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Limit No. 2: BRICs and the Silent Power of Ideas

Francesca Beausang
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Francesca Beausang: 4CAST

Chapter 5 in Globalization and the BRICs, 2012, pp 138-169 from Palgrave Macmillan

Abstract: Abstract Many of us are old enough to remember America’s ignominious scramble out of Saigon in 1975 and the way Japanese factories drove Western rivals out of business in the 1980s. Even more of us now have the sense that everything we buy is made in China. Yet it is also obvious that in the last hundred years or so Westerners have shipped armies to Asia, not the other way around. East Asian governments have struggled with Western capitalist and Communist theories, but no Western governments have tried to rule on Confucian or Daoist lines. Easterners often communicate across linguistic barriers in English; Europeans rarely do so in Mandarin or Japanese (p. 11 of the Ian Morris theories, Why the West Rules for Now, London, Prfile Books, 2010).

Keywords: Total Factor Produc; Total Factor Produc Growth; Chinese Firm; Creative Destruction; Innovation Capability (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-27160-0_6

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DOI: 10.1057/9781137271600_6

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