In China's Shadow The Crisis of American Entrepreneurship Reed Hundt

The Future of American Democracy Series
Publication date:
20 Nov 2007
208 pages: 229 x 149 x 12mm
black & white illustrations

This book begins with an eye-opening exploration of the rise of China's economy and an assessment of its potential for further rapid growth. The implications of China's new power are nothing short of profound, Reed Hundt contends. In China's Shadow proceeds to paint a detailed landscape of the new reality confronting American businesses and citizens. For the first time in over one hundred years, Americans face critical challenges to their economy and way of life owing not only to China's impending economic might but also to the drift of U.S. business practices and government regulations over the past decade. Aiming for a respectable defeat in the competition of nations will imperil not only the American Dream of an ever-increasing standard of living but also the American project itself, Hundt warns. Meeting the foreseeable challenges is not a matter of legislative strategy from the political left or right or prescriptive plans for businesses. The best chance for Americans to lead the world in job and wealth creation lies in an expanded and renewed culture of entrepreneurship. Hundt reviews the lessons of the 1990s, when the architectures of law, technology, and leadership produced a robust culture of entrepreneurship, and analyzes how entrepreneurship is being undermined today. He challenges Americans to do what they do best-adapt, invent, innovate, take risks-and points the way for a reinvigorated entrepreneurial society.

The former chairman of the FCC, Reed Hundt is senior adviser on information industries to McKinsey & Company, a worldwide management consulting firm in Washington, D.C.

"'As FCC Chairman during the Clinton-Gore Administration, Reed Hundt sat in the catbird seat of the great technological and economic boom of the 90's. With his background in government and business, I'm not surprised that he has provided an important, insightful, and brilliantly written diagnosis and prescription of how Americans must respond to global competition. This book is essential reading for anyone who wants to understand the 21st Century.' Former Vice President Al Gore"