How Big a Competitive Threat Is China, Really?
Harvard Business Review, HBR blog network
February 29, 2012
Commentary by: Michael Beckley, International Security Program fellow
Between 1945 and 1990, Japan went from rags to riches, entering the ranks of the world’s wealthiest countries and posing a direct challenge to U.S. competitiveness. Today, China seems to be replicating Japan’s economic miracle — with a population 10 times as large. Like Japan, China combines statist industrial policies with export-oriented development. And like Japan, China has logged several decades of rapid economic growth.
Thus, the question: Is China becoming a serious economic competitor to the United States? Is China, in effect, a giant Japan?