Word: worlding
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...opening address to the NPC, Premier Wen said that 2010 was going to be a year of unprecedented economic complexity. He certainly got that right. A real estate downturn, perhaps a severe one, will hit China sooner or later. The problem is that if it arrives sooner, the world's fastest-growing economy doesn't have a whole lot to fall back on. Its export markets are still weak and its capacity to increase infrastructure spending again, after the massive increases of the past two years, is limited. With the rest of the world still trying to regain its economic...
...timing that the glowing, indeed craven, China's Megatrends appears just as the world is rethinking China's rise. Google's threat to pull out of China, friction over the Dalai Lama, problematic international access to China's domestic market, the country's flawed regulatory environment, its voracious hunger for resources, its geopolitical maneuvers in Africa and Asia: all have lent urgency to worries about the country's ascendancy. But not for John and Doris Naisbitt. To them, China is an unalloyed success, one whose virtues are too little understood. Take Internet censorship: "Actually, most of the concerns about...
...Megatrends 2000 (1990), Megatrends for Women (1992) and Megatrends Asia (1996). But although almost 30 researchers worked on China's Megatrends, it has all the hallmarks of a glib, bolt-on extension to the juggernaut. It is breathtaking in its simplistic, groveling and ill-informed treatment of the world's next superpower. (See pictures of China mourning the potential loss of Google...
...ideas, "Artistic and Intellectual Ferment" and "Joining the World" are hardly the product of much brainstorming and betray the Naisbitts' tone-deafness. Do we really believe that what the Naisbitts call "Chinese country music" will soon become a "moneymaking machine" simply because one peasant group's original composition, Song of Sanitation Workers got some favorable notice in the provincial press? (See pictures of China...
...Clifford is the co-author of China and the WTO: Changing China, Changing World Trade...