Superfusion: How China and America Became One Economy and Why the World's Prosperity Depends on It

Asia Society presents economist and author Zachary Karabell in conversation with James Flanigan.

Author and economic and political analyst Zachary Karabell was once deemed by the World Economic Forum as a "Global Leader for Tomorrow." He is the President of River Twice Research and the Senior Advisor for Business for Social Responsibility. Previously, he served as Executive Vice President, Head of Marketing and Chief Economist at New York-based investment firm Fred Alger Management. He is also a regular commentator on CNBC, and a contributor to Newsweek, The Wall Street Journal, The Los Angeles Times, The New York Times, Foreign Affairs, and The Washington Post.

In his newest book, SUPERFUSION: How China and America Became One Economy and Why the World's Prosperity Depends on It, Karabell explores the vital and unique relationship between two of the most powerful economies in the world today - China and America - and how they are upending conventional wisdom and reshaping the global system. Karabell traces the twenty-year history that began with the suppression of the protests in Tiananmen Square in 1989. The Chinese leadership adopted a policy of aggressive economic reform and courted U.S. companies and expertise. He shows how U.S. corporations such as Kentucky Fried Chicken, Proctor & Gamble, Avon, Nike, General Electric, Siemens, and IBM are integral to the Chinese economy and how their investments in China helped create a new international system of trade, production and capital flows. In the meantime, China has moved beyond being a poor country that produces cheap retail goods consumed by the U.S. and Europe.

RSVP by Wednesday, October 28, 2009 to Ted Habte-Gabr at ted@druckerbusinessforum.org.