Tag Archives: Economics

China in Ten Words by Yu Hua, translated by Allan H. Barr

Yu Hua is a grand master of subversion. Just as his title – China In Ten Words – promises, Yu “compress[es] the endless chatter of China today into ten simple words … to finally clear a path through the social complexities and staggering contrasts of contemporary China.” Through laconic reduction, Yu exposes a China far beyond current Western assumptions based on adoptable baby girls, fears about Chinese überstudents out-performing America’s own, and the looming US-to-China foreign debt.

Yu is well known for his internationally award-winning novels – including To Live (which became a lush Zhang Yimou film), Chronicle of a Blood Merchant, and Brothers – but China in Ten Words is his first nonfiction work in English translation. “In the thirty odd years since Mao’s death China has fashioned an astonishing economic miracle,” writes Yu from his insider’s vantage point, “but the price it has paid is even more astounding.”

Here, he combines history, sociopolitical analysis, economic observations, with his own personal experiences to illustrate for readers the contrast between the deprivation that defined the Cultural Revolution of his youth and the extravagance of contemporary China.

Yu begins almost nostalgically with “the first words [he] mastered”: “the people.” During Mao’s rule, “the people” projected power and gravitas, from Mao’s directive to “‘serve the people,’” to the People’s Republic of China, to the country’s most important newspaper, People’s Daily. Three decades later, Yu muses, “I can’t think of another expression in the modern Chinese language that is such an anomaly – ubiquitous yet somehow invisible.” In a new China “where money is king,” ‘the people’ have been “denuded of meaning by Chinese realities.”

Yet even more than ‘the people,’ “the word that has lost the most value the fastest during the last thirty years … would surely have to be ‘leader,’” Yu’s word #2. “Many years after the 1976 death of a genuine leader” – Chairman Mao – today’s Chinese are in the midst of cutthroat competition for mere survival: “the strong prey on the weak, people enrich themselves through brute force and deception, and the meek and humble suffer while the bold and unscrupulous flourish.”

Yu balances such vehemence with three chapters of personal reflection on “reading” (word #3), “writing” (word #4), and “Lu Xun” (word #5). In “reading,” Yu recalls the oppressive scarcity of books during the Cultural Revolution only to have books become worth less than wastepaper three decades later.

In “writing,” he shares some of his own literary history, from his early career as a small-town dentist to his aspirations toward “a loafer’s life in the cultural center” as a writer; he laughs off the critical praise he eventually receives for his “plain narrative language” as little more than the result of his untrained, limited vocabulary.

Yu confesses to his youthful disrespect toward China’s most influential 20th-century prose writer, Lu Xun, who was revered then reduced to a mere “catchphrase.” As a mature, acclaimed author himself, Yu is finally able to recognize and reclaim Lu Xun’s literary potency.

Continuing on through the second half of his 10 words, Yu’s sharp gaze proves unrelenting. He traces the evolving violence of “revolution” (word #6) over a span of 30 years, and examines the resulting “disparity” (word #7) between those who absconded with ill-gotten luxuries and those who remain trapped in “desolate ruins.” He captures the ruthless determination of “grassroots” (word #8) citizens, “who have nothing to lose, since they began with nothing at all,” who don’t allow concerns about morality or legality to obstruct their unwavering path toward financial gains.

When such ends seem to justify any means – methods employed can be described by words such as “copycat” (#9) and “bamboozle” (#10) – then “Harvard Communications” can use President Obama to sell their “Blockberry Whirlwind 9500,” and the penthouse allegedly leased by Bill Gates during the Beijing Olympics will “convert an obscure housing development into an apartment complex famous all over the country.”

Chapter by chapter, word by word, Yu drolly pulls off the proverbial white gloves, exposing one finger at a time until the guilty hands are stripped bare. Unblinking, Yu muses at the ‘you-can’t-make-this-stuff-up’ reality that is today’s China: “Here, where everything is tinged with the mysterious logic of absurdist fiction, Kafka or Borges might feel quite at home.” As a consummate author, Yu contemplates “writ[ing] such a story myself. Bamboozletown might be its title.”

Review: Christian Science Monitor, December 8, 2011

Readers: Adult

Published: 2011 (United States)

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Filed under ..Adult Readers, .Memoir, .Nonfiction, .Translation, Chinese

Half the Sky: Turning Oppression into Opportunity for Women Worldwide by Nicholas D. Kristof and Sheryl WuDunn

Half the Sky is a remarkable, life-changing book. It should be required reading for all adults (and more mature young adults), but especially for us overprivileged, lucky-solely-by-chance-of-birth citizens of the West. If there is ONE book you read this new year, let it be this one.

Using a Chinese proverb attributed to Mao – “Women hold up half the sky” – Pulitzer Prize winners Nicholas Kristof and Sheryl WuDunn (the first married couple to win a Pulitzer; WuDunn was the first Asian American to garner a Pulitzer while Kristof has since won a second) seek to rescue women and girls worldwide by “focusing on three particular abuses: sex trafficking and forced prostitution; gender-based violence, including honor killings and mass rapes; and maternal mortality, which still needlessly claims one woman a minute.”

Most of us are probably at least vaguely aware of the gender inequalities throughout the world. But laid out in this book in black and white, the numbers are beyond staggering: “…more girls have been killed in the last fifty years, precisely because they were girls, than men were killed in all the battles of the twentieth century. More girls are killed in this routine ‘gendercide’ in any one decade than people were slaughtered in all the genocides of the twentieth century.”  And lest you think slavery is a thing of the past: ” … far more women and girls are shipped into brothels each year in the early twenty-first century than African slaves were shipped into the slave plantations each year in the eighteenth or nineteenth centuries.”

What Kristof and WuDunn miraculously accomplish here is to move beyond the mind-numbing numbers and present you with individual stories that will haunt and inspire you. Reading the experiences of actual women who have suffered unbearable atrocities will make you gasp, and hopefully shock you into real action. Balanced with the specific stories of child prostitutes in Cambodia and India, victims of gang-rape in Pakistan and the Congo, abandoned women in too many places left to die from pregnancy complications, are the phenomenal accounts of women who fought back and reclaimed their lives. Additionally, Kristof and WuDunn weave in the successful experiences of individuals and organizations that have empowered and rescued women throughout the world. From a working woman in New York whose $27 a month provides small miracles for a single mother on the other side of the world, to a wealthy donor whose funding changed the future of an entire village, Half the Sky is not about victimization, but about taking concrete steps to create substantial change.

Kristof and WuDunn’s personal mission is clearly stated up front: “We hope to recruit you to join an incipient movement to emancipate women and fight global poverty by unlocking womens’ power as economic catalyst.” By book’s end, Kristof and WuDunn offer “Four Steps You Can Take in the Next Ten Minutes” filled with near-instant ways you can make a difference. “This is a story of transformation. It is change that is already taking place, and change that can accelerate if you’ll just open your heart and join in.” How can you possibly just sit by?

Readers: Adult

Published: 2009

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Filed under ...Absolute Favorites, ..Adult Readers, .Nonfiction, African, Cambodian, Chinese American, Indian, Middle Eastern

SuperFreakonomics: Global Cooling, Patriotic Prostitutes, and Why Suicide Bombers Should Buy Life Insurance by Steven D. Levitt and Stephen J. Dubner

Four years ago (could say five, actually, as we just entered 2010 – already!), University of Chicago economics professor Steven Levitt and noted journalist Stephen Dubner debuted with Freakonomics: A Rogue Economist Explores the Hidden Side of Everything. That first duo-effort quickly became a mega-bestseller and spawned the popular blog of the same name, housed on the New York Times site where Dubner was an editor and writer until 1999 (and still writes a monthly “Freakonomics” column with Levitt for NYT Magazine).

The recent follow-up, SuperFreakonomics, proved a near-instant bestseller … hubby and friends swore I didn’t need to have read the first to enjoy the latest, which definitely proved true. And as I often do things backwards, SuperFreak has absolutely inspired me to read the original Freak one of these days (soon). One small confessional concession, however … no one does BIG-LIFE-concepts-reduced-to-remarkably-digestible-and-downright-entertaining-tidbits better than Malcolm Gladwell, so while SuperFreak was undoubtedly worth the seven-plus hours of iPod commitment (Dubner even sounds a wee bit like Gladwell), I remain a Gladwell-devotee first.

So what makes SuperFreak super? Read even a few chapters and you’ll have some of the best (and impressive) additions to your cocktail conversation arsenal. Let me offer just a few prime examples … family reunions are a major boon for prostitutes in Chicago (stay clear of the windy city when planning your own family’s next get-together!), friends don’t let friends walk home drunk, the seat belt that comes already installed in your car works just as well as that complicated bulky thing you invested in to protect your precious small children, getting doctors to just wash their hands is one of the biggest challenges in hospitals (take note for when you might land in one next!), and if you teach monkeys the concept of money, they’ll be buying a lot more than treats … when it comes to prostitution, our nearest animal relatives show disturbing similarities to our (very) flawed human race!

Levitt and Dubner expertly combine careful research by countless experts and their convincingly relevant statistics to create a real-life-economics-for-dummies treatise perfect for today’s attention-deficit intellectuals looking for knowledgeable shortcuts. They’ve done all the work for you … now all you have to do is just read (or even easier, just listen).

Readers: Adult

Published: 2009

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Filed under ..Adult Readers, .Audio, .Nonfiction, Nonethnic-specific

Creating a World without Poverty: How Social Business Can Transform Our Lives by Muhammad Yunus with Karl Weber

Creating a World Without PovertyIf you don’t think you’ve got the time to read this whole book, turn at least to the very end (don’t expect to hear me say that again anytime soon!) and read Yunus’ inspiring lecture he gave when he and his remarkable Grameen Bank together deservedly won the Nobel Peace Prize in 2006. Better yet, because it’s that important, let me make it even easier … click HERE for the Nobel lecture.

Now, rightfully inspired, you should finish the rest of this book, and read Yunus’ first book (blog post coming soon as I keep adding backwards), Banker to the Poor: Micro-Lending and the Battle Against World Poverty, which is actually even better.

Yunus’ own story is truly remarkable. Returning to his native Bangladesh with his American PhD, he soon realized that teaching lofty economic principles and theories to comparatively privileged university students was not going to be how he would spend his life. He could not simply ignore the poverty that surrounded him. He started with a few dollars from his own pocket which he loaned directly to the poorest women in the village just beyond his comfortable university. That tiny effort eventually evolved into Grameen (which means ‘village’) Bank.

Just over three decades later, with Grameen’s phenomenal near-perfect rate of payback, Yunus is defining and improving his own lofty economic principles of micro-financing and micro-credit. Even more importantly, Grameen has helped some 100 million of the world’s poorest and continues to expand its reach in a lauded effort to eradicate world poverty forever. In Yunus’ greatest dreams, he sees poverty belonging only in museums.

“Social business,” Yunus believes, is the best path toward that permanent eradication of world poverty. As an example of his social business model, he follows the creation of Grameen Danone, his joint venture with the French-based yogurt supergiant, which provides healthy yogurt at the lowest prices for the poor, especially children. In a social business, the goal is not profits and dividends, but further outreach and improvement of services and products. Yunus argues that vast numbers of people give their money away,  so why not find ways for those generous people to invest in social businesses instead; they would get back their investment, the world would be improved, and the same investment could be further used to grow other social businesses that continue to eradicate poverty. He challenges the next generations – who are hungry to make a difference, he insists – to find new ways to expand and improve social businesses throughout the world.

Yes, Yunus’ hopes and dreams might make you roll an eyeball or two. I fully confess that the cynic in me had a few dismissive moments. But even if we fulfill even a small percentage of Yunus’ big plans, the world will be that much better. As our own miracle-working Development Consultant Francey Younberg  often says, “how hard can it be?”

Readers: Adult

Published: 2008

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The Tipping Point: How Little Things Can Make a Big Difference by Malcolm Gladwell

Tipping PointI’ve gotten so spoiled that I have to have Malcolm Gladwell read his books to me [in true groupie mode, we not only have the audible.com download, turns out we also own two copies of Tipping, including one that's actually been signed by Gladwell!]. As this is the last of his oeuvre (I listened to them in backwards order of when they were published; I was a late groupie), I have to say, I’m rather sad. And not a little impatient for his next title. So hurry up, already, Malcolm!

Once again, as with his other two books, timing is everything … I happened to start listening to Tipping just as the H1N1 flu virus (don’t disparage the little piggies!) was just making headlines. Media coverage about the swine flu pandemic, to use Gladwell’s theory, had just tipped. [Ironically – and thankfully – the spread of the actual disease has not.] You couldn’t turn on the radio, TV, or computer without some reference to the porcine flu. And flu is exactly one of the examples with which Gladwell starts Tipping. Uncanny how his books just appear in my hands (or on my iPod, more accurately) at exactly the right moment!

Gladwell has an amazing way of explaining incredibly complex ideas with clarity and simplicity – and he does so all the while telling some really compelling stories. In his memorable debut, he introduces us his “three rules of epidemics”: 1. that you need connectors (people who know people), mavens (people who know a lot), and salesman (people who know how to effortlessly impart what they know) on your side; 2. that your idea has to have a stickiness factor; and 3. that context really matters.

From Hush Puppies to Airwalks, from Paul Revere to Rebecca Wells’ Divine Secrets of the Ya-Ya Sisterhood, from Sesame Street to Blue’s Clues, from New York City crime to Micronesian teenage suicide, from syphilis to smoking, Gladwell explains step by step how epidemics of all kinds started and tipped. And ultimately, he makes us understand that “[in] a world dominated by isolation and immunity, understanding these principles of word of mouth is more important than ever.” Amen to that. 

Readers: Adult

Published: 2000, 2002 (paperback with added afterword)

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Planet India: How the Fastest-Growing Democracy Is Transforming America and the World by Mira Kamdar

planet-indiaLooking into the brave new world, more likely than not, the next generations of America’s best and brightest will be working for Indian and Chinese multinational companies. Read why … and be prepared. Bonus: Fascinating and inspiring stories will keep you hooked. From textiles to tea, the Taj to technology, the new India is an exploding phenomenon. 

Review: TBR’s Editors’ Favorites of 2007,” The Bloomsbury Review, November/December 2007

Readers: Adult

Published: 2007

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Banker to the Poor: Micro-Lending and the Battle against World Poverty by Muhammad Yunus

Banker to the PoorThis is one of those life-changing books. Truly. I read it just before my first-ever trip to India (hoping to also go to Bangladesh at some point, but hasn’t happened yet, alas) together with Planet India as ‘homework’ before our departure. Read together, both make for a fabulous introduction to the South Asian subcontinent.

Part memoir, part social treatise, Banker to the Poor is Muhammad Yunus’ PRE-Nobel Prize debut title about his experiences creating what would become his co-Nobel Prize-winning Grameen Bank. After earning his PhD from Vanderbilt University, Yunus returned to his native Bangladesh to take a post as an economics professor at Chittagong University.

While he taught lofty theories and grand ideas, he couldn’t turn away from the extreme poverty he saw every day outside the hallowed academic halls. Out amidst the people, he quickly learned that the equivalent to less than a dollar could was all that separated a  hard-working woman (and her family) from the slavery-like conditions she endured to feed her family. With small sums from his own pockets, Yunus changed lives.

Together with his students, he left the classroom and headed out to the villages. Because none of the established banks would help – they would not make such tiny loans, and certainly no loans without collateral – Yunus found other means to help. And thus became the phenomenal success that is Grameen – which means ‘village’ – Bank.

While Yunus did not invent the concept of microloans, he certainly has become synonymous with the economic phenomenon. And no one, but no one, does it like Yunus. Our 11-year-old daughter kept hearing bits and pieces of this book from both her parents, and she asked for a Kiva certificate for her next holiday present (and a little something for her pet parrot). What parent is going to say ‘no’ to that? And she’s micro-loaning all over the world (although she has a preference for Latin America for now) … she hasn’t even read the book, and Yunus changed her life … no excuses for you older-than-tween folks. Go get the book NOW. Then go out and save the world, micro bits at a time.

Readers: Adult

Published: 1999, 2003 (paperback reprint)

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Filed under ...Absolute Favorites, ..Adult Readers, .Audio, .Memoir, .Nonfiction, Bangladeshi

The Flight of the Creative Class: The New Global Competition for Talent by Richard Florida

Flight of the Creative ClassAmerica – home of the best minds in the world? As Florida challenges, take a hard look at the 21st-century United States: That position of leadership is anything but guaranteed and being challenged every day.

Review: “New and Notable Books,” AsianWeek, June 30, 2005

Readers: Adult

Published: 2005

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Filed under ..Adult Readers, .Nonfiction, Nonethnic-specific