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The China Price: The True Cost of Chinese Competitive Advantage

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Synopses & Reviews

Publisher Comments:

To write The China Price, Alexandra Harney has penetrated further and deeper into China's enormous ecosystem of export-oriented industry than any outsider before her to uncover the truth about how China is able to offer such amazingly low prices to the rest of the world. What she has discovered is a brutal, Hobbesian world in which intense pricing pressure from Western companies combines with ubiquitous corruption and a lack of transparency to exact an unseen and unconscionable toll in human misery and environmental damage. The recent scandals about Chinese-made toys, tires, and toothpaste drive home a central tenet of this book: What happens in Chinese factories affects all of us, everywhere.

In a country with almost no transparency, where graft is institutionalized and workers have little recourse to the rule of law, incentives to lie about business practices vastly outweigh incentives to tell the truth. Harney reveals that despite a decade of monitoring factories, outsiders all too often have no idea of the conditions under which goods from China are made. She exposes the widespread practice of using a dummy or model factory as a company's false window out to the world, concealing a vast number of illegal factories operating completely off the books. Some Western companies are better than others about sniffing out such deception, but too many are perfectly happy to embrace plausible deniability as long as the prices remain so low. And in the Gold Rush atmosphere that has infected the country, in which everyone is clamoring to get rich and corruption is rampant, it's almost impossible for the Chinese government's own underfunded regulatory mechanisms to do much good at all.

Perhaps the most important revelation in The China Price is how fast change is coming, one way or another. A generation of Chinese flocked from the rural interior of the country to its coastline, where the factory jobs are in the largest mass migration in human history; but that migration has slowed dramatically, in no small part because of widespread disenchantment with the way of life the factories offer. As pollution in China's industrial cities worsens and their infrastructure buckles, and as grassroots activism for more legal recourse grows, pressures are mounting on the system that will not dissipate without profound change. Managing the violence of that change is the greatest challenge China faces in the near future, and managing its impact on the world economy is the challenge that faces us all.

Synopsis:

Alexandra Harney uncovers the truth about how China is able to offer such amazingly low prices to the rest of the world. She has discovered that intense pricing pressure from Western companies combined with ubiquitous corruption and a lack of transparency exacts an unseen and unconscionable toll in human misery and environmental damage.

Synopsis:

To write The China Price, Alexandra Harney has penetrated further and deeper into China's enormous ecosystem of export-oriented industry than any outsider before her to uncover the truth about how China is able to offer such amazingly low prices to the rest of the world. What she has discovered is a brutal, Hobbesian world in which intense pricing pressure from Western companies combines with ubiquitous corruption and a lack of transparency to exact an unseen and unconscionable toll in human misery and environmental damage. The recent scandals about Chinese-made toys, tires, and toothpaste drive home a central tenet of this book: What happens in Chinese factories affects all of us, everywhere.In a country with almost no transparency, where graft is institutionalized and workers have little recourse to the rule of law, incentives to lie about business practices vastly outweigh incentives to tell the truth. Harney reveals that despite a decade of monitoring factories, outsiders all t

About the Author

Alexandra Harney has been working in Asia as a journalist for most of the past decade. She has covered China and Japan for The Financial Times and was an editor at the newspaper in London. From 2003 to 2006, she was the FT's South China correspondent. This is her first book.
Karen White, author of ten award-winning novels, is a graduate of Tulane University and the American School in London. She currently lives in Georgia with her husband and two children. When not writing, she spends her time reading, singing, scrapbooking, carpooling children and avoiding cooking.

Product Details

ISBN:
9781400106097
Author:
Harney, Alexandra
Publisher:
Tantor Media Inc
Read by:
White, Karen
Read:
Bailey, Josephine
Read:
White, Karen
Author:
White, Karen
Location:
Old Saybrook
Subject:
International Relations - Trade & Tariffs
Subject:
Labor & Industrial Relations - General
Subject:
Economic Conditions
Subject:
Politics - General
Subject:
General Business & Economics
Edition Description:
Unabridged,Unabridged CD
Publication Date:
20080431
Binding:
COMPACT DISC
Language:
English
Dimensions:
5.3 x 6.4 x 1.1 in 0.5 lb
Media Run Time:
660

Related Subjects

Business » International
History and Social Science » Economics » General
History and Social Science » Politics » General
History and Social Science » Politics » Labor

The China Price: The True Cost of Chinese Competitive Advantage New Compact Disc
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Product details pages Tantor Media - English 9781400106097 Reviews:
"Synopsis" by , Alexandra Harney uncovers the truth about how China is able to offer such amazingly low prices to the rest of the world. She has discovered that intense pricing pressure from Western companies combined with ubiquitous corruption and a lack of transparency exacts an unseen and unconscionable toll in human misery and environmental damage.
"Synopsis" by ,
To write The China Price, Alexandra Harney has penetrated further and deeper into China's enormous ecosystem of export-oriented industry than any outsider before her to uncover the truth about how China is able to offer such amazingly low prices to the rest of the world. What she has discovered is a brutal, Hobbesian world in which intense pricing pressure from Western companies combines with ubiquitous corruption and a lack of transparency to exact an unseen and unconscionable toll in human misery and environmental damage. The recent scandals about Chinese-made toys, tires, and toothpaste drive home a central tenet of this book: What happens in Chinese factories affects all of us, everywhere.In a country with almost no transparency, where graft is institutionalized and workers have little recourse to the rule of law, incentives to lie about business practices vastly outweigh incentives to tell the truth. Harney reveals that despite a decade of monitoring factories, outsiders all t
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