Globalization brings far more benefits to the U.S. economy than it takes away. In a timely response to books that fuel anxiety over globalization, William Gamble shows that both Europe and emerging economic powers like China and India have serious long-terms problems linked to their cultures, political structures, occasional instability, and state ownership of companies. These and other factors will eventually put a brake on the economic growth and manufacturing output of the Old World and hot emerging economies. As Gamble proves, American institutions, while imperfect, are stable,...

There is a dearth of accurate information and analysis on China's economic/business infrastructure available to the investment community. Using cases from the Asian press and elsewhere, Gamble shows, in no uncertain terms, the challenges of doing business in China, from real estate to joint ventures and beyond. This book is vital reading for business executives, investors, and anyone concerned with China's business and economic environment.

It is possible to read the pertinent law in China--translations of statutes are available--yet determining exactly how the legal infrastructure...