I’ve visited China over a dozen times in the last decade. And I’ve seen dramatic changes during that time. But nothing compares to what’s happened in the last 18 months. The China of today is a very different place. At the rate changes are occurring, it will be very different another year from now.
The question is: How is the rest of the world going to adapt? Is it going to be able to grow along with China, or will it be left behind? This applies not just to the United States but to any country trying to stay ahead in the 21st century. Here are some considerations.
Laying the groundwork
The first time I was in China, large multinational corporations were the dominant force in China’s economy and job market. Being part of one of these companies was the best job you could have. It meant prestige, good pay, security, and it was the goal for China’s brightest university students.
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