The World is Flat

Excerpt on China

T.L. Friedman

The Untouchables

• meaning in the book vs. meaning in India?

• How to become one of the untouchables?

T. Friedman at MIT (video)http://18.9.60.136/video/266

• Education and career?

• 9/11, call centres, Bangalore, level playing field?

• Business media mentioned?

• Reference to history?

Word, words, words

• Accession (n.), accede (v.)

• Outsourcing, offshoring, onshoring

• Accounts receivable

• Subsidized energy

• Set up shop, talk shop, shop floor level

• Labour pool

• Trade dispute, international arbitration

• Tax break, tax holiday

Word, words, words

• Incentives

• Floors and ceilings

• Lax labour laws

• LBO

• Expats

• Noncompete clause

• Malpractice suits

Words, words, words, … (1)

• offshoring vs. outsourcing (2)• subsidised energy, to shift production, set up shop,

subject to world trade rules (2,3)• labour pool, a fraction of a price (4)• international arbitration, trade dispute (5)• unskilled, semiskilled, skilled (8)• incentives, tax breaks, subsidies, cheap labour (10)• relocate a factory, lower taxes, land costs, labour costs

(12)• global floor for low wages, lax labour laws and working

practices (14)

Words, words, words, … (2)

• High value-added products (17)• Leveraged buyout, raise $150m (19)• Expats, quotas (21) • Entrepreneuralism restrained by bond or stock

markets (22)• Noncompete clause (23) • Onshoring (26)• Lose-lose proposition (27)• Government-sponsored pension plan, health care,

retirement benefit, malpractice suits (30)

The World is Flat

• China’s accession to the WTO • History of China’s opening • China’s global impact

-general impact -Ch.’s short-term strat.-Ch.’s long-term strat.-Benefits for other countries

• Doing business in China– A Case Study

• Offshoring: Reasons for and mutual benefits

• Conclusion

The World is Flat

• China’s accession to the WTO (1-2)

• History of China’s opening (3-6)

• China’s global impact (8-18)

-general impact (08-10)

-Ch.’s short-term strat. (11-14)

-Ch.’s long-term strat. (15-16)

-Benefits for other countries (17-18) • Doing business in China– A Case Study (19-26)

• Offshoring: Reasons for and mutual benefits (27-32)

• Conclusion (34-37)

The World is Flat

China’s accession to the WTO (1-2)

History of China’s opening (3-6)

...Let me present you a brief overview of China’s opening to the world. We can establish three periods here: firstly, in the 70s, ...

The World is Flat

China’s accession to the WTO (1-2)

History of China’s opening (3-6)

...Let me present a brief overview of China’s opening to the world. We can establish three periods here: firstly, in the 70s, ...

The World is Flat China’s global impact (8-18)

-general impact (08-10)

-Ch.’s short-term strat. (11-14)

-Ch.’s long-term strat. (15-16)

-Benefits for other countries (17-18)

• This leads us to the country’s global impact today. Generally, it could be said that today’s China is a customer, a threat, ...In this respect, two strategies can be established .... At this moment, ....but there is also a long-term view ...

• So far I’ve been describing the seriousness of Ch’s global influence, but we should notice that such trends have also produced benefits for other countries. For example, ...

• However, we should not forget that It is worth niticing

The World is Flat China’s global impact (8-18)

-general impact (08-10)

-Ch.’s short-term strat. (11-14)

-Ch.’s long-term strat. (15-16)

-Benefits for other countries (17-18)

• This leads us to the country’s global impact today. Generally, it could be said that today’s China is a customer, a threat, ... In this respect, two strategies can be established .... At this moment, ....but there is also a long-term view ...

• So far I’ve been describing the seriousness of Ch’s global influence, but we should notice that such trends have also produced benefits for other countries. For example, ...

• However, we should not forget that It is worth niticing

The World is Flat

• Doing business in China– A Case Study (19-26)

• J. P. is a good example of a western businessman doing business in China. When recruiting management staff for his company, J.P. needed to undergo three distinctive phases. At the beginning, ... Later he thought that.., and finally, ....

• Perkowski is also a living proof that onshoring is possible. ...

Conclusion (34-37)

• In conclusion, let us summarise the main points of today’s presentation: we first discussed ... Apparently, what remains to be done in China is ...

The World is Flat

• Doing business in China– A Case Study (19-26)

• J. P. is a good example of a western businessman doing business in China. When recruiting management staff for his company, J.P. needed to undergo three distinctive phases. At the beginning, ... Later he thought that.., and finally, ....

• Perkowski is also a living proof that onshoring is possible. ...

Conclusion (34-37)

• In conclusion, let us summarise the main points of today’s presentation: we first discussed ... ... Apparently, what remains to be done in China is ...

How Flat is the World?

T. Friedman vs. J. Stiglitz

http://video.nytimes.com/video/2006/04/24/opinion/1194817106242/intro-what-is-the-flat-world-.html

Thomas l. Friedman: Teaching for America 20 Nov 2010

http://www.nytimes.com/2010/11/21/opinion/21friedman.html?src=me&ref=general

• “When I came to Washington in 1988, the cold war was ending and

the hot beat was national security and the State Department. If I were a cub reporter today, I’d still want to be covering the epicenter of national security — but that would be the Education Department. President Obama got this one exactly right when he said that whoever “out-educates us today is going to out-compete us tomorrow.” The bad news is that for years now we’ve been getting out-educated. The good news is that cities, states and the federal government are all fighting back. But have no illusions. We’re in a hole. “ ...

• “There are three basic skills that students need if they want to thrive in a knowledge economy: the ability to do critical thinking and problem-solving; the ability to communicate effectively; and the ability to collaborate.”

Thomas l. Friedman: Teaching for America 20 Nov 2010

http://www.nytimes.com/2010/11/21/opinion/21friedman.html?src=me&ref=general

• If you look at the countries leading the pack in the tests that measure these skills (like Finland and Denmark), one thing stands out: they insist that their teachers come from the top one-third of their college graduating classes. As Wagner put it, “They took teaching from an assembly-line job to a knowledge-worker’s job. They have invested massively in how they recruit, train and support teachers, to attract and retain the best.”