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Best Article On China in Years

Posted by: Bruce Nussbaum on October 24, 2009

Check out this balanced, insightful and cautious piece on China’s economy in Bizweek. It’s hard to get through the hype on China these days and this piece does just that. It’s written by two of the best journalists I know—Pete Engardio and Dexter Roberts.

We really need some balance in our view of the “rise of the rest” as Fareed Zakaria puts the decline of the US. At the very least, we need to understand that there is nothing inevitable about the rise and fall of nations or empires. Just in the past half century, we’ve seen the rise and breakup of the Soviet communist empire and the rise and stagnation of Japan. “Europe” has risen—and stopped, poised for a possible fall. The OPEC nations of the Middle East once looked like they would dominate the globe. Now don’t. Brazil is moving up fast—for the second time in a century. Ditto for Turkey.

As for the US, the first book I did was editing The Decline of US Power—in 1980-off a cover story I did with a team at Business Week in 1979. A lot happened in the following decades.

Culture, demographics, currency all play key roles that are often less understood than technology, exports, shiny architecture and infrastructure.



Want to stop talking about innovation and learn how to make it work for you? Bruce Nussbaum takes you deep into the latest thinking about innovation and design with daily scoops, provocative perspectives and case studies. Nussbaum is at the center of a global conversation on the growing discipline of innovation and the deepening field of design thinking. Read him to discover what social networking works—and what doesn’t. Discover where service innovation is going and how experience design is shaping up. Learn which schools are graduating the most creative talent and which consulting firms are the hottest. And get his take on what the smartest companies are doing in the U.S., Asia and Europe, far ahead of the pack.

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