recentpopularlog in

jerryking : america   7

The China Syndrome
JULY 16, 2007 | WSJ | By JEREMY HAFT.
On average, it takes China 17 separate parties to produce a product that would take us three. Unlike Japan in the 1980s, little companies drive China's economic growth, not big ones. China's industries are composed of hundreds of thousands of tiny factories and farms -- plus traders, brokers, haulers and agents, all of whom take control of the goods and materials but add little value to the product. With every additional player in the chain, the cost, risk and time grow. Effective quality control in this environment is difficult.So is effective cost control. Despite cheap labor, making goods in China is often more expensive than in the U.S. Far from being a bottomless ATM of cheap consumer goods, China is a risky, costly and time-consuming place to do business.Yet polls show a majority of Americans believe China has mastered basic manufacturing -- and it's now barreling into our high-tech backyard. That's false. As the product recalls demonstrate, China can barely make low-value goods reliably, much less higher-value ones……To compete head-to-head with the American economy, China will have to revolutionize the very way its industries are organized. It must shake out the thousands of low-value middlemen and integrate the tiny factories into larger, more competitive companies. It must train a workforce in modern technology and business practices. And, it must instill transparency and a uniform rule of law. Such an effort could span generations…….the next century will not be led by the country that can make the cheapest copy of a spark plug. It will be led by innovators and entrepreneurs, America's unrivaled assets. Innovation -- not imitation -- will create jobs and maintain America's economic primacy in the century ahead.
China  Chinese  product_recalls  America  transparency  manufacturers  innovation  competitiveness_of_nations  low_value  middlemen  rule_of_law  entrepreneurship 
october 2011 by jerryking
Hating America – until you really need help - The Globe and Mail
CHRYSTIA FREELAND | Columnist profile
From Friday's Globe and Mail
Published Thursday, Sep. 15, 2011
superpowers  Chrystia_Freeland  schadenfreude  indispensable  America  Ian_Bremmer  G-Zero  America_in_Decline? 
october 2011 by jerryking
Peggy Noonan: America Is at Risk of Boiling Over - WSJ.com
AUGUST 6, 2010 | Wall Street Journal | By PEGGY NOONAN. And out-of-touch leaders don't see the need to cool things off.
America  Peggy_Noonan 
august 2010 by jerryking

Copy this bookmark:





to read