William Dowell~~4 1/2 and 5 Star Reviews

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In the Shadow of the Dragon: 

The Global Expansion of Chinese Companies--And How it Will Change Business Forever
Winter Nie and William Dowell with Abraham Lu
            A central topic of discussion during the elections of 2012 was the business relationship between China and the rest of the world. Pointed out by candidates of both political parties in the United States was the intrusion by Chinese companies on traditional manufacturing which Americans had formerly done.
            Candidates leveled accusations that China has newly developed forage into areas of telecommunications, electronics, and other traditionally acknowledged manufacturing was unfair because of money manipulation, favoritism by its government, and other underhanded tactics. In The Shadow of the Dragon discusses the development of how Chinese industry took advantage of market conditions and political enemies.
            The authors fully document their discussion and give a lot of insight into how business takeovers have occurred. Specific examples show how fear plays an important role in the manufacture of goods used as weaponry. Yet, when components ship separately, the fear dissolves, and assembly outside of China can take place. In addition, when a foreign company aligns itself through partial stock ownership, it casts a new aura upon the entity. The foreign company is the guardian of decency in the eyes of outsiders.
            IBM was having a difficult time competing with computers used outside the business world. Realizing that their place in the market was causing losses, they looked to divest their ownership and concentrate on what they knew best. Chinese investors were able to step in and buy a majority share of the product produced by IBM. Thus, Lenovo became a leading China marketer of computers not only in China, but also into the rest of the world. Approval of this joint venture and many others of the same type became the new standard. China's acceptance as an equal joint venture partner in many countries is now the norm rather than the exception.
            Education is a main goal, which is still developing. In 1998, China had around 830,000 students studying in universities. Today, it has more than six million. China graduates some 280,000 engineers a year--seven times more than the current U.S. annual ranks of around 40,000.
            Information conveyed by Winter Nie, an international business scholar, and William Dowell, an international reporter, offer rare and valuable insights into this urgent question of how will China's rise to international dominance in markets beyond low-cost manufacturing impact American business?
            This five-star book is a necessary read.
Clark Isaacs


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