EconAir

  INTRODUCTION   The English East India Company (EIC) was an innovative new type of corporation. It was not only  a multinational corporations but it was created to exploit the profit potential of global trade.  It might be a model for how a multinational corporation (MNC) could survive and prosper in an increasingly chaotic and hostile geopolitical world. For a description of the structure and strategy of the English East India Company, see The English East India Company (EIC):  Trade with Asia     THE EIC AS A MODEL FOR FUTURE MNCs?   The international political structure is now moving in reverse as the post-World War II economic and political order created mostly by the United States is breaking down. America seems to be less willing to pay for global  political  leadership, reverting back to its traditional policies of isolationism and protectionism. It hugely expensive military is paid for with deficit financing. Wealthy countries c...

  INTRODUCTION According to the World Bank, China's Gross Domestic Product (GDP) was $18.7  trillion in 2024, compared to $29.2 trillion for the United States. China's economy was 64% the size of the American economy; a generation ago, in 2000, China's GDP was only 12% of America's. China has been a spectacular economic success story.  China has increased its share of global manufacturing from 6% in 2000 to 32% in 2024.  Manufacturing makes up 28 percent of China’s economy, compared with 11 percent in the United States. China sees it dominance of interrelated advanced technologies as key to its geopolitical global dominance of the United States. THE BEGINNING OF CHINA'S ECONOMIC RISE After the death of Mao in 1976, a more pragmatic group of Communist leaders seized power and began to change China. Their model was Singapore, whose population was mostly Chinese. Singapore’s economic growth model was that the dominant political party would direct economic growth. It in...