BOSTON — For the first time since the rise of Western capitalism, entrepreneurs in China and India can ignore New York and London - and still build companies worth billions. Thanks to social and economic revolutions, Asia has captured the best minds and money from around the world.
In Billions of Entrepreneurs: How China and India Are Reshaping Their Future and Yours, Harvard Business School Professor Tarun Khanna uses on-the-ground stories and research to show how China and India are embracing the world on their own distinct terms. Entrepreneurs are powering change through new business models and bringing hope to countless people. Through comparisons of triumphs and travails in both countries, Khanna illuminates such critical areas as the
- challenges of governing 2.4 billion people with a penchant for entrepreneurship,
- need for information accessibility, transparency, and reliability,
- balance between private property rights and public interests,
- need to encourage and fund indigenous enterprise,
- role of overseas Chinese and Indians in development back home,
- rise of medical tourism and the inequality of health care.
Billions of Entrepreneurs reveals how such differences will influence China's and India's future development as well as what these two countries can - and must - learn from each other today. The book paints a vivid picture of how China and India are reshaping business, politics, and society around the world.
"We as a global community must foster the conditions that allow for business and government to create jobs and entrepreneurial opportunities for our youth in emerging markets," said James D. Wolfensohn, chairman of Wolfensohn & Company, LLC, and former president of the World Bank. "In this work, Khanna has brilliantly highlighted the importance of entrepreneurship in China and India, the next two great economic powerhouses."
About the Author
Tarun Khanna is the Jorge Paulo Lemann Professor at Harvard Business School. He works with entrepreneurs, companies, and NGOs in emerging markets worldwide. In 2007, he was elected a Young Global Leader by the World Economic Forum.