Book description
An in-depth look at the Chinese car industry that sheds new light on
the delicate nature of China's planned economy
China's unprecedented growth over the last three decades, along with
the recent financial crisis in the West, has raised questions about
the superiority of state-led capitalism. In Designated Drivers: How
China Plans to Dominate the Global Auto Industry, G. E.
Anderson, a specialist in finance and Chinese political economics,
uses the auto industry to examine how China's industrial planning
works, and explores whether state involvement in the economy really is
a winning formula for sustainable growth.
Bringing to light the strengths and weaknesses that define the
Chinese economy, Anderson finds that in some ways the government has
become its own worst enemy, unable to choose between industrial
competitiveness and social stability. While the economy is booming
now, evidence suggests that long-term success is far from assured.
Tracing the evolution of the post-Mao auto industry through thirteen
case studies, Designated Drivers raises the difficult questions
about the future of China that few people have dared to ask.
- Offers a unique insight into the Chinese economy through the lens
of the auto industry
- Explores how successful the central government has been in
spurring economic growth and the long-terms costs of intervention
- Uses case studies to illustrate China's explosive growth over the
last three decades
A painstakingly researched analysis of the Chinese automobile
industry, Designated Drivers explains the risks and rewards
inherent in doing business in China that anyone interested in, or
already working there need to understand.
G. E. Anderson is a specialist in finance and Chinese political
economy who has been either living in or frequently traveling to China
for nearly two decades. He recently completed a PhD in political
science at UCLA, where his research focused on industrialplanning,
business-government relations, and corporate governance. Anderson has
worked as a teacher, commercial lending analyst, and CFO of a
nonprofit organization. Prior to attending UCLA, he was finance
director for Charles Schwab's Tokyo-based joint venture. Anderson also
holds a BS in Finance from Louisiana Tech, an MBA from Golden Gate
University, and an MA in Asia-Pacific studies from the University of
San Francisco. He is a contributing writer for Forbes and a
political risk and strategy consultant at his firm, Pacific Rim
Advisors and blogs at ChinaBizGov. Visit his website at www.
DesignatedDrivers. co.
