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Fast Boat to China: High-Tech Outsourcing and the Consequences of Free Trade: Lessons from Shanghai Paperback – June 12, 2007
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—Time Out New York
“A fresh look at exactly what we should be making of . . . the increasing number of U.S. and European companies that are relocating their factories and work force in China.”
—The Asian Review of Books
“A skeptical take on pro-China boosterism, gained through the same participant-observer techniques the author brought to his Celebration Chronicles.”
—The Atlantic Monthly
“Engaging. . . . A compelling ground-level perspective.”
—The Fort Wayne Journal-Gazette
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An appalling example is of how a U.S. company that set up shop in Taiwan terminated the employment of a large number of employees that had been with the company for almost 25 years. The termination was to release the company of its obligation to provide the employees with a retirement pension, which was legally required by Taiwanese law if a worker was employed with the company for 25 or more years. The point here is the treachery of such companies. In comparison, when employees leave a company because they are aware that they are about to be fired for such a reason, the companies that were about to fire them will legally prosecute the employees that are looking for a new or better employer. The legal persecution arises from the past employees taking knowledge with them to a competitor. It isn't a fair, two way street!Read more ›
The book speculates on the implications of outsourcing jobs to Shanghai, and further west to Suzhou and Chongqing, not only to the Chinese themselves, but also for Indians and Taiwanese. While Ross does not dispute that outsourcing may help line the pockets for expatriate managers and CEO's of multinational companies, he scrutinizes the job insecurity and identity crises that outsourcing seems to bring to workers in a globalizing China.