Home > Uncategorized > The Myth Of China’s Export Economy – Seeking Alpha

The Myth Of China’s Export Economy – Seeking Alpha

September 10, 2012 Leave a comment Go to comments

To many Western observers in the late 1950s, there was something frighteningly superior about the Soviet system of organization. The Soviet economy was an unstoppable force of nature, outclassing the west by every measurement that mattered. When Khrushchev banged his shoe on his desk and shouted “My vas pokhoronim!” (“We will bury you!”) from the U.N. rostrum, he was referring to socio-economic interment, rather than thermonuclear weapons.

Fig. 1: The Red Peril

The West trembled over Asia again twenty years later. This time, the game changer was Japanese management techniques. Most recently, the focal point of Western fear and awe has been China.

Everybody Knows That

China’s rise to invulnerable, Superman-like stature in the eyes of the world is all thanks to its mighty export sector.

via The Myth Of China’s Export Economy – Seeking Alpha.

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