This paper examines "Big Dragon China's Future: What it Means for Business, the Economy, and the Global Order" by Daniel Burstein and Arne de Keijzer who both contend that China is well on its way to becoming the world's largest economy.
Written in 2006; 2,496 words; 2 sources; APA; $ 75.95
Paper Summary:
This paper reviews Burstein and de Keijzer's "Big Dragon China's Future: What it Means for Business, the Economy, and the Global Order" in which both authors predict that by the 2030s China will be the world's largest economy. This paper discusses the various companies that have suffered due to the shifting politics of foreign policy between China being in favor one day and out the next. This paper also details the views of Jeffrey Garten, a writer for "Harvard Business Review" who sees China as enticement for foreign investors, yet stresses caution should be used in developing any business relationship with China. This well-written paper covers several areas regarding China's economy including a U.S. initiative supporting China's membership in the World Trade Organization, expansion of U.S. public-private partnerships to invest and help solve particular problems in China and development of China's policy mutually with U.S. allies. "Big Dragon" profiles many individual Chinese entrepreneurs and others who are bringing a new China into being. This paper also focuses on Zhang Wei, one of China's more successful entrepreneurs, who went from government researcher to heading a company employing 400 in only three years. Despite the differences between practices in China and other countries, many corporations are willing to take a big gamble on China, seeing that their future is dependent on their performance in China.
From the Paper:
"Over the course of his history, Zhang has captured the essence of the Chinese business world of "catch-as-catch-can". His corporation has various types of holdings, often-different one from the other. Zhang has bridged the gap across the Pacific with the United States with his position of "master franchise holder in China" of an American company, Fun World. What makes this situation particularly unique is that it is one of the first companies in China "to buy an interest in a U.S. company." At the time Big Dragon was written, Zhang was "negotiating an arrangement that would shift manufacturing of all the equipment for the centers to China." Zhang hopes to take the U.S. company over altogether, including the export of the concept to "other countries and selling the franchisees Chinese-made equipment." Zhang has encountered some problems along the way, problems that are compounded by China's culture and lack of laws, which govern specific business issues. One is that franchisees have stolen the company name and have opened their own centers."
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