In China's shadow : the crisis of American entrepreneurship / Reed Hundt.

Includes bibliographical references (p. [135]-185) and index.

Looking East Toward the Dawn -- The Uprooting of American Business -- The Up and Down of Entrepreneurial Culture in America -- Home Improvement: Rebuilding the Architectures of Culture -- America the Hopeful.

"China is the new global center of start-ups and is well on its way to becoming the world's largest consumption market. China's rising economic power challenges the strategies of virtually every American business and threatens the standard of living of every American citizen. Only if Americans respond wisely and promptly can the United States assure the perpetuation of the American Dream." "Reed Hundt paints a portrait of the new reality of global competition for American firms and citizens. He warns that a respectable defeat for both American businesses and workers would undermine the possibility of an ever-increasing standard of living, as well as threaten the nation's commitment to the values of freedom and equality. Meeting the unprecedented rivalry from the other side of the globe is not a matter of adopting the legislative programs of either the left or right in today's politics. Instead, in the areas of law, technology, and leadership, Americans need to renew and expand their culture of entrepreneurship. As the boom of the 1990s was sparked by new business initiatives in every aspect of the information sector, Hundt argues, so a successful American response to the challenge of China lies in extending entrepreneurial culture in the economy, from health care to energy, and in society, from leaders in positions of power to those arising from the grassroots of the Internet."--BOOK JACKET.