"Where were the guys at Mattel?" - Bill Fischer

Bill Fischer

Blaming China for anything that goes wrong has become fashionable, writes IMD-professor and Chinabiz Speaker Bill Fischer in his latest column for Chinabiz.

... where were the guys at Mattel or the dog food companies when these products were being accepted for sales in foreign markets? Were they asleep? Are they not getting paid for doing a job that they didn't do? If you want to outsource anywhere, you need to be vigilant in ways and places that you didn't have to be before. And, if you can't do that, then it's not China's fault, it's yours!

Taking apart Thurow's nonsense

Bill Fischer

Sometimes you are looking at a piece, and have to read it again because you cannot believe what it says. That happened to me when MIT professor Lester Thurow tried to explain why he thinks China's economic growth is six percent at most and possibly lower in the New York Times.
Fortunately, IMD professor Bill Fischer, and a speaker at Chinabiz Speakers, found the time to explain at his weblog why Thurow is thoroughly wrong.

Professor Thurow, you’ve missed the entire point! Over the past thirty years, China has moved roughly 20% of the world’s population from the 19th century to at least the late 20th; and in some places the 21st. Chinese people are better fed, better read, and better off than possibly at any point in the 7000+ years of Chinese civilization. Chinese workers take holidays! Chinese basketball players play in the NBA. Chinese peasants take foreign tours! A Chinese automobile manufacturer has reached 1 million units, while a Chinese computer company now bears the “think-pad” brand. Chinese cosomonauts are planning to walk on the moon. Chinese movies are in our theatres. And, China is no longer irrelevant to the global economy, as it was just three decades ago.