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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (26096)12/14/2002 1:26:47 AM
From: current trend  Read Replies (1) of 74559
 
I posted that article to you not to bait you, but to obtain an insightful analysis of it from someone who should know, that actually lives there real time. I have no way to validate the issues brought up in it as I have never been to China and am not in the business world. In reading that article I was struck by the constant drum beat heard in the press these days of China's coming and inevitable economic dominance of the world. In the 80's a similar echo was heard in reference to the Japanese economy as it had developed from "made in Japan" junk to challenging the world in autos and electronics, with a valuation at one time of the emperor's palace being more than all of California. There were even books about how the Japanese had become so economically masterful that they must have learned something that our esteemed Business schools might want to emulate. Then came the talk of the Asian Tigers and the fear in the West of further dominance by that region. In the last decade, fear of Japan and the Asian Tigers is no more, as they have been hit by inherent flaws in their economic and political structures that were unrecognized at the height of their respective manias.
I wonder what inherent flaws, if any, are present and unseen in China that might ultimately side track the picture of overwhelming economic vibrance and prosperity that is predicted in all quarters and projected in all directions. Thus, is China's economic boom a myth? I still don't know, but, will be looking for facts and signs in the future to answer that question for me.

CT
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