Harvard Business Review's October issue has a great 30+ page spotilght called China Tomorrow. The first pages are filled with the hard numbers I was looking for, as three weeks ago I found myself unable to explain exactly why and how China was becoming the next world superpower. Everything I'd read and everyone I'd talked to who's been to Shanghai knows- but how do you prove it to someone that watches Sex in the City reruns twice daily? I'm sure she blew my fact-less rantings off as potspeak, but now I'm armed.
China's overall record since reforms began in 1979 is dazzling, and its performance is in many ways improving. Annual real GDP has grown about 9% a year, on average, since 1978- an aggregate increase of some 700%. Foreign trade growth has averaged nearly 15% over the same period, or more than 2,700% in aggregate. Foreign direct investment has flooded into the country, especially through the past decade. In 2002, China became the first country since the 1980s to attract more FDI in a year than the United States (brining in $53.2 billion while $52.7 billion flowed into the States). (emphasis mine) In the first quarter of 2003, a billion dollars a month in foreign capital poured into the Pearl River Delta near Hong Kong, where integrated clusters of suppliers and assemblers are becoming an awesomely efficient manufacturing base for exports of everything from circuit boards to machinery to shoes to tools. Led by businesses there, China has rapidly moved to take its place among the world's largest trading nations.from The Great Transition, by Kenneth Lieberthal and Geoffrey Lieberthal
First-time filmmaker Jamie Johnson, a 23-year-old heir to the Johnson & Johnson pharmaceutical fortune, captures the rituals, worries and social customs of the young Trumps, Vanderbilts, Newhouses and Bloombergs in the documentary special, BORN RICH, a 2003 Sundance Film Festival selection. Offering candid insights into the privileges and burdens of inheriting more money than most people will earn in a lifetime.Good reviews abound. I think I read about this movie on Gawker.
Narrated by Johnson, a history student at New York University, and filmed over a three-year period, BORN RICH spotlights ten young adults who came into the world knowing they would never have to work a day in their lives. These society-column names speak frankly about the one subject they all know is taboo: money.
Zach took a good Where's Waldo picture of me at the football game yesterday. Click below and take a look. Also, observations from the other two: (1) I need a haircut. (2) LUCENTE!
”Gartner estimates that the worldwide BPO market was worth $110 billion in 2002 and will grow to $173 billion in 2007, at a 9.5% compounded annual growth rate. Offshore BPO services -- where work is sent to another country -- will grow from $1.3 billion in 2002 to $24.3 billion in 2007 at an 80% CAGR. Offshore BPO will grow to represent 14% of the total BPO market in 2007.”link and selected quote per tjacobi.com
"Time Warner is increasingly a company built on the economics of selling access to digital media: Whether it's cable television, high-speed Internet, or premium television, the company's most lucrative businesses involve selling subscriptions, not commercials."per anil's daily links