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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...

This book is a unique account of the way politics has shaped the information age in America. Reed E. Hundt, chairman from 1993 to 1997 of the Federal Communications Commission, the nation's chief regulatory agency for media and communications industries, tells of the battles for political advantage that lie behind the enormous creation of wealth and social changes that are generally called the "New Economy." The central theme of the narrative is the surprising passage and fascinating implementation of the 1996 Telecommunications Act, which authorized the Federal Communications Commission to...