Skip to main content

The Elephant and the Dragon by Robyn Meredith

A survey of the development and modernization of China and India. Written by a reporter for Forbes with a disappointingly light grasp of economics and trade. The numbers, data and statistics will be interesting, even shocking, to anyone new to reading about these emerging economies. Unfortunately, if you're already conversant in what's going on over there, the book may read like an unstructured collection of obligatory factoids.

The Elephant and the Dragonwould make a solid "first book" to a reader new to the issues on China and India, but I'm casting about for a book on the topic that is more predictive and insightful. Does anyone have any good suggestions?

The author argues that the US has a lot to fear from China or India. I'm sure the same fear-based mentality raged in England in the 1800s when the US passed England as the world's largest economy. Last I checked, however, England is still there and wealthier than ever.

Further, Meredith uses so many examples of "on the one hand/on the other hand" thinking that I walked away from the book wondering which side of this issue she really stood on.

That said, I did learn a few things from this book, in particular how ignorant and incompetent Mao, Gandhi and Nehru were on economic issues and how their ideologies handicapped their countries for decades.



Addendum (8/10/08): I'm going to add to this post a reading list of potentially interesting books for further reading. In general, I'll select the most interesting sounding titles listed in the bibliography (if there is one) or other notable book titles mentioned or drawn from by the author the text itself.

In the future, I'll do this for any book that provides titles that would be of interest to readers looking to pursue any of the book's subjects on a deeper level. As always, if you have feedback or suggestions for titles, you can leave a comment on this or any post. Also, you can always reach me privately here at dan1529[at]yahoo[dot]com.

Reading list for The Elephant and the Dragon:
One quick comment: Most of these books are likely much more interesting and influential than this book itself!

1) India Unbound Gurcharan Das
2) Making Globalization Work Joseph Stiglitz
3) From Third World to First : The Singapore Story: 1965-2000 Lee Kuan Yew
4) Billions: Selling to the New Chinese Consumer Tom Doctoroff
5) One Billion Customers: Lessons from the Front Lines of Doing Business in China James McGregor
6) The Fords: An American Epic Peter Collier and David Horowitz

More Posts

Good Thinking: The Foundations of Probability and its Applications by Irving J. Good

This collection of scientific papers is a challenging but useful discussion on statistical methods, probability, randomness, logic and decision-making. Much of the book centers around Bayesian statistical methods and when and why to use them, as well as "philosophy of science"-type discussions on when a scientist should--or sometimes must--apply subjective judgments to scientific problems. It will help enormously if you've had a semester or two of statistics to really get at the meat of this book. If not, scroll down a few paragraphs for a short list of layperson-friendly books that address many of these subjects more accessibly. [A quick  affiliate link to Amazon  for those readers who would like to support my work here: if you purchase your Amazon products via any affiliate link from this site, or from my sister site  Casual Kitchen , I will receive a small affiliate commission at no extra cost to you. Thank you!] Author Irving Good worked with Alan Turing at ...

The Dhandho Investor by Mohnish Pabrai

Worth reading, and rereading, and re-rereading. An elegant book that teaches fundamental principles of value investing, and much more. The Dhandho Investor  also has the highly unusual quality of being useful at a wide range of reader sophistication levels: you can gain tremendously from this book as a beginner or as a deeply experienced investor. I'll single out Chapters 5 and 6 for particular mention: Chapter 5 describes author Mohnish Pabrai's investing framework, with nine interlocking and synchronistic rules. Chapter 6 describes in very simple language all of the gigantic structural advantages of investing in the stock market, as it offers low frictional costs, a tremendous selection of possible businesses, and, most importantly, periodic incredible opportunities. These two chapters explain why you will take a pass on almost all investments--but then, once in a while, make large bets on specific situations that meet your requirements. [A quick  affiliate link to Amazon ...

Deep Response: An Emergency Education in Post-Consumer Praxis by Tyler Disney

Tremendously useful. This is a book about meta-preparation: about what it really means to be prepared when you don't know the future. It teaches readers how to think about skill development, optionality and flexibility--and by virtue of these meta-tools, how to earn true individual self-sovereignty. Deep Response is a sophisticated strategy-level discussion hidden in a simple story: a thirty-something man goes back in time to offer guidance to his twenty-something younger self. Their discussions are engrossing on many, many levels, as the two characters--with radically different perspectives, despite being the same person--work out various life problems. The older character wants to warn the younger man that all of his strivings will eventually cause him to achieve nearly the exact opposite of what he seeks, and worse, if he doesn't adjust, his life will soon lack enough flexibility to do anything about it. The reader is the lucky beneficiary, getting exposure to a wide-rangi...