Overview

This book begins with an eye-opening exploration of the rise of China's economy and an assessment of its potential for further rapid growth. The implications of China's new power are nothing short of profound, Reed Hundt contends, and he proceeds to paint a detailed landscape of the new reality confronting American businesses and citizens. For the first time in over one hundred years, Americans face critical challenges to their economy and way of life owing not only to China's impending economic might but also to the drift of U.S. business practices and government regulations over the past decade. Aiming for a respectable defeat in the competition of nations will imperil not only the American Dream of an ever-increasing standard of living but also the American project itself, Hundt warns. Meeting the foreseeable challenges is not a matter of legislative strategy from the political left or right or prescriptive plans for businesses. The best chance for Americans to lead the world in job and wealth creation lies in an expanded and renewed culture of entrepreneurship. Hundt reviews the lessons of the 1990s, when the architectures of law, technology, and leadership produced a robust culture of entrepreneurship, and analyses how entrepreneurship is being undermined today. He challenges Americans to do what they do best - adapt, invent, innovate, take risks - and points the way for us to reinvigorate the entrepreneurial society.

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In China's Shadow offers a powerful explanation as to why neither economic protectionism, nor laissez-faire complacency amounts to an effective American response to China's rising economy. Hundt argues persuasively that an effective strategy will require America to stop treating individualism and solidarity, freedom and equality as inherently incompatible. This book is certain to launch an important national conversation. -Peter M. Shane, author of Democracy Online: The Potential for Political Renewal Through the Internet -- Peter M. Shane

In China's Shadow offers a powerful explanation as to why neither economic protectionism, nor laissez-faire complacency amounts to an effective American response to China's rising economy. Hundt argues persuasively that an effective strategy will require America to stop treating individualism and solidarity, freedom and equality as inherently incompatible. This book is certain to launch an important national conversation. --Peter M. Shane, author of Democracy Online: The Potential for Political Renewal Through the Internet --Peter M. Shane

Author Information

Reed Hundt is senior adviser on information industries to McKinsey & Company, a worldwide management consulting firm in Washington, D.C. He serves on the board of directors at Intel Corporation and other high technology start-ups and is former chairman of the FCC. He is the author of You Say You Want a Revolution, published by Yale University Press.

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