In the book, Shenkar says too many Americans have been lulled into complacency, thinking
“This does not mean the decline of American civilization. But we have to understand what is happening and make adjustments, because
Growing at a faster clip than any other major nation,
One of the major advantages
This inflow of technology has allowed
“We will continue to get the T-shirts and toys, but we will also be getting the motorcycles and cars very soon,” he said.
This means that even
“I think Americans have grossly underestimated the problem of intellectual property rights as it applies to
And the issue goes beyond copying CDs and DVDs, although that in itself is a major problem.
For example, more than half of the motorcycles sold in
But the stunning growth of the Chinese economy is the result of more than just the willingness to steal technology, and other factors inside the country’s borders. Changes in worldwide logistics, and the globalization of industry, has helped set the stage for
One reason that Chinese goods have made such inroads in the
Wal-Mart has offered huge promotions in which they have offered non-name-brand products such as televisions and DVDs at very low prices – and most of those products have come from
“Chinese firms have been able to enter the
Shenkar said the growth of the Chinese economy means American firms and workers need to let go of their old assumptions about the world economy, and what it takes to get ahead and stay ahead.
For one, American companies cannot assume that
Americans can also not assume, as they have in the past, that education is a good enough defense against losing jobs to overseas competitors. While education is important, he said, other countries are catching up to us in knowledge and education and will be able to compete with us in nearly any job category requiring advanced education.
And while Americans are properly concerned about human rights violations and artificially low wages in
“You don’t have to convince me that
While he has many concerns about how the
Among all the characteristics