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Long-time Asia scholar and economist Eamonn Fingleton sounds an alarming wake-up call to those who dream that China will embrace the American values of free-market capitalism. With cool precision, Fingleton reveals that, despite the appealing “World Is Flat” promises of Thomas Friedman and other boosters, China will remain protectionist and will not turn democratic. Fingleton prescribes practical remedies – such as taking China policy back from Beijing sponsored lobbyists – to help the U.S. extricate itself from the jaws of the dragon. “In the Jaws of the Dragon” is a fascinating and alarming book.
Author Biography
Eamonn Fingleton, a prescient former editor for Forbes and the Financial Times, has been monitoring East Asian economics since he met supreme leader Deng Xiaoping in 1986 as a member of a top U.S. financial delegation. The following year he predicted the Tokyo banking crash and went on in Blindside, a controversial 1995 analysis that was praised by J. K. Galbraith and Bill Clinton, to show that a heedless America was fast losing its formerly vaunted dominance in advanced manufacturing to Japan. His book In Praise of Hard Industries: Why Manufacturing, Not the Information Economy, Is the Key to Future Prosperity brilliantly anticipated the Internet stock crash of 2000. His books have been read into the U.S. Senate record and named among the ten best business books of the year by Business Week
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