Is China a Model For Others? Should it be?Friday, November 22, 2013 6:15
An interesting TED presentation from Dambisa Moyo on the fact that more and more developing nations are looking at China as a role model to learn from. One that reflects conversations that have been taking place for a while, she has certainly sharpened the pencil on the fact that the US’s position as a model to the world is waning.
Where the message is interesting is in that it follows the message that Eric Xi has become known for, and sounds good, but one that I am not buying into given (1) this economy has not really been tested. It has not “survived” a true scare, and as such, it’s greatness is far fro proven and (2) looking in APAC region, and even in some areas of Africa, it is clear that China is not the partner that some thought it would be.
That being said, and ignoring all the “messy” bits, China has done a wonderful job at building an economic engine that has brought hundreds of millions above the poverty line, paid for infrastructure, brought in high end R&D investments from some of the world’s leading companies, and created massive amounts of wealth for those who occupy/ access the ecosystems at the top.