Yet, there are experts who question China’s stats (http://blogs.reuters.com/india-expertzone/2012/01/17/chinas-economic-data-still-not-credible/).
What are about China’s people and the standard of living versus American’s quality of life?
According to the article you posted China is producing absurd numbers. This may very well be true but it is important to know that statistics can vary. China may not be using what we would call a correct sample size. They may not even be reporting exact numbers. Just from the outside looking in something positive is happening within China. Look at the number of cell phone users in China, 900 million mobile phone users (China approaches 900, 2011). If China’s economy wasn’t growing, reducing the gap of inequality in social classes, and producing jobs for their population this number would not be growing. I’ll admit China has its problems but China is invested wisely in the US debt, building infrastructure, and increasing the standard of living for its people.
China approaches 900 million mobile phone users. (2011, April 25). Retrieved from http://www.pcworld.com/businesscenter/article/226159/china_approaches_900_million_mobile_phone_users.html
Points well stated!
After reading the textbook for this course, “Essentials of Strategic Management: The Quest for Competitive Advantage,” I begin to wonder to what degree of business strategy and management study towards competitive sustainability is being utilized in the creation of legislature and programs to turn the American economy around. The economy has improved, economists say, however it seems that the big issue today is getting American workers back to work. The unemployment rate has remained stubbornly high since the depression (Unemployment, 2012) and It has been difficult for many citizens to remain employed or find new employment because they do not have a sustainable competitive advantage in their own work skills. For example, older employees out of the job force face the challenge and learning curve of updating their technical knowledge base to be current with newer technologies. As our leaders continue to find solutions and innovations to improve the US economic situation, employees are also forced to keep up so they are not left behind.
Unemployment claims tick up again
(2012, January 12.) Retrieved from
Unemployment – Where does your state rank? CNN Money
Excellent! How do you think business strategies play in ‘getting people back to work?’
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Thanks for your feedback. You asked about my sources. Please see below.
Hope to see more of your insight to our discussion.
Dr. Daryl Green
Anatomy of a Trend by Henrik Vejlgaard
“Minimum wage could rise this year” by Paul Davidson
New Guide to Financial Independence by Charles Schwab
“Report: Europe needs $1.3 T bailout fund” by USA Today
A simple definition of sustainability is the capacity to endure (Sustainability, 2010). That is a very simple but true definition. If you put the above definition with the way that our federal government runs and operates it is easy to determine that our society, government, and country cannot endure without monumental changes. Government must be looked at with a business mindset. Businesses cannot spend more than they bring in because of consequences they will endure. The same goes for the government. Our country is dependent on the Chinese to lend us money to help pay for our financial irresponsibility. At some point China will say no and then change will happen drastically. Our government and way of life is not built for drastic change and would be very difficult for today’s society to endure and adjust. American society, and the federal government, is a very large consumption machine. Without finding a way to renew the products and services that Americans are consuming there is no chance for sustainability. The federal government must take a hard look at its fiscal policies, foreign policy, and entitlements and corral the uncontrollable debt that the United States has accumulated in order to sustain.
Sustainability: Can our society endure?. (2010). Retrieved from http://www.sustainability.com/sustainability