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China: We All Fall Down, by Frank J. Kiska
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For over 700 years foreign businessmen have been risking their money to unlock the China market without success. The 1990's alone saw an eye popping US$300 billion in direct foreign investment. The Chinese have now become masters at perpetuating the illusion of a newly emerging middle class of consumers - as long as you are willing to believe that they will arrive just in time for the next five year plan. Foreign investors have not learned the lessons of the past. Taking the bait yet again they have committed huge investments in plant and equipment - especially in the automotive sector - turning China into the manufacturing "factory floor" of the world. Imports from China alone have displaced 1.659 million US jobs in five years while creating only 199,000. Our trade deficit with China is fast approaching US$15 billion - per month. Recent technology accelerators have the potential to turn the current downturn in US manufacturing into a rout. This is not how the concept of globalization was supposed to play out for the American middle class.Our government and our business leaders seem unwilling or unable to level the playing field. The trade war's battle lines are now at the consumer level. Frank urges American consumers to take the "China Challenge" and to turn away Chinese auto imports when they arrive, otherwise our economic dreams for China will slowly turn into a nightmare.
- Sales Rank: #15398717 in Books
- Published on: 2005-06-09
- Original language: English
- Number of items: 1
- Dimensions: 8.50" h x .56" w x 5.51" l, .82 pounds
- Binding: Hardcover
- 184 pages
Most helpful customer reviews
2 of 2 people found the following review helpful.
Asian Nightmare within Dream of a Book: An impartial critique from the author's son...
By Jason Kiska
"Bah! An impartial critique from the author's son?" you quip. Won't I just unabashedly sing the praises of China: We All Fall Down? Well, for starters, life has moved on considerably since my adolescent baseball tournament days of Sapporo, Japan of which Dad fondly mentions in his exciting memoir, China: We All Fall Down. Majoring in religious studies and family therapy, I currently teach and administrate at a private, Catholic school. Needless to say, the mutually exclusive worlds of parochial education and international business couldn't be more dissimilar. So, what can I possibly say that would be worthwhile or helpful to a prospective business book buyer? Quite a lot actually.
Although an international business-oriented book with a few jargon-dense sections, it really delivers as an impassioned, fast-paced, and highly readable account of one man's business ordeals in the disingenuous and adversarial "Middle Kingdom" of China. Moreover, Frank's insistent call to all Americans to reconsider the true value of their purchasing power in an attempt to maintain their cherished American standard of living is as compelling as it is timely. Consider the emergence and subsequent domination of WalMart, a service sector behemoth that exploits the import market as well as their own American employees' inability to find better-paying jobs; all in the name of offering "the lowest prices possible."
You almost won't believe his autobiographical accounts of the closed-door dealings, the interminable posturing, China's de facto culture of corruption, the inevitable betrayals, the leveling of criminal allegations, and the paralyzing sense of fear and loathing born of senior management's unwillingness to acknowledge the realities of doing business in Asia. It's fascinating stuff!
Dad's riveting account is even more credible through his insistence that we, as Amercians, have the power to right the listless, sinking ship of our national economy. Especially within the manufacturing sector that has been, to our collective loss, hemorrhaging jobs at a dizzying rate, we owe it to ourselves to give China: We All Fall Down a serious look. Regardless if you agree with the international trade policies of the Bush adminstration or not, regardless if you believe in the lofty ideal of economic globalization, and regardless if you yourself have a manufacturing job or not, you owe it to yourself and to your children (to whom you will entrust the American Dream to!) to READ THIS BOOK.
Can you wrap your mind around the startling claim that "the entire fate of America's middle class way of life hangs in the balance"(7)? Either way, get in on a great read and wrestle with the persuasive international trade argument as presented by Frank Kiska, my father, in his popular work, China: We All Fall Down. You won't be sorry that you did.
3 of 3 people found the following review helpful.
Interesting and Easy to Read
By Daniel J. Parlagreco
Frank Kiska has written an excellent, easy to read book detailing his experiences in doing business in Asia. I could easily belive the circumstances that Frank described that caused him to get dragged into the world of "under the table" business dealings and found his discussions of the negotiations he entered into with his agents and others in Asia very familiar. His experience in this area is deep and broad and it shows through in his writing.
Frank makes a good case that doing business with China should be predicated on "fair" trade, not just "free" trade. Before reading this book, I would just buy the lowest price items in the store, usually from China. Now, I take a close look and try to find American alternatives. Unfortunately, as Frank points out in his book, the list of alternatives grows smaller every day.
I highly recommend "China: We all fall down." as a great business book with a highly engaging story line and easy writing style that makes it a pleasure to read.
2 of 2 people found the following review helpful.
Interesting view point
By P. Cole
This book is a very accurate study of doing business in Asia, the threat of China and raises important questions that the USA faces today.
It also points to failures of corporate US and the non-understanding of the "way" business is done in Asia.
A really important book for any executive doing business or planing to do business in Asia, beware, be afraid, be very afraid
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