imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Calendar Publish RSS
latest news
best of news




A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List


IMC Network:

Original Cities africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech

Surviving Cities africa: canada: quebec east asia: japan europe: athens barcelona belgium bristol brussels cyprus germany grenoble ireland istanbul lille linksunten nantes netherlands norway portugal united kingdom latin america: argentina cmi brasil rosario oceania: aotearoa united states: austin big muddy binghamton boston chicago columbus la michigan nyc portland rochester saint louis san diego san francisco bay area santa cruz, ca tennessee urbana-champaign worcester west asia: palestine process: fbi/legal updates process & imc docs projects: radio satellite tv
printable version - js reader version - view hidden posts - tags and related articles

Zhibin Gu: China, India, new world map vs global financial crisis

by globalization, politics, management forum Saturday, Jun. 06, 2009 at 2:11 PM

Is global financial crisis reshaping world leadership and lifestyle? Are surging China and India to bring new world leaders in finance, banking, politics, and management? Which nation to lead 21st century, India, China, US, or Europe? Is a trade war coming? Get timely information and analysis from a timely book guide.

Get inside knowledge and analysis from finance and management guide book: China’s Global Reach

Borderless Business, National Competition, Politics, and Globalization (book excerpts)

by George Zhibin Gu


China, United States and Global Development

by Andre Gunder Frank

Part V

Globalization in Light of History


(1). For ages, East and West have moved on independent orbits. The divergence widened even more when Europe expanded globally starting some 600 years ago. Outward expansion and exploitation was the passion of the day. Along the way, the Industrial Revolution took place. This has offered vast advantages to the West, which quickly altered global map in all sorts of ways. The vast advantages in the traditional farming societies like China and India were gone. Consequently, China and India, among other developing nations, tried hard to close their doors as a way to fend off the Western expansionist power.

(2). But as time went by, the waves of industrialization and development reached Asia. It started with the smaller Asian nations and regions like Singapore, South Korea, Hong Kong, Taiwan, Japan, and Malaysia. Among them, Japan’s influence was the biggest. This group of new players altered the global economic map significantly. However, Japan’s retreat since 1991 has opened doors wide for Western Inc. to tap into Asia in big ways.

(3). Today, one most significant change is happening with China and India. Their full embracing of globalization is bound to create vast effects. Though both nations started this new growth at an extremely low level, their speed and scale is unprecedented. Also unprecedented are the new opportunities rising from these frontier markets.

(4). Like never before, all developing nations are in a hurry in participating in the world development as now. The sudden surge of so many late developers has created vast new opportunities for the world. Now wealth creation is truly a global affair. No nation can truly refuse to take a part in this new movement without producing a mess for itself. More significantly, the entire world is moving toward the same development orbit for the very first time in man’s history.

At the same time, sharing and collaboration as well as competition and learning have rapidly become a new norm for global life. This trend will only strengthen as benefits go to all participating parties. Hence, the world enters a new era, the era of great emergence of global civilizations. Though still at the very beginning, its development can hardly be reversed despite all the worries and conflicts.

(5). But challenges are plentiful as well. The old world order is centered on the developed West, which can no longer fare well with the changing realities. Hence, there is an urgent need to create a new mindset. But reaching the stage is easier said than done; and

(6). For China’s sustained growth, there is an urgent need to walk out the old bureaucratic framework. China’s new socioeconomic forces as well its ever-increasing openness promote fundamental changes. At this time, opportunities and challenges are equally great.




Three New Lessons

Growing Up in China

Going International

Returning Home

This Small Book

The Big Picture


Part I China as a New Global Theater

1. Ambitions of Foreign Multinationals in China

Today’s Versions of Columbus and Magellan

International Rush

Why Are They Here?

Why China?

One Big Factory-Market

More Sectors, More Players

2. The Business of China Is Business!

“Empty Talk Destroys Prosperity!”

Foreign Bankers

Spouses and Children


3. Creation of a Global Manufacturing Center

Unexpected Contributors

Arrival of Indian Companies

A Crowded Market

Galanz: the Manufacturer of the World

Convenient Settings

Future Trends

4. The Ultimate Driving Force: Explosive Consumption

Unexpected Development

Impressive Outcome

Continued Consumption Surge

5. Sharp Rise of Private Sector

One U.S. Banker’s Discovery

40 Million New Businesspeople

Rural and Urban Entrepreneurs

Buttons Create a New Industrial Town

Jinjiang, Fujian: Biggest Exporting Center for Sport Shoes

Low-End Players

6. All Players Are Important

Competing International Players

Auto Market

International Banks

International Listings

Consumer Views

Part II Global Interactions, Business Dealings, and Job Transfers

7. Learning - A Big Industry

Demand for Education

A Top School

International Involvement

8. The Officials’ Global Reach

Officials Lead the Way

Guangdong versus Inland

Abolishing Bureaucratic Tricks

International First

New York versus Beijing

9. “Capital Is Not Enough”

No Shortcuts

Two Lessons to Remember

Volkswagen versus Beijing Jeep

“Capital Is Not Enough”

Ericsson’s Seven Mistakes

Bashing Carrefour

10. Global Job Transfers

One International Question

Hiring by Foreign Multinationals

New Era of Global Job Transfers

Job Worries around the World

Hiring by Chinese Players

Global Job Transfers: China versus India

Part III China’s New International Experiences

11. Price, Price, Price

A Chinese Edge

GE in China

Japan’s Global Efforts

Cisco versus Huawei

Microsoft in China

Global Price Reductions

12. When Can Chinese Companies Become Global?

Weakness at Home

Foreign Observations

Low Benefits for China

State Banks: “The Troublemakers”

A Long Way to Go

13. Chinese Multinationals

Some Sizable Chinese Companies

Buying Into International Markets

Overseas Operations

Creating More Partnerships

14. Bringing Foreigners In

Trade Fairs

Industrial Parks

Foreign Acquisitions

Part IV China’s Reform at Home: The Unfinished Task

15. Problems Outpacing Solutions

The Ownership Issue

State Assets and Death on the Nile

“Two Pockets of the Same Jacket”

Lack of Weapons and True Owners

16. How Can a Man Still Wear Baby Clothes?

Credit Crisis and Banking Problems

The Richest Man in Shanghai

Corruptive Partnerships

17. Crises of State Sector

Rapid Changes in the Managerial Class

Hiring Foreign Managers

Long Live Competition!

Reform Difficulties

Painful Layoffs

Government Trimming

18. When Can China Achieve Meaningful Restructuring?

A Saturated Market

Difficulties for a Rational Order

The CEO in China and Elsewhere

Who Is Responsible for Wealth Creation?

Buying Parties Ready?

Need for Greater Determination

19. Employment Traps

Resident Permits

Lives of the Migrants

Employment Difficulties for Other Groups

Death of a College Graduate

20. Bureaucratic Tails

Tails Everywhere

Lucky International Players

“The Red Building”

Part V Globalization in Light of History

21. An Unbroken Circle?

The British Isles as a Global Center

China’s Missed Opportunities

The U.S. Way: Dumping Losers

Expansion and Wealth Creation, Past and Present

22. Universal Companies and Global Expansion

Bigger and Bigger Multinationals

First Strategy: A Strong Home Base

Second Strategy: Creating a New Form of Dominance

Third Strategy: A True Global Reach

China’s Participation in the World Economy

23. More on the Circle

Who Has Affected Globalization the Most?

First Factor: Japan’s Global Reach and Retreat

What Is Going On in Tokyo?

South Korea: Glories and Bubbles

Second Factor: Asia’s Financial Crisis

Third Factor: The World Trade Organization

Unexpected Developments

Global Development Orbit

24. How Does China Achieve Sustained Growth?

A Great Paradox

Effective Government, Different Role

The Big Picture

A New Model

Getting Out of the Box

A New World Order

Afterword: China, United States and Global Development

by Andre Gunder Frank



George Zhibin Gu is a journalist/consultant based in Guangdong, China. A native of Xian, he obtained education at Nanjing University in China and Vanderbilt University and the University of Michigan in the United States. He holds two MS degrees and a Ph.D. from the University of Michigan.

For the past two decades, he has been an investment banker and business consultant with a focus on China. His work focuses on helping international businesses to invest in China and the Chinese companies to expand overseas. He has worked for Prudential Securities, Lazard, and State Street Bank, among others. He generally covers mergers and acquisitions, joint ventures, venture capital, business expansion, and restructuring.

Also, he is a journalist focusing on China in relation to global development. His articles or columns have appeared in Asia Times, Beijing Review, The Seoul Times, Financial Sense, Gurus Online, Money Week, Online Opinion, Asia Venture Capital Journal, and Sinomania, among others.

He is the author of three additional books, China Beyond Deng: Reforms in the PRC (McFarland, 1991),

China and New World Order: How Entrepreneurship, Globalization, and Borderless Business Reshape China and World (Fultus, 2006), and Made in China: Players and Challengers in the 21st Century (English edition forthcoming; Portuguese edition, Centro Atlantico, 2005). He is a member of World Association of International Studies hosted by Stanford University.

Report this post as:

Local News

Change Links 2018 July posted J09 1:27PM

More Pix: "Families Belong Together," Pasadena J02 12:16PM

"Families Belong Together" March, Pasadena J02 12:08PM

Short Report on the Families Belong Together Protest in Los Angeles J30 4:26PM

Summer 2018 National Immigrant Solidarity Network News Alert! J10 11:58PM

Watch the Debate: Excluded Candidates for Governor of California M30 10:20PM

Change Links June 2018 posted M28 12:41AM

The Montrose Peace Vigil at 12 Years M22 1:01PM

Unity Archive Project M21 2:42AM

Dianne Feinstein's Promotion of War, Secret Animal Abuse, Military Profiteering, Censorshi M17 3:22PM

CA Senate Bill 1303 would require an independent coroner rather than being part of police M10 2:08PM

Three years after OC snitch scandal, no charges filed against sheriffs deputies M10 1:57PM

California police agencies violate Brown Act (open meetings) M02 1:31PM

Insane Company Wants To Send Nuke Plant Waste To New Mexico A29 4:47PM

Change Links May 2018 A27 1:40AM

Worker-Owned Car Wash on Vermont Closed A26 10:37PM


lausd whistle blower A10 11:58PM

Website Upgrade A10 3:02AM

Help KCET and UCLA identify 60s-70s Chicano images A04 1:02PM

UCLA Luskin: Casting Youth Justice in a Different Light A02 11:58AM

Change Links April 2018 A01 11:27AM

Nuclear Shutdown News March 2018 M31 6:57PM

Join The Protest Rally in Glendale on April 10, 2018! M29 7:00PM

Spring 2018 National Immigrant Solidarity Network News Alert! M19 2:02PM

Anti-Eviction Mapping Project Shows Shocking Eviction Trends in L.A. M16 5:40PM

Steve Mnuchin video at UCLA released M15 12:34AM

Actress and Philanthropist Tanna Frederick Hosts Project Save Our Surf Beach Clean Ups M06 12:10PM

More Local News...

Other/Breaking News

14 Disturbing Facts About Scott Gottlieb, Trump's FDA Head J20 10:47PM

Behind the scenes at fbi National Academy J20 2:47PM

Treasury Takes Aim at Shell Companies J20 11:18AM

Paraphysique de l'intelligence J20 9:08AM

Oklahoma GOP Senator Jim Inhofe's Bloody Record J20 4:01AM

Globalization: hope on the horizon despite Fake Liberals. J20 3:41AM

Sorry President Trump,Ted Cruz Texas Judicial System,is Worse Than Many Shithole Countries J19 4:49PM

The Shortwave Report 07/20/18 Listen Globally! J19 4:33PM

The System Question as a Survival Question J18 8:54PM

Nation's Largest Voting Machine Co., ESS, Admits Lying Re Having Installed Remote Control J18 11:55AM

Du pain et des jeux J18 9:53AM

Paraphysique de martyrologie J17 8:00AM

Children Incorporated Earns 4-Star Rating on Charity Navigator J16 11:24AM

Democratic Socialists of America J14 4:57PM

Leonard Peltier Non Violent Native American Political Prisoner since 1970's J14 4:18PM

Paraphysique miscellanées de l'aggiornamento J14 12:54AM

FBI Investigated LA County Sheriff Baca,Why Not Hank Skinner's Persecution? J13 3:52PM

Updated Partial List Of Famous Vegetarians, Vegans, & Fruitarians J13 2:59PM

The Shortwave Report 07136/18 Listen Globally! J12 4:36PM

Social Policy as Social Infrastructure J12 3:38AM

Vol I: 84 Varieties Of GOP Election Fraud J12 1:50AM

Texas Can Call it An Execution,But It is A State Sponsored Murder of Hank Skinner.. J11 6:48PM

June 2018 Honduras coup update J11 3:35PM

Maria Estrada doubles down on racist support J11 1:40PM

New York Women in Film & Television Announces 2018 NYWIFT Ha Phuong Scholarship Recipients J11 10:14AM

Trapps de la domination, trapps de l'aliénation J11 1:31AM

Please Work For The Defeat Of Brett Kavanaugh And Why J09 8:54PM

Transinhumanisme ( transe inhumanisme ) J09 12:44PM

More Breaking News...
© 2000-2018 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy