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/
I wrote a piece for Forbes explaining that contrary to what many analysts say, the enormous investments in infrastructure in China will be good for the economy and also visionary on the part of China’s leadership: http://www.forbes.com/sites/annlee/2012/07/22/why-chinas-high-investment-levels-wont-hurt-them/
-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