Last week’s headlines were all about President Obama’s visit to China. Obama has already made more foreign trips in his first year in office than any other U.S. president, but the trip to China was of special significance as it brought together the leaders of the two most powerful nations.
In my previous column I wrote about the role of uncertainty in business. I highlighted an extreme form of uncertainty, ‘Coconut Uncertainty,’ an event that is totally unexpected and not even measurable as an outlier, that has important consequences, like a coconut falling on one’s head during a meticulously planned beach holiday in Thailand.
About a year ago, in the midst of the post-Lehman Brothers bankruptcy furore and the depths of negative global sentiment, I was sent a manuscript of a book-in-progress: to read and to then participate in a panel discussion on its theme at the INSEAD business school campus in Singapore.
Without having planned as such, this column is the third part of my ‘Dragon Trilogy,’ a series of articles on the might of the Chinese economic dragon. To give more relevance to this theme, I am actually penning this column from the Middle Kingdom itself, from the lair of the dragon.