The Chinese Century: The Rising Chinese Economy and Its Impact on the Global Economy, the Balance of Power, and Your Job

Chapter 1. The Dawn of the Chinese Century

Economists and editorial writers often paint China's ascent as one more case of an emerging economy on its way up, preceded by Japan and the Asian “tigers” (South Korea, Singapore, Taiwan, and Hong Kong), and soon to be joined by India. It is anything but: China's rise has more in common with the rise of the United States a century earlier than with the progress of its modern-day predecessors and followers. What we are witnessing is the sustained and dramatic growth of a future world power, with an unmatched breadth of resources, lofty aspirations, strong bargaining position, and the financial and technological wherewithal of an established and business-savvy Diaspora. The impact of a rising China on ...