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- Herausgeber: Political Book Summaries
- Kategorie: Fachliteratur
- Sprache: Englisch
The must-read summary of Ted C. Fishman's book: “China, Inc.: How the Rise of the Next Superpower Challenges America and the World”.
This complete summary of "China, Inc." by Ted C. Fishman presents the author's argument that China's labour force and low-cost production are the main reasons for its impact on the global economy. Fishman also analyses the consequences Chinese dominance will have on American economy and workforce.
Added-value of this summary:
• Save time
• Understand Chinese dominance and its impact on the global economy
• Expand your knowledge of international politics and economics
To learn more, read "China, Inc." and discover the implications of the Chinese workforce and emerging market economy on global politics.
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Seitenzahl: 16
Veröffentlichungsjahr: 2017
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Book Presentation: China, Inc. by Ted C. Fishman
Book Abstract
In China, Inc., Fishman describes the increasing influence China is having on the worldwide economy. Because China has an enormous labor force willing to work at low wages, its output forces prices down. The low cost of production encourages thousands of businesses to relocate in China, many of which would otherwise be located in America and Europe.
China’s impact on the global economy, and especially the U.S. economy, is significant and growing. Fishman takes a detailed look at how China is able to accomplish this dominance and what it means for the future of America’s economy and workforce.
About the Author
Ted C. Fishman, a former stock market trader, has written essays and reports for The New York Times Magazine, USA Today, Money, Business 2.0 and other publications. His commentaries on international business are heard on PBS International’s Marketplace.
Summary of China, Inc. (Ted C. Fishman)
The World Shrinks as China Grows
China’s population, totaling close to 1.5 billion, represents a huge potential market for American goods. It also represents a huge, inexpensive workforce, and many U.S. companies are outsourcing jobs to China. In 2003, China sold the U.S. $152 billion more in goods than they bought and attracted $53 billion in foreign capital, compared to $40 billion in the U.S.
Shanghai, China’s first modern city, is a center for global business. More than 5,000 new skyscrapers were constructed there between 1980 and 2004. The average Shanghai income is 10 times higher than elsewhere in China. Property values are exploding.
By the end of 2003, 14,400 foreign-owned businesses were in Shanghai. Future plans for Shanghai include the world’s tallest building, largest shipyard and fastest train.
