Columnist Steve Pearlstein wrote on Washington Post today: “The overwhelming impression after 10 days here is of a country doing a remarkable job providing 50 million new jobs each year, lifting millions out of poverty, building the infrastructure for a modern economy and training an impressive new cadre of professionals.
But in following Japan and Korea, China risks squandering the natural entrepreneurial bent of its people and leaving itself more vulnerable to financial crises while insulating its firms from the market discipline necessary to become truly competitive. ”
The full article is here.
