For more than a decade, China has been shocking the West. Althoughit is still poor and officially Communist, the world's mostpopulous country has turned old convictions on their heads,emerging from decades of isolation to become a hive of high-techmanufacturing, a major diplomatic and military power, and oneof the world's largest holders of U.S. securities. The subtitleof a recent book described the China phenomenon most succinctlywhen it promised, breathlessly, to explain "how the rise ofthe next superpower challenges America and the world."1
Dr. Murray is an associate professor of management at the Sloan School of Management, Massachusetts Institute of Technology, Cambridge, MA. Dr. Spar is a professor of business administration at Harvard Business School, Boston.
An interview with Dr. Spar can be heard at www.nejm.org.
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