Overall

8 Applicability

7 Innovation

6 Style

Recommendation

This is an important book for anyone doing business with China or facing a competitive threat from the world's most rapidly expanding economy. Author Oded Shenkar presents the forces that have made China a global economic powerhouse. He explains how it uses fair and unfair competitive advantages to muscle trading partners and manufacturers to get what it wants. This includes copying everything from technology to factory blueprints and training manuals so it can leapfrog ahead of other developing nations. Unofficially, China also encourages counterfeiting and smuggling as well as copyright violations. To compete, European and U.S. corporations must understand how the Chinese operate and develop new business plans. This dry text is not casual reading, but it provides important information about how to contend against a tough, rule-breaking competitor. getAbstract.com recommends this book to anyone doing business with or competing against China. Shenkar makes it clear that U.S. businesspeople must learn the new rules in the global marketplace. It's game time.

In this summary, you will learn

  • What forces have made China the world's fastest growing economy;
  • What fair and unfair advantages China has over competing countries; and
  • What types of U.S. jobs have a better chance of surviving competition from China.
 

About the Author

Oded Shenkar chairs Global Business Management at the Fisher College of Business, Ohio State University. He has published numerous articles on international business and, China. He also has edited several books, including the Handbook for International Management Research and International Business.

 

Summary

Rise of a Global Power
While Asian economies are improving significantly, China is not in the same category as the other "Asian Tigers" (South Korea, Singapore, Taiwan and Hong Kong) and Japan. China is in a class by itself. With 1.3 billion people, extensive natural resources, a strong...

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    Oded Shenkar

    Harvard Business Review Press, 2010

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