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ISBN-10 013313394XISBN-13 9780133133943
ISBN-10 0133133893ISBN-13 9780133133899
Author(s): Damien Ma; William Adams
Publisher: Pearson FT Press
Copyright year: © 2014 Pages: 352

Within a decade, China will have the world’s largest economy. But that is the least important thing to know about China. In this enlightening book, two of the world’s leading China experts turn the conventional wisdom on its head, showing why China’s economic growth will constrain rather than empower it. Damian Ma and Bill Adams reveal why, even with 35 years of ferocious economic growth, China’s future will be shaped by the same fundamental reality that has shaped China for millennia: scarcity.

Ma and Adams drill deep into Chinese society, illuminating all the scarcities that will limit its power and progress. Beyond scarcities of natural resources and public goods, they illuminate China’s persistent poverties of individual freedoms, cultural appeal, and ideological legitimacy – and the corrosive loss of values and beliefs amongst a growing middle class shackled by a parochial and inflexible political system.

Everyone knows “the 21st century is China’s to lose” – but, as with so many things that “everyone knows,” that’s just wrong. Ma and Adams get beyond cheerleading and fear mongering to tell the complex truth about China. This is a truth you need to hear – whether you’re an investor, business decision-maker, policymaker, or economist.

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