Foxconn, a Chinese factory that produces Apple’s, among other’s, products, made a lot of news this year due to allegedly appalling working conditions and low wages. According to Winter Nie and William Dowell, authors of the new AMACOM book In the Shadow of the Dragon, the negative assessment was based on comparisons to American factories. Yet, compared to the average factory in China, Foxconn’s working conditions are better than average and the pay is competitive. Nie and Dowell speak about misconceptions about China and how China is emerging as the new competitive business force of the world.
William Dowell is a former correspondent for Time Magazine, and is currently a freelance writer based in Geneva, Switzerland.
Winter Nie is a business consultant and professor at IMD, a leading business school in Lausanne, Switzerland.