Ranked #1 in the World
Loading ...
Thunderbird Professor Roe Goddard, Ph.D., sat down this month with Thunderbird student reporter Darien Carroll and discussed China’s emergence from the global financial crisis. Goddard teaches a course on the regional business environment of Asia, and he follows China closely. Overall, he has made 49 trips to the country. His most recent visit was Oct. 19-25 with 23 students in Thunderbird’s On-Demand Global MBA program. Watch highlights of the Goddard interview in the following videos, or listen to a podcast of the entire conversation.
November 18th, 2009 at 3:37 pm
I concur that we should not pat ourselves on the back too soon for avoiding a depression but I am seeing early signs in the US of increased optimism. Sales targets are mostly conservatively higher for 2010 than 2009 and the rate of sales force reductions has pretty much stopped. I hope that sales is an accurate predictor of a return to sufficient economic growth to increase employment. Sales have to be made to reduce inventories and return to manufacturing and supply. I fear that unemployment will last for many more months or a year. Regardless, there is not much spending money in the pockets of US citizens.
With GDP growth last quarter of 8.9%, China is coming out of the crisis strongly. I think we are all asking ourselves how much continued growth comes from the US (consumer), who is not coming back to former excessive spending (eg savings are up substantially). So therefore, where is China fueling its growth engine from short term and long term?