The Re-invention of China's Economy

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The Re-invention of China's Economy
11,795 views•Jun 4, 2010

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The Agenda with Steve Paikin
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Read our blog "The Future of the Free Market" http://bit.ly/aRShwh

Instead of producing cheap goods for foreign companies, can China make the leap and create its own corporate champions?

GUESTS:

Peter Navarro is a Professor of Economics and Public Policy at the University of California, Irvine and author of The Coming China Wars: Where They Will Be Fought and How They Can Be Won.

Ian Bremmer is CEO of Eurasia Group and author of The End of the Free Market: Who Wins the War Between States and Corporations.

Bernie Wolf is a Professor of Economics and International Business at the Schulich School of Business at York University.

Andrea Chun is a lawyer and host of Newsbeat, a Cantonese-language talk show, on Fairchild Radio.
Category
Education
40 Comments
Auggie Giuseppe
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z z
z z
7 years ago
Andrea, you are good! Hat off for you!



cthchester
cthchester
7 years ago
14:45 There are no angels on the globe, there are only devils



redwhitebluedude
redwhitebluedude
8 years ago
@AmersfoortTristan both have disadvantages.



Abhiram K
Abhiram K
6 years ago
Well i suppose india is #1

1


redwhitebluedude
redwhitebluedude
7 years ago
Well if reverse engineering is done within that 17 years that the knowledge gained from it is protected then it would be illegal.



peter Leung
peter Leung
6 years ago
Be a gentleman Dont lost your cool !!!! I dont like that GUY

1


woodensurfer
woodensurfer
7 years ago
You do not need permission to do reverse engineering. 




Fred Hampton's Ghost
Fred Hampton's Ghost
1 month ago
Ian was right about the upcoming US-China trade war.



Hai Bui
Hai Bui
1 year ago
Blame capitalism with SME doesn't working so well comprare to state capitalism state own enteriprise, corportion is more power than SME



nickelback rulez
nickelback rulez
8 years ago
@WavesOfTrolls he draws conclusions like a little kid. like he takes an isolated case like foxconn suicide and thinks every chinese worker is going to commit suicide. he sees 1 firm's shanzhai and thinks every chinese firm is out steal american 'secrets'



klubkid46
klubkid46
7 years ago
it's timing,China was waiting for the perfect time in history to rise to power. The technology now available,there vast wealth,and there HUGE labor force in this place in time are what is making them so powerful. Now they are just stealing the technology,intellectual property,and the public relations battle. Couple this with the economic problems on Europe and America,globalization,and they willingness of the elite,who have no affiliation to any country,to seek cheap labor. 



nickelback rulez
nickelback rulez
8 years ago
@enzhus they like to talk about per capita about income but not anything negative



nickelback rulez
nickelback rulez
8 years ago
peter navarro need to google some productivity charts and learn about how it correlates with employment rate. labor in the us is one of the most productive in the world if not the most productive and the increase in productivity rate more than offsets shrinking demand for low value labor.

also i like how he compares 10% growth in a DEVELOPING COUNTRY to 2% to 4% growth in a HIGHLY DEVELOPED COUNTRY. LOL?



klubkid46
klubkid46
7 years ago
it's so simple,they pay slave wages in that country.........period.....thats it.



Roger Bharath
Roger Bharath
9 years ago
excellent debate.



Radix Malorum
Radix Malorum
7 years ago
This Peter guy has no clue how Capitalism works.  Even if China CEASED TO EXIST tomorrow all the manufacturers will simply move to the next cheapest place to do so.  THEY ARE NOT going to come back to the US. 

There are dozens of other developing countries where it's much cheaper to manufacture at over the US.  Blaming China for unemployment in the US just shows how big an idiot you are.

3


woodensurfer
woodensurfer
7 years ago
Actually, there are two basic ideas behind patents.

First is to protect IP for the duration (17 years previously or currently). Seccond is to facilitate technical progress by disseminating information after that.

Reverse enginnering is legal and expected.



woodensurfer
woodensurfer
7 years ago
What is non-patented IP?

Software and copyright.


The other is trademark.

Most industrious (non-art) designs are not copyright but patents.

You can legally reverse enginnnering nonpatented designs.



Spok Recordings
Spok Recordings
6 years ago
Peter seems to be forgetting that the US took UK jet technology research and designs after the 2nd war on the promise that information would be shared the other way, this was however a promise the american's did not keep... HYPOCRITES!!

1


redwhitebluedude
redwhitebluedude
8 years ago
@FlyingTigersKunming The legal protection is very weak in china. They say they protect and have some of the most stringent laws in the books but they hardly enforce it especially if it is a government owned.

This is a shafting everybody plus the fact that they require is joint ventures and force them to use local chinese suppliers.



Camstars Casting
Camstars Casting
6 years ago
mr. navarro, why don't u turn the clock backward to the 18th century, the brits will love it for sure.

like andrea chun said, no body force anybody in the whole china business

if the wests didn't sell war machinery to the east, probably they r still the colonial masters

if if if, like the chinese said, if there cld be so many if's, there wld be no beggar

china welcomed the wests to invest in china but when chinese came investing in usa, these americans cried wolves!

what ball less eunuchs

1


Naso Bouko
Naso Bouko
1 year ago
First of all don't  trust the numbers published by any country and any continent as primary data is all that counts thus all algorithms will show a total new picture.  China clearly will downfall further both by external and internal resonses if continues that path. Europe is in horrible mess due to internal mistakes and conflicts of interest highly devided and the US is running out of highly costly gimmicks to everyone of old strategic planning that does not work. Sach a Global mess requires a turn asap into new regulation and based on the actual so the economic paradox is no longer the main dish on the international table.