Washington Post,March 31, 2009 on page C2:
"Postcards from tomorrow square" by James Fallows Vintage 262 pp. $14.95,paperback
"Reviewed by John Pomfret,staff writer of WashPost.
"Veteran journalist and former US News & World Report editor James Fallows moved to China in 2006 fully committed to unpacking the complexity of the most populous nation on Earth. It would be better if Fallows would study Chinese language and culture for better understanding of China from the original sources as etiology.
Underlying Fallows's work in China is a belief that if we don't get China right, we're in for serious problems. The US-China relationship arguably could determine the future of the world. The US and China accounted for more than half the world's economic growth. Cf. previous blogs via Sino-American Economics.
China's model of development poses a challenge to Western liberal democracy. It is in almost constant flux." It is Socio-Economics. In other words,economics is designed to serve the society. Moreover,economics has a bearing with morality and ethics. Adam Smith was a professor of philosophy and an economist as known in the West. Ben Franklin preached his aphorism well.In the East, Confucianism has influened thoughts in the minds and hearts of Chinese leaders and folks for thousands of years. It is high time for scholars to study the thoughts of renowned thinkers of the East and the West since there is One World and One Economy apropos of globalization and One Human Race for homosapiens in the name of humanity.
"China's economic miracle is the achievement of lifting 200 million people out of poverty from the billions aid by the World Bank." Fallows noted. China has had other scientific successes known to the world as empirical evidence.
Fallows has sharp eye and ears to witness the changing China in such a speedy way with amazing moving spirit. China's labor is known with business skills plus industry.
Page A12:Developing nations set to get more say at G-20 notably China to win authority to shape decisions at IMF. China is part and parcel of global financial system as observed by Howard Davies,director of London School of Economics.
Francis Shieh a.k.a. Xie Shihao trying to compare the East and the West since early 1940s with the goal to learn everyday to share my modest analysis for readers of Sino-American economics. March 31, 2009 at 10.26 a.m.