Re: China as a high tech source

[Doug Henwood <dhenwood@xxxxxxxxx>]

Michael Perelman wrote:

> Korea, as Alice Amsden tells the story, grew largely by indigenous
> business, which
> was strongly supported by the government.  China seems to be
> following a different,
> more capitalist path, depending more on foreign investment to
> generate development.

Foreign investors complain constantly about how hard it is to do
business in China (if you're doing more than looking for a
subcontractor, that is). There was a long and funny horror story in
the FT a few months ago by an English brewer trying to do a joint
venture there. Because their market and promise are so bright,
foreign investors are willing to put up with it, but the Chinese have
a strong hand. Or so it seems.

Doug