I am honored to be asked to be a contributor to a new electronic newspaper hosted in the UK and partnered with the the London College of Communication, University of the Arts London and other academic institutions. My first piece appears here: http://thebricspost.com/us-china-relations-where-to-from-here/#.UQJ54Ia3unh
Is the Chinese economy faltering? What is going on over there? I provide some insights into the rebalancing act happening in China in my latest Forbes post: http://blogs.forbes.com/annlee/
Rich Lowry, editor of the National Review, wrote a piece in the New York Post today arguing that the Bo Xilai scandal in China proves that the U.S. is superior. He says that “China should learn from us,” implying that there is nothing to learn from China.
The problem with his argument is that he only speaks about the corruption in China while completely ignoring the widespread corruption in the U.S. By painting only a one-sided, incomplete picture, his point is, well, pointless. Let me provide a counterpoint to each one of his points. First, the U.S. Continue reading
Reuters has reported that a bill about to be signed by Obama will allow existing tariffs on imported goods from China to stay in place after they were threatened by a court ruling. At a time when there seems to be little bipartisan support for anything, it is surprising that this piece of legislation enjoys popularity from both sides of the aisle. Certainly, there is a broad perception in the U.S. that China does not play by the rules, that the U.S. engages in free market capitalism while China engages in mercantilism.
Unfortunately, like all disagreements, the truth is not black and white, but shades of gray. Continue reading
The World Bank and China’s Development Research Center released a report calling for China to make a number of economic reforms in order to develop a more sustainable economy. This was widely reported in the New York Times, Washington Post, and Seattle Times. It claims that China cannot sustain growth unless it does a long laundry list of things. Why the Chinese would listen to outgoing World Bank President Robert Zoellick is a bit puzzling since he was part of senior management at Goldman Sachs just prior to joining the World Bank and thus likely has Goldman’s interests, not China’s interests, at heart.
Recommendations they made that I agree with include the following: Continue reading
-This underscores the need to raise global labor standards. The economics of globalization have outpaced social and environmental protections. We have a good system for logistics but not for protecting workers. U.S. should work with ILO to uphold international labor standards everywhere around the world.
-Pushing China to raise labor standards should be a higher priority than Obama’s big to-do with counterfeit goods. Putting pressure on China to raise labor standards would be better for American workers as well.
-Organized campaigns have successfully changed corporate practices, and this could apply in this case. Americans need to organize more campaigns for more corporate responsibility, and Apple is a perfect target for such a campaign. Socially responsible consumers and shareholders need to apply pressure on U.S. corporations to do the right thing.
-The U.S. government shares the blame on this one. Continue reading
Welcome to the official website of the book, What the U.S. Can Learn from China. You can navigate through the site using the menu above to find out when Ann Lee’s next speaking engagements will take place, what she has to say about various issues in the media, and how to book her for future commentary, especially about China, the U.S., and the opportunities for improvement in both nations .
While America is still reeling from the 2008 financial crisis, a high unemployment rate, and a surge in government debt, China’s economy is the second largest in the world and many predict will surpass the U.S. by 2020. President Obama called China’s rise “a Sputnik moment”—will America seize this moment or continue to treat China as its scapegoat?
Many in mainstream media and in the U.S.government regularly target China as a threat. Rather than viewing China’s power, influence, and contributions to the global economy in a negative light, Ann Lee asks: What can America learn from its competition? Why did China suffer so little from the global economic meltdown? What accounts for China’s extraordinary growth, despite one of the highest corporate tax rates in the world? How does the Chinese political system avoid partisan rancor but achieve genuine public accountability? From education to governance to foreign aid, Lee details the policies and practices that have made China a global power and then isolates the ways the U.S. can use China’s enduring principles to foster much-needed change at home. Continue reading