China’s Continued Growth
Published by Bob Foster
I just read an interesting article about China’s economy in a recent issue of Newsweek. It is expected to only grow by about 7% in 2009, while the other Big 5 economies in the world are expected to slow to a near standstill—or worse. Of course, China is only a semi-free economy since the government still exerts a strong and stabilizing hand.
There are several reasons for China’s continued growth presented in the article, but I found one thing especially interesting—most of the government leaders are engineers; they know how to work from a plan.
Could we have too many lawyers in Washington…and not enough engineers?
What do you think?
Comments
3 Responses to “China’s Continued Growth”
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It takes all kinds, Bob. If I’m remembering correctly Tom Peters commented in a post which included the fact that Chinese “engineers” may indeed be dubious in that their degrees are tantamount to trade school credential and would be so ranked here. But I most certainly appreciate your point about broadening the sphere of influence in Washington. There is also belief that the growth that China is experiencing is not as expansive as thought, as transparency is an issue. I also read recently that there are some 26 million migrant workers now out of work. Their growth is obviously slowing down. The financial crisis has affected China too. Thanks for the post.
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Thank you for the comment Judith. Yes, China is feeling the financial crisis as it is world-wide. The interesting think is that China implemented their stimulus plan long before the U.S. even thought about one. As a result, although they will drop from double digit growth, they will likely still grow at high single digit levels. Of course, unemployment will still be an issue, as it is around the world.
Yes, Chinese engineers may not all have the training of U.S. engineers, but the point is, their leaders have a technical background and know how to work from a plan, versus our government which is composed primarily of lawyers. I am a strong proponent of diversity of thinking in government–as well as the need for “new blood,” as you so aptlly posted previously. Thanks for the comment.
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“I am a strong proponent of diversity of thinking in government.”
Absolutely! And, of course, I agree with the need for “new blood.”
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