Ten years ago, a spate of suicides at Foxconn’s factories in Shenzhen thrust the company into global headlines. These workers, part of a million-strong workforce, were involved in making Apple’s iPhone, the world’s premier status symbol smartphone. While the suicides are now mainly in the past, the issues raised in Dying for an iPhone remain pertinent to China’s labor situation and global manufacturing generally.
Chinese often claim a special relationship, sometimes verging on kinship, with Jews. The origins and reasons remain unclear but it may be at least in part due to two Jewish families—the Sassoons and their rivals, the Kadoories—both of whom played lasting roles in the development of two of China’s most modern cities: Shanghai and its rival, Hong Kong.
Although today Samsung stands astride the global consumer electronics markets, as well as some others, it was not all that long ago that the idea that a Korean company could deploy a brand with global reach and dominance would have seemed unlikely, except perhaps among regional experts (or partisans).
“Every adult human being is an investment expert. Life is an investment exercise and you are your own best investment adviser.”
The name Taikoo—or Taigu in Mandarin—means “great and ancient” and was adopted by John Swire & Sons in China in the 19th century when the UK company was relatively new and still minor. Historian Robert Bickers’s latest book tells the story of how this Liverpool trading house that initially dealt in cotton, apples and turpentine from America became an international conglomerate centered in Asia.
Globalization usually means manufacturing. But globalization reaches into other realms, even waste disposal as Adam Minter wrote in his debut book, Junkyard Planet. In his new book, Secondhand, he investigates what happens to material goods we donate after we’re done using them and travels throughout North America, Asia, and Africa to explore how different countries reuse discarded items.
In August 1954, the United States revised its revenue code to allow the accelerated depreciation of fixed asset investments. The move was designed to encourage American manufacturers to invest in new plant and equipment. Its actual effect was to fuel an explosion in shopping center construction.