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...result of its economic boom, China has amassed a staggering $2 trillion in foreign exchange - the largest reserves in the world - and is beginning to invest significant amounts abroad. Today, 37 Chinese multinational corporations rank among FORTUNE's top 500 global companies, up from just six a decade ago, while 450 out of the FORTUNE 500 American companies have production lines and a business presence in China. China has become the world's largest recipient of foreign direct investment. To fuel its economic boom, China's voracious and insatiable appetite for raw materials has led it to absorb large amounts...
...whole, the Communist Party has proven itself to be remarkably adaptable and open to borrowing elements from different countries and political systems. As a result it is becoming a hybrid party with elements of East Asian neo-authoritarianism, Latin American corporatism and European social democracy all grafted to Confucianist-Leninist roots. The uprising in Tiananmen and across China in 1989 and the subsequent collapse of communist systems in Europe and the Soviet Union were instructive experiences for the CCP. Many lessons were drawn, but the principal one was to remain flexible and adaptable, not dogmatic and rigid. (Read "Beijing Clamps...
...nations. It was excluded from the U.N. It soon became embroiled in the Korean War and the Cold War, which brought further isolation. Despite some marginal trade with Western Europe following the 1954 Geneva Conference on Indochina, China was cut off from international trade, finance and aid. As a result, its economy stagnated...
...result is a volume that assembles the work of visual artists, novelists, as well as traditional scholars. But Sollors emphasized the book is “not an encyclopedia but a provocation...
...should follow “Justice” in being adapted to television or podcast; disseminating knowledge into the public sphere is part of Harvard’s academic responsibility to share information. But such measures should be taken with the understanding that Internet videos or podcasts will never result in the same level of critical thinking as face-to-face discussion and debate. The value of the Harvard experience transcends lectures that can be videotaped and study guides that can be posted online; it is rooted in the dialogues that transpire in sections and study groups...