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Breaking the Wall of Efficient Innovation
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Breaking the Wall of Efficient Innovation

What Can Be Learned from China’s Planned Capitalism?

Doug Guthrie
Falling Walls Foundation, 2014
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Editorial Rating

8

Qualities

  • Analytical
  • Innovative
  • Overview

Recommendation

For the economically narrow-minded, the Chinese economy has become synonymous with “deep, cheap labor.” Management professor Doug Guthrie describes how innovative Chinese economic models are breaking through walls of traditional economic theory, spurring China’s economic growth. While always politically neutral, getAbstract recommends Guthrie’s perspective-shifting report to economists, global business executives and anyone interested in sustainable economic innovation.

Take-Aways

  • Unlike China, the United States is oppressed by an ideological adherence to the privatization model for innovation.
  • While many view China as “the factory of the world” and lacking in innovation, over the past several decades, China’s economy has evolved in innovative ways.
  • China’s prowess in renewable energy exemplifies the strength of its preferences for state subsidies versus the United States’ preference for venture capital funding.

About the Speaker

Doug Guthrie is dean of the George Washington University School of Business.

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