Book Description
Public Finance made simple to understand! PUBLIC FINANCE: A CONTEMPORARY APPLICATION OF THEORY TO POLICY WITH ECONOMIC APPLICATIONS uses the latest and clearest examples along with proven teaching techniques to help you master the material and prepare for tests. And with this Finance textbook's Internet resources, it's easier than ever to get the grade you need.
Book Description
Within 20 years -- possibly far sooner -- China will have the world's largest economy. That will powerfully impact you: your job, your company, your economic future, and your country. In The Chinese Century, Oded Shenkar shows how China is restoring its imperial glory by infusing modern technology and market economics into a non-democratic system controlled by the Communist party and bureaucracy.
Shenkar shows why China's accelerating growth differs radically from predecessors such as Japan, India, and Mexico -- and how it will lead to a radical restructuring of the global business system. Discover why the U.S. is most vulnerable to China's ascent... how China's disregard for intellectual property creates sustainable competitive advantage... and how China's growth impacts every global business and consumer.
Above all, Shenkar shows what you must do to survive and prosper in "the Chinese Century."
· Cheap labor + millions of high-skilled professionals
· How China will sustain dominance in low-tech industries as it enters high-tech realms
· Building tomorrow's Toyotas and Sonys... faster and cheaper
· Chinese multinationals: learning from joint ventures, preparing to lead
· Leveraging Hong Kong, Taiwan, Singapore, and the "Chinese diaspora"
· Bringing together the world's most powerful pool of human resources
· $2 Rolexes, and beyond
· Piracy, counterfeiting, bootlegging, and stolen intellectual property
· From economics to geopolitics: counterbalancing America
· Previewing China's increasingly assertive foreign policy
Customer Reviews:
Disappointing overall.......2007-07-05
It is rarely that I have written less than a glowing review of any book dealing with the topics of globalization, outsourcing and the ilk. As someone who is intrigued by these issues, I have found all of my reads thus far to be riveting and educative. I wish I could I say the same about Oded Shenkar's book "The Chinese Century." I am afraid that was not the case.
The book suffers from some clear flaws. First and foremost is the fact that it focuses solely on one facet of the Chinese growth story, viz. exports and imports, and that too from a largely US-centric world view. For someone who is interested in understanding the different facets of the Chinese story and its geopolitical ramifications (as can be seen today in China's relations with Sudan, Iran, and Venezuela among others), this book clearly falls short.
Second, the tone adopted by the author is one of unbridled optimism regarding China's growth prospects. I, for one, do not necessarily share the same world view. No nation has been able to eat its cake and have it too. If you want to be a modern nation enjoying all the economic benefits that come out of a free market system, you also need to be a democracy that is built on the separation of powers between the executive and the judiciary, a free media and a vibrant middle class that is not afraid to speak up its mind. I am not sure China will be able to escape that painful transition at some point of time. The question is not "If", it is a question of "When". I would have therefore liked to see the author explain how China can make the transition from a communist nation ruled by a narrow clique to a modern nation without a democratic change thrown somewhere in between. I am afraid that he did not.
Finally to round off, I would also like to point out that the book suffers from typographical errors that are clearly unacceptable in a book published from Wharton School Publishing. Two examples, both from the same page (pg. 85 of the paper back edition) for the skeptics who need proof. "Finally, there is the potential liability and litigation cost when a safety-related product such as a break pad fails, and the legitimate manufacturer is implicated." Or, "The direct losses of U.S. IPR owners in copyrighted industries (such as movies) alone in China have been estimated at more than $1.8 annually." The proof reader probably needs to be told that it is not "break pads" but "brake pads" and that the losses to IPR owners are closer to $1.8 billion than $1.8!
Overall I am happy that the book finished at 187 pages. It's a disappointment though that not much of substance was said in those 187 pages.
Important Information!.......2006-12-31
"The Chinese Century" reminds us that our trade deficit with China is rapidly growing (up 20%/year from '01-'03), and also tells us that its composition is changing - the four highest categories in '03 were all technologically related (misc. manufactured articles, office machines and ADP equipment, telecommunications and sound-recording equipment, and electrical machinery). (Apparel/clothing and footwear were in 5th and 6th place, down from 2nd and 3rd in '99.)
Shenkar also imforms us that the Chinese are working to continue "moving up the food chain" via increasing the rate that overseas Chinese students return to China, increasing R&D spending within its organizations, and forcing overseas partners to provide valuable trade secrets. The percentage of American white-collar associated jobs lost in manufacturing has gone from 30% ('79-'89) to 35% ('90-'99), and is likely to increase further, shaking belief in the theorized overall benefit of job migration to more complex work, and the belief that education is good insurance against unemployment. (The unemployment rate for electrical engineers now is greater than the unemployment rate in general.)
China is often pilloried for violating intellectual property rights; Americans, however, should remember that the U.S. was also a major violator in the 19th century, and remained so until it emerged as a major producer of copyrighted/patented knowledge. Presumably China will follow a similar path. China is also attacked for not adjusting its exchange rate vs. the dollar - however, since its productivity-adjusted costs are about 12% that in the U.S., currency adjustment would not begin to solve the U.S.-China trade deficit. In addition, Americans need to remember that China needs to create 15 million new jobs/year to handle population growth, plus additional jobs to cover those lost due to closing ineffective government enterprises and rural residents wanting to move to its cities.
The book's avowed purpose is not on how to stop the tide of Chinese imports, but how to remain competitive. Unfortunately, its recommendations (more education) fall far short of what would be required, and are contradicted by its own material.
Yes, China is rising, BUT what must we do to survive and prosper in "the Chinese Century"?.......2006-11-05
It is obvious that China is rising and is impacting the rest of the world in an increasingly big way.
The value of The Chinese Century by Professor Oded Shenkar lies in its concise and vivid summary of China's rise and impact. As such, the author has achieved one of his goals he set out to achieve by writing this book.
However, the author clearly has not delivered what he promises to deliver in the Synopsis: "Above all, Shenkar shows what you must do to survive and prosper in "the Chinese Century"."
Indeed, as a business person, you might get even more dazzled after reading this book simply because this book gives you an academic snapshot of the China business scene (although with some vivid examples) rather than insights into and wisdom about what to do in order to succeed.
To know the latter, you have to read Dr Wei Wang's The China Executive: Marrying Western and Chinese Strengths to Generate Profitability from Your Investment in China.
Highly practical, The China Executive brings to light the highest essence of any business in the age of globalisation. It is also characterised by integration: integration of theory and practice, integration of analysis and intuition - integration, in other words, of all major concepts and ideas related to business. These include history, soceity, politics, economics and culture; management and leadership; operation, personnel, finance and marketing; organisation, market, industry and strategy; and human being, philosophy and humour.
In short, if you, as a business person, want to know what to do (as well as how to think) in "the Chinese Century", buy and read The China Executive.
Current and Comprehensive.......2006-10-15
Author Oded Shenkar provides up-to-date information, specific
details, and perspectives about the current and future ascension of
China. It is and will affect us locally and globally. This book
focuses on generalities and will be helpful to those who plan on
doing business in China or want to learn more about the "macro"
affects of the PRC's growing influence. Perhaps too obvious to state
(again) is China's coming economic, political, and military role in
our world. By now, this concept is cliche. Yet the question is
relevant, and now, moreso than ever before. The "Chinese Century"
largely focuses on the next 100 years. Surpassing the U.S.
economically, is predicted to happen within the next twenty years.
Many American companies have been complacent and industry leaders
were caught of guard by China's massive growth. Lackadaisical?
fixed, mind-sets? Competitors in neighboring countries (e.g. Korea)
started losing out to China in the 1990s.
Some of the common questions and discussions that Shenkar addresses
are: "How will China's economic ascension will affect its region and
the entire world?" "How will it impact and transform the U.S.
economy?" "How will it change you?" The author notes the transition
of the American economy to a service-sector economy.
Domestically, the more challenging aspects for the CPC and Chinese
society are how to lessen and/or resolve the Income Gap between
Eastern cities and rural areas (and within these cities themselves).
Those in the eastern China are living in a radically different world
than those inland. Both of these groups are aware of the differences
between them as status symbols, faster-paced life, and incessant
conspicuous consumption propel attitudes, the economy, and egos.
There is quantifiable alienation between the "have-nots," who
outnumber the "haves" by hundreds of millions. Confrontations over
water and land-use, and eminent domain, are frequently reported.
Stealing Intellectual Property:
The Chinese can produce - but they cannot create. "Creativity" and
"ingenuity" are the new buzzwords of the government. Creativity may
or may not happen. If it is ever achieved to some degree, it will
take time (generations) and will require changes to the cultural
mindset and education system.
Implementing Foreign Policy Interests:
The U.S. acts upon its own self-centered interests like many dominant
nation-states. America's economic might promotes its diplomatic and
trade interests in the international world. Often these strengths
reinforce and complement one another when pressuring countries to "go
along" with the current administration in Washington, regardless of
who is in power.
The Chinese may do this too, if they choose to "go international."
I believe Chinese foreign policy will become more direct and
unilateral.
Economic might brings diplomatic, political, and potential military
might (if China continues its high military spending). Westerners
should realize that there's no motivation nor reason for the Chinese
people to want the values and beliefs of liberal democracies of the
West. To think they would, is culturally-centric arrogance.
Corruption:
Corruption exists in many countries of the world. In China it's an
epidemic from the bottom ranks to the highest levels of society. It
has to be dealt with. Even reducing it may take more than one or two
generations. Morality is also an issue. Hu Jintao recently outlined
the "8 honors and 8 shames" in 2004. Meant for the Chinese people,
but specifically geared towards party members. It's a general and
idealistic message. Will it be followed? This reinforces the fact
that rampant corruption, greed, and selfishness is a primary obstacle
to economic and political stability. Throughout East Asia
competition outweighs cooperation in business and social
interactions.
What will China be like when it has the economic power to promote its
interests?
The Chinese understand and realize they are "producers." They are
not "creators." They're not "individuals." However - if - they ever
become creative, adaptable, and individualistic, beware.
Incidentally, anyone who thinks that a market-based economy promotes
or is conducive to forms of "democratic representation" is completely
misinformed. The pairing of these two is the exception, not the
rule.
The U.S. derides Cuba for it authoritarianism and refuses to do
business with Cuba, while at the same time it's in bed with China,
which is far more brutal, oppressive, and venal.
A good book. Recommended.
Insightful and well-written .......2006-05-31
China is a quickly rising economy on the world stage and many liken it to another Japan on the horizon. However, there are as many differences as there are similarities between the rise of the Chinese economy and the rise of Japan, South Korea, Taiwan, or Hong Kong. These differences are critical if you are going to understand the impact this will have on the American and world economy. What is the legacy of China's history and how is that impacting their current economy? How is China dealing with (or not dealing with) the problem of piracy and bootlegging of legitimate products on the world market and how will that affect their position on the world market stage? The author deftly covers opportunities and challenges in the China market and in United States Chinese market. The Chinese Century is highly recommended for anyone who wishes to understand the Chinese market and the implications of that market for the United States.
Amazon.com
The "commanding heights," according to Pulitzer Prize-winner Daniel Yergin and international business advisor Joseph Stanislaw, are those dominant enterprises and industries that form the high economic ground in nations around the globe. In their analysis of the new world economy, The Commanding Heights: The Battle Between Government and the Marketplace That Is Remaking the Modern World, they examine "the individuals, the ideas, the conflicts, and the turning points" that are responsible. And by considering events such as the ongoing Asian monetary crisis, they suggest what the ultimate interconnection of financial markets might mean in the future.
Book Description
The Pulitzer Prize-wimming author of The Prize joins a leading expert on the global economy to present an incisive narrative of the risks and opportunities that are emerging as the balance of power shifts around the world between governments and markets -- and the battle over globalization comes front and center. The Commanding Heights is essential for understanding the struggle over the "new rules of the game" for the twenty-first century.
Download Description
The Commanding Heights is about the most powerful political and economic force in the world today -- the epic struggle between government and the marketplace that has, over the last twenty years, turned the world upside down and dramatically transformed our lives. Now, the Pulitzer Prize-winning author of The Prize joins with a leading expert on the new marketplace to explain the revolution in ideas that is reshaping the modern world. Written with the same sweeping narrative power that made The Prize an enormous success, The Commanding Heights provides the historical perspective, the global vision, and the insight to help us understand the tumult of the past half century. Trillions of dollars in assets and fundamental political power are changing hands as free markets wrest control from government of the "commanding heights" -- the dominant businesses and industries of the world economy. Daniel Yergin and Joseph Stanislaw demonstrate that words like "privatization" and "deregulation" are inadequate to describe the enormous upheaval that is unfolding before our eyes. Along with the creation of vast new wealth, the map of the global economy is being redrawn. Indeed, the very structure of society is changing. New markets and new opportunities have brought great new risks as well. How has all this come about? Who are the major figures behind it? How does it affect our lives? The collapse of the Soviet Union, the awesome rise of China, the awakening of India, economic revival in Latin America, the march toward the European Union -- all are a part of this political and economic revolution. Fiscal realities and financial markets are relentlessly propelling deregulation; achieving a new balance between government and marketplace will be the major political challenge in the coming years. Looking back, the authors describe how the old balance was overturned, and by whom. Looking forward, they explore these questions: Will the new balance prevail?
Customer Reviews:
Capitalism won. Socialism lost........2007-08-13
That's the central message of this book. But to know why it happened, how it happened, and the geographic extent of this outcome, you need to read this fascinating book.
Now if we can just get our own federal government to realize this . . .
Also read what could be a good companion book: The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else
Good Primer But Authors Show Shallow Understanding.......2007-06-19
This book offers a good historical review of the struggle between free market and government controlled, socialist economies, the ideas behind the struggle, the main characters and the intellectuals who shaped the struggle.
Nevertheless, the book makes it look like market controlled economies have achieved the ultimate triumph when the case is far from that. The so called 'capitalist' economies of today are more controlled by government that they ever were and they have been rather re-regulated than deregulated.
The book would make a good reading for those interested in history but I wouldn't subscribe too much to its premise that Capitalism has triumphed.
Not critical enough; offers one perspective and does not back it up.......2006-11-18
This book was rather fun to read but I am not convinced that the authors have as deep an understanding of the phenomena they are writing about as they would like the readers to believe. The book reads like a narrative, full of assertions that are not backed by rigorous analysis of hard evidence. The authors do not critically explore causal relationships, nor do they talk about research that has done so. They present only one particular perspective on the unfolding of events, and they do not defend this perspective against potential criticism.
My experience with economics has always reinforced the idea that causality can be difficult to establish, and can often operate in unexpected ways. An economist must proceed skeptically, being careful to explore alternative explanations and being prepared to defend assertions with theory and data. The authors do not seem to share this view, taking instead a more naive approach.
Maybe I was expecting too much; after all this book is meant to be accessible to non-economists. However, making a book more accessible does not necessitate a lack of rigour or the absence of critical thought; the authors could have removed some of the redundancy in the book (their writing is far from concise!) and replaced it with explorations of alternative perspectives. The book would be greatly enriched by adding more discussion of research that supports (or opposes) their views.
Very Good Review of 20th century political economy.......2006-11-07
This is as painless an education on world 20th century political economy as possible. It is very interesting, providing a lot of good intellectual background to the major events and excellent descriptions of the events themselves. The book places excessive emphasis on Hayek, who was an important figure representing a strong "pro-market" voice in economics, but probably less important than Friedman and no more important than several others. The "conflict" bewteen Hayek and Keynes is somewhat overstated. However, this is an excellent book and the corresponding DVD is also very good.
an excellent report of the world economy.......2006-02-13
Public sector economy or market economy, this is the epic quest of the twentieth century. In a time of unemployment and global markets, everyone is looking for an answer to get growth and employment high. Daniel Yergin examines the twentieth century under the aspects of political and economic point of views.
He begins with the New Deal; in witch Roosevelt tried to regulate the liberal free market. The Anti-Trust- Rules were the first step in a modern regulated market. A neoliberal market constitution was introduced by the German economists. Walter Eucken, Mueller-Armack and Roepke were the person who introduced the „Ordoliberalismus"(Freiburg school of economists) into the economic policy. Yergin and Stanislaw discussed the transformation of the socialist states from a socialist market condition into a free market, after the Soviet Union broke down. These new economies of the Warsaw Pact states troubled with the release into the capitalist world. They showed how these transformation works, especially in Poland. Against this transformation they show how the Old Europe had problems with the expansion of the market into the east. In Western Europe the unemployment rate rose to an unknown high and the social problems of the welfare system rose too.
Yergin and Stanislaw explained the economic policy of Margaret Thatcher and the third way of Tony Blair and Gerhard Schroeder.
Beyond this political point of views Yergin and Stanislaw explains the theoretical background of the modern economics. The Chicago school by Milton Friedman, Alfred Kahn economic of regulation and Keynesianism is discussed.
The future lies in the Asian markets and the growing Indian market. They explain the population problems of these countries and how the World Bank gets further with it.
I think it is an excellent book for the economist. It shows how the theoretical background is applied. There are good examples to explain it to the reader who are not familiar with the economic thinking.
Book Description
Marketing: Principles and Perspectives is a cutting edge text. In the first edition, we demonstrated this leading coverage with our strong integration of Integrated Marketing Communication and Direct Marketing. In the second edition we continued our modern coverage by integrating cross-functional teams, customer loyalty, and the Internet / technology. The third edition includes an E-Commerce chapter and continues to fully integrate the Internet throughout. The authors not only talk about what marketing is, but prepare the students to be marketers by involving them in interactive exercises which strengthen decision making skills. Marketing, Third Edition offers the latest coverage, quality professor supplements, and an interactive student web tool and still it is approximately $20 less than most principles of marketing competitors.
Book Description
China's emergence on the world stage will be one of the most momentous--and challenging--developments of the twenty first century. To help us understand this country--the world's largest with 1.4 billion people--scholars at CSIS and IIE have compiled data accumulated over years of investigation into an accessible narrative for the general reader.
Hailed as one of the most definitive books on China, China: The Balance Sheet is the fullest attempt to understand and describe the most important emerging power in the world.
Customer Reviews:
Great.......2007-09-21
I like the book, it gives a interesting perspective. I think the author thinks China will be not burst but rather continue growing. I haven't gotten through most of the book yet, though.
An incredibly efficient review of what's up in China.......2007-09-05
This book is the best primer on the rise of China and the consequences to the United States that I have come across. Most other authors on the subject feel the need to have a strong thesis, either "China: House of Cards" or "China: Unstoppable Juggernaut". The team here presents a balanced and clinical view while venturing to conclusions on reccommended US actions as well. Well worth the quick read to cut through all the China hype/noise out there.
Average customer rating:
- Invaluable reference source
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The MIT Encyclopedia of the Japanese Economy - 2nd Edition
Robert C. Hsu
Manufacturer: The MIT Press
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ASIN: 0262082802 |
Book Description
The MIT Encyclopedia of the Japanese Economy was the first English-language encyclopedia to cover all major aspects of Japan's postwar economy. The second edition has been fully revised and expanded, and includes previously unpublished data as well as coverage of recent developments in the economy. The definitional entries concisely explain major economic concepts and include translations of Japanese economic terms and cross references to the longer topical essays. The 180 topical essays cover banks, financial systems, major industries, corporate groups, management practices, labor unions, international trade and investments, government economic policies, and more. They also include comprehensive statistics, American and Japanese views on economic relations between the two countries, and suggestions for further reading. A new index contains names of major companies.
Customer Reviews:
Invaluable reference source.......1999-01-06
As an international equity portfolio manager specializing in Japanese equities, this book is a very valuable reference source. The book describes many of the key institutions and their interlocking nature. Full of cross references, addresses & phone numbers (for institutions) and mini bibliographies for most major concepts, this book is a great hub for studying the Japanese economy. I look forward to the next edition.
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Principles of Public and Private Infrastructure Delivery (Infrastructure Systems: Delivery and Finance Volume 101) (Infrastructure Systems: Delivery and Finance)
John B. Miller
Manufacturer: Springer
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ASIN: 0792372018 |
Book Description
Essential to anyone involved in the planning, design, construction, operation or finance of infrastructure assets, this innovative work puts project delivery, finance, and operation together in a practical new formulation of how both public and private owners can better manage their entire collection of infrastructure facilities.
Principles of Public and Private Infrastructure Delivery traces the history of infrastructure development and finance in the United States, and meticulously ties America's historical success in infrastructure to the simultaneous use of Design-Bid- Build, Design-Build, Design-Build-Operate, and Design-Build-Finance-Operate to deliver both public and private infrastructure collections. This historical background provides the basis for a new, integrated strategy for managing infrastructure assets in the 21st century.
Principles of Public and Private Infrastructure Delivery provides the logic and practical tools that public and private decision-makers need to make better strategic choices in the application of scarce resources to infrastructure facilities. New tools are presented that permit simple comparisons of different project delivery and finance strategies. Practical approaches are provided that allow owners to quickly compare capital program alternatives for entire collections of infrastructure facilities. Practical legislative strategies for organizing the delivery of public infrastructure are presented and described.
Principles of Public and Private Infrastructure Delivery provides a practical framework that owners can apply to implement a competitive infrastructure strategy and a principled framework that private sector firms can use to effectively reposition themselves in this changing market. It puts infrastructure asset management in an entirely new and more productive light, and establishes a new paradigm for steady improvement in the quality and cost performance of public and private infrastructure networks.
Audience: This book will be an essential reference tool for infrastructure managers throughout the public and private sectors, including:
- Public Works Officials;
- Corporate Officials Responsible for Asset Management;
- State Legislators and Executive Officials;
- State Agencies and Regional Authorities Responsible for Transportation, Water Supply and Treatment;
- City Mayors, Town Managers, and Other Local Officials;
- Private Infrastructure Developers and Operators;
- Procurement and Project Counsel;
- Design-Builders;
- Constructors;
- Design Professionals;
- Management Consultants;
- Program Managers; and
- Financial Institutions.
Book Description
In this provocative, important study, Dali L. Yang examines a wide range of governance reforms in the People’s Republic of China, including administrative rationalization, divestiture of businesses operated by the military, and the building of anticorruption mechanisms. The author also analyzes how China’s leaders have reformed existing institutions and constructed new ones to cope with unruly markets, curb corrupt practices, and bring about a regulated economic order.
Though still a work in progress, Yang arugues, taken together these reforms have improved the institutional environment for economic development and altered the landscape for China’s ongoing struggle against rampant corruption. These measures are also likely to have important implications for the exercise of governmental authority and for China’s future political development. As China’s role on the world stage expands, the way the State conducts itself assumes increasing importance not just for those concerned about the welfare of the Chinese people but also for those interested in China’s role in regional and world affairs.
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Public Finance: A Contemporary Application of Theory and Policy
David N. Hyman
Manufacturer: Harcourt College Publishers
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Public Finance: A Contemporary Application of Theory to Policy with Economic Applications
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International Economics
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Public Finance
ASIN: 0030337844 |
Book Description
Finance provides students with a balance of expenditure and tax topics along with the information and analytical tools to understand major government policy and finance issues. The book has been praised for its clarity, good organization, and careful explanations of complex issues.
Amazon.com
The Working Poor examines the "forgotten America" where "millions live in the shadow of prosperity, in the twilight between poverty and well-being." These are citizens for whom the American Dream is out of reach despite their willingness to work hard. Struggling to simply survive, they live so close to the edge of poverty that a minor obstacle, such as a car breakdown or a temporary illness, can lead to a downward financial spiral that can prove impossible to reverse. David Shipler interviewed many such working people for this book and his profiles offer an intimate look at what it is like to be trapped in a cycle of dead-end jobs without benefits or opportunities for advancement. He shows how some negotiate a broken welfare system that is designed to help yet often does not, while others proudly refuse any sort of government assistance, even to their detriment. Still others have no idea that help is available at all.
"As a culture, the United States is not quite sure about the causes of poverty, and is therefore uncertain about the solutions," he writes. Though he details many ways in which current assistance programs could be more effective and rational, he does not believe that government alone, nor any other single variable, can solve the problem. Instead, a combination of things are required, beginning with the political will needed to create a relief system "that recognizes both the society's obligation through government and business, and the individual's obligation through labor and family." He does propose some specific steps in the right direction such as altering the current wage structure, creating more vocational programs (in both the public and private sectors), developing a fairer way to distribute school funding, and implementing basic national health care.
Prepare to have any preconceived notions about those living in poverty in America challenged by this affecting book. --Shawn Carkonen
Book Description
“Most of the people I write about in this book do not have the luxury of rage. They are caught in exhausting struggles. Their wages do not lift them far enough from poverty to improve their lives, and their lives, in turn, hold them back. The term by which they are usually described, ‘working poor,’ should be an oxymoron. Nobody who works hard should be poor in America.” —from the Introduction
From the author of the Pulitzer Prize–winning Arab and Jew, a new book that presents a searing, intimate portrait of working American families struggling against insurmountable odds to escape poverty.
As David K. Shipler makes clear in this powerful, humane study, the invisible poor are engaged in the activity most respected in American ideology—hard, honest work. But their version of the American Dream is a nightmare: low-paying, dead-end jobs; the profound failure of government to improve upon decaying housing, health care, and education; the failure of families to break the patterns of child abuse and substance abuse. Shipler exposes the interlocking problems by taking us into the sorrowful, infuriating, courageous lives of the poor—white and black, Asian and Latino, citizens and immigrants. We encounter them every day, for they do jobs essential to the American economy.
We meet drifting farmworkers in North Carolina, exploited garment workers in New Hampshire, illegal immigrants trapped in the steaming kitchens of Los Angeles restaurants, addicts who struggle into productive work from the cruel streets of the nation’s capital—each life another aspect of a confounding, far-reaching urgent national crisis. And unlike most works on poverty, this one delves into the calculations of some employers as well—their razor-thin profits, their anxieties about competition from abroad, their frustrations in finding qualified workers.
This impassioned book not only dissects the problems, but makes pointed, informed recommendations for change. It is a book that stands to make a difference.
Customer Reviews:
must read.......2007-09-30
This was an excellent book. A real eye opener into a whole other world. I'm giving it to my college student daughter, to make sure that she graduates. The last book that inspired me in the same way was Barbara Ehrenreich's Nine to Five. This is journalism at its best, excellent writing, excellent research. I only hope that its message gets through.
well researched.......2007-08-06
I found Working Poor to be well-researched, and I prefer it's tone to Nickel and Dimed. Shipler was thorough and balanced in his view of the poor in America. In the various stories, Shipler takes us into the psyche of the "working poor", showing the different circumstances that allowed these individuals to remain, or get into poverty.
Phenomenal.......2007-05-14
If you've ever taken pause to consider what makes the world go round as it relates to commercial or economic pursuits, you owe it to yourself to read this book.
It's a great start, but...........2007-03-08
Let me start by saying what I liked and appreciated about this book before I go on to say what I didn't. First of all, it's great that most of the focus has been placed on individual families and circumstances. He's not just rattling off statistics; he's actually taking you to the living rooms and workplaces of real human beings and for the most part letting them tell their own story. It is also clear that Shipler does not have a political agenda; he acknowledges the failings of both the left and right to address this issue on pretty equal terms. The author is not blaming the individuals in question entirely for their situations, nor is he completely blaming society or "the system;" rather, he shows in an extrodinarily clear and sober manner the variety of circumstances which cause poverty and which continually leave those afflicted in its grasp.
The main problem that I have with this book is that I feel it left out a lot of people and a lot of problems that could have easily been addressed. For one, most of the people in the book are urban minorities, and that seems to be where most of the focus lies. There's not a lot of emphasis on the rural poor (with the notable exception of migrant farm workers) among whom circumstances are quite different and in many ways even harder than those of the urban poor. In addition, Shipler is constantly noting the lack of education among poor people but doesn't ever mention the fact that ever-rising and insane tuition costs prevent many perfectly capable *middle-class* people of getting to college in the first place, thus rendering them just as poor as the people who started out that way. (Financial aid actually favors the very poor, and the middle class are often left in the limbo of "too much income to qualify, not enough money to pay out of pocket" and the only way to go is through financially crippling student loans.)
I also wanted to say something about the Earned Income Credit, because it is something that Shipler thoroughly sings the praises of throughout the book. First of all, it's not that easy to get it. As a personal example, from 1999-2005, even though I made hardly any money and should have qualified, I did not because I was under 25 (a stipulation that Shipler neglects to mention.) This year, I am 25, but I still did not qualify because I had gotten married. (Which is another big issue Shipler neglects to mention: the marriage penalty.) If you are married you have to make an absurdly low amount of money to qualify, so if you both work full time like good Americans without taking any other government money (which you wouldn't qualify for anyway unless you have children), even if you both make minimun wage and are barely scraping by, you still wouldn't qualify. So it's really not the panacea that he makes it out to be.
There are a lot of other relevant issues that Shipler never brings up. For example, why does someone who makes $15,000 per year have to pay the same percentage of their income to Social Security as someone who makes $75,000 per year? What about all those people on Social Security, anyway? Why are people without health insurance forced to pay for someone else's Medicare? Why doesn't a high school diploma mean anything anymore? There are a billion questions that, as a poor person, I wanted answers to, which is the very reason I bought this book. But there is so much emphasis in here about one very specific type of poor person (urban minority female with way too many children) who also happens to be the most stereotypical kind of poor person, without giving everyone else who is struggling to survive a very equal voice. But like I said at the beginning, this book is a good starting point. If you are poor, or have ever been poor, you may not get as much out of it as a wealthier person. If you have a lot of money or are otherwise quite comfortable financially, please read this book. It may not give you the entire picture of poverty in America, but it will put a real human face on the problem.
YOU HAVE TO READ THIS!.......2007-01-28
This should be required reading for everyone in this country. This book does what "Nickle and Dimed" could only dream of doing. This is not some man just trying on poverty to see how it feels. Shipler gets down to the bare bones of poverty and details the web of causes and effects. Speaking as someone that's been to hell and back when it comes to poverty this book was spot on in detailing the vast array of circumstances that all rely on and influence each other. He does well to point out that poverty is a mix of bad circumstances and bad choices and that it's all a painful cycle. He also does a great job at illustrating the way the working poor live not only paycheck to paycheck, but crisis to crisis and disconnect notice to disconnect notice.
Not only does Shipler highlight all the gritty details of the life of the working poor he outlines very reasonable and more importantly POSSIBLE solutions to combat poverty. His solutions are more common sense and can be done if everyone gets on board to recognize the problem and agree to work on solving it.
We will never get rid of poverty, some people will always make the negative choices that keep them poor. But there is no excuse for such a wealthy country to build it's empire on the backs of the poor and then refuse to let them in the door.
Read this book, then pass it on. You will learn more than you ever thought you could about the people that you never thought to notice.
Books:
- Radicals for Capitalism: A Freewheeling History of the Modern American Libertarian Movement
- Radicals for Capitalism: A Freewheeling History of the Modern American Libertarian Movement
- Radicals for Capitalism: A Freewheeling History of the Modern American Libertarian Movement
- Readings in Public Choice Economics
- Real Estate Finance & Investments: Risks and Opportunities
- Recursive Methods in Economic Dynamics
- Schaum's Outline of Financial Management
- Servant Leader
- Sight, Sound, Motion: Applied Media Aesthetics
- State-Directed Development: Political Power and Industrialization in the Global Periphery
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