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China: The Race to Market
Book

China: The Race to Market

What China's Transformation Means for Business, Markets and the New World Order

Jonathan Story
FT Prentice Hall, 2003

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Editorial Rating

8

Qualities

  • Innovative
  • Overview
  • Background

Recommendation

Author Jonathan Story has assembled in one relatively short book a dense collection of facts, hypotheses and perspectives on China. Unlike many writers who have fixed ideas about China and use their books to promote their ideas, Story gives full and fair time to competing viewpoints. He is not selling a hypothesis, but exploring possibilities. Readers who prefer easy and definitive answers may feel frustrated, because Story provides only difficult and ambiguous alternatives. Yet his approach is solid, and more accurate than a finite stance could be. The future of anything is uncertain, and China is egregiously inscrutable, so any honest pronouncement on China’s future must acknowledge uncertainty, difficulty and ambiguity. If the book has a demerit, it is that the author sometimes offers interesting, but meandering digressions through the minutiae of Chinese chronology without fully explaining why the details matter. China is perplexing, so getAbstract.com welcomes this compilation of insight - we would have been glad to read even more.

Take-Aways

  • China is at a critical turning point and could go in any of several directions.
  • The direction China goes will depend on complex political and economic uncertainties.
  • China can become a great power, it can disintegrate or it can hover between the two alternatives.

About the Author

Jonathan Story, professor of international political economy at INSEAD in France, is a Shell Fellow in Economic Transformation. He wrote The Frontiers of Fortune: Predicting Capital Prospects and Causalities in the Markets of the Future and created The Story Country political and risk assessment software. He has consulted with international corporations, including IBM, Eastman Kodak, Dresdner Bank, Ericsson and ABB.

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