Managing the China Challenge: How to Achieve Corporate Success in the People's Republic
The speed and scope of China’s economic growth is changing the global distribution of power and resources, possibly to the detriment of the major industrial powers. In a new book, Managing the China Challenge: How to Achieve Corporate Success in the People’s Republic (Brookings Press, 2011), Kenneth Lieberthal, senior fellow and director of the John L. Thornton Center at Brookings, illuminates the internal political “deal” between China’s political and economic leaders that makes rapid economic growth possible in ways that increasingly pose problems for the country’s future. Lieberthal also outlines the implications for foreign firms and provides far-reaching recommendations for changes in longstanding corporate strategy to achieve success in China.
On June 22, the John L. Thornton China Center at Brookings hosted the launch of Managing the China Challenge. Brookings Visiting Scholar Jeffrey Bader joined the discussion after Lieberthal’s opening remarks. Kemal Derviş, vice president and director of Global Economy and Development at Brookings, provided introductory remarks and moderated the discussion.
After the program, the speakers took audience questions.
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While there’s some debate about the precise state of North Korea’s missile capabilities, including the new hypersonic missile it claims to have tested, what is clear is that North Korea’s continued advancement of its nuclear and missile programs are exacerbating the security dilemma in the region. Because diplomacy has failed thus far to restrain Pyongyang, Northeast Asian states, especially South Korea and Japan, feel as if they have no other choice but to increase their own military capabilities and joint capabilities with the United States to deter, or in the worst case, preempt, a North Korean attack. Beijing, however, claims these moves shift the military balance in the region in a way that threatens its own security, and that it must continue to advance its own strategic capabilities in response. In sum, North Korea’s ever-advancing missile and nuclear programs are creating major ripple effects on the region.