Book Review China Inc.
In the book China Inc. by Ted Fishmen, Talks about how China’s economic strengths in and how there growth will change the world. One example that he gives it’s the fact that China is going to be a huge influence on world economics. They are able to use techniques that cut the prices so low that the rest of the world cannot keep up with. The book talks about how many of the Chinese workers can work up to 12 hours a day seven days a week. The Chinese labor is also very cheap and also very efficient. Many of the Chinese factories are very efficient and they can lower the price dramatically because many of the workers only get paid a dollar an hour. Even with America having top of the line equipment they cannot match the price because they have to pay their employees so much more. China Also doesn’t have copyright laws so many of the factories copy the designs of the equipment so they too can make there machines for cheep and still have good equipment to produce high quality goods. He also states that China has one of the fastest growth rates at about 9%. Many developing countries can’t even imagine coming close to the growth rate. He also touches on the fact in like 5 years there will be a huge concern for automakers because they will be able to make cars that are very nice at a price that competitors will not be able to match. This book focuses on mainly the fact that many other countries including the US will not be able to keep up with industrial super power of China.