Monday, October 31, 2005

Two Views on China's Rise: Prestowitz and Fishman

The rise of China as a major global economic and political player is garnering a lot of scholarly and policy attention, especially in the US. Irrespective of whether China is fudging some of its official economic data, China’s growth rates are creating a dynamic that is bound to have long-term implications. Two recent books examine China’s economic rise in detail with a focus on its implications for the West. Both in their distinct ways are sounding a wake-up call to the US to face the reality that it is slowly, but steadily, losing its economic dominance. It remains to be seen if their analyses will stand the test of time.

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