Fast boat to China : corporate flight and the consequences of free trade-lessons from Shanghai - ROSS (New York : Pantheon Books, 2006)
Corporations have been moving job and capital out of countries like the United States since the late 1960s. In the public mind it is only recently that China has become the most likely destination. Almost overnight, it seems, the given wisdom is that if China's breakneck growth continues, its inexhaustible labor pool, its burgeoning high-tech skills, and its investment opportunities could effortlessly absorb the livelihoods of workers and professionals in every corner of the world...Workers everywhere tend to perceive the mercurial growth of China's economy as a threat. Most owners of mobile capital, by contrast, see only an investor's bonanza. This discrepancy is not suprising, but it is rare to come across a stark divide on such a scale and with so many far-flung consequences. One of the general aims of the book is to explain how this contrasting perception came about, whether it is justified, and what is likely to change it.
Keywords: Contracting out -- China-Shanghai Region; Foreign trade and employment -- China-Shanghai Region; Wages -- Effect of international trade on-China Shanghai Region